Richardson Electronics (NASDAQ:RELL) CFO Robert Ben Sells 7,500 Shares of Stock

Richardson Electronics, Ltd. (NASDAQ:RELL) CFO Robert Ben sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $20.00, for a total transaction of $150,000.00. Following the sale, the chief financial officer owned 60,534 shares of the company’s stock, valued at approximately $1,210,680. This represents a 11.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Richardson Electronics Stock Performance

Shares of RELL stock opened at $18.13 on Friday. Richardson Electronics, Ltd. has a 52 week low of $9.37 and a 52 week high of $23.15. The company has a market capitalization of $263.97 million, a price-to-earnings ratio of 41.21, a PEG ratio of 1.32 and a beta of 1.26. The company has a 50-day simple moving average of $17.51 and a 200 day simple moving average of $14.40.

Richardson Electronics (NASDAQ:RELL) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.14. The firm had revenue of $66.20 million for the quarter, compared to analysts’ expectations of $55.37 million. Richardson Electronics had a net margin of 2.79% and a return on equity of 3.57%. Sell-side analysts forecast that Richardson Electronics, Ltd. will post 0.5 EPS for the current year.

Richardson Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, August 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%. Richardson Electronics’s dividend payout ratio (DPR) is 54.55%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RELL shares. Northland Securities upgraded Richardson Electronics from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $14.00 to $24.00 in a research note on Tuesday. Zacks Research raised Richardson Electronics from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Richardson Electronics in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $24.00.

More Richardson Electronics News

Here are the key news stories impacting Richardson Electronics this week:

• Positive Sentiment: Northland Securities upgraded its rating on Richardson Electronics and maintained a $24 price target, implying additional upside from recent trading levels. The firm also raised its FY2027 EPS forecast to $0.62 from $0.39 and increased its Q4 2027 estimate to $0.27 from $0.07. Richardson Electronics Stock Rating Upgraded by Northland Securities
• Positive Sentiment: Northland’s longer-term projections also point to improving profitability, with estimates of $0.87 EPS for FY2028 and quarterly EPS forecasts ranging from $0.16 to $0.30. The revisions reinforce expectations for earnings growth following Richardson Electronics’ latest quarterly results, which exceeded both revenue and EPS estimates.
• Neutral Sentiment: Director Paul J. Plante sold 17,000 shares for approximately $319,770 at an average price of $18.81, reducing his ownership by 54.51%. Insider selling can reflect personal financial planning rather than a change in the company’s outlook. SEC insider ownership filing
• Negative Sentiment: CFO Robert J. Ben sold 7,500 shares for $150,000 at an average price of $20.00, reducing his direct holdings by 11.02%. SEC CFO ownership filing
• Negative Sentiment: EVP Jens Frank Ruppert sold 37,500 shares for approximately $712,875 at an average price of $19.01, leaving him with only 2,000 shares and cutting his ownership by 94.94%. The cluster of executive sales may raise concerns about insider conviction, despite the lack of evidence that the transactions were performance-related. SEC EVP ownership filing

Institutional Investors Weigh In On Richardson Electronics

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its stake in shares of Richardson Electronics by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 85,081 shares of the technology company’s stock valued at $950,000 after buying an additional 5,802 shares during the period. Jane Street Group LLC acquired a new stake in Richardson Electronics during the first quarter worth approximately $198,000. Acadian Asset Management LLC increased its stake in Richardson Electronics by 17.0% during the 1st quarter. Acadian Asset Management LLC now owns 83,273 shares of the technology company’s stock worth $928,000 after acquiring an additional 12,097 shares during the period. Rhumbline Advisers increased its stake in Richardson Electronics by 50.6% during the 2nd quarter. Rhumbline Advisers now owns 27,019 shares of the technology company’s stock worth $261,000 after acquiring an additional 9,073 shares during the period. Finally, American Century Companies Inc. raised its holdings in Richardson Electronics by 57.0% in the 2nd quarter. American Century Companies Inc. now owns 42,673 shares of the technology company’s stock valued at $412,000 after acquiring an additional 15,501 shares in the last quarter. 71.95% of the stock is currently owned by institutional investors and hedge funds.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. (NASDAQ:RELL) is a global manufacturer, distributor and servicer of engineered components and subsystems for a diverse range of industrial, medical and scientific applications. The company specializes in vacuum electron devices, high-voltage power supplies and related electronic components, offering klystrons, traveling wave tubes, magnetrons, X-ray tubes, microwave amplifiers and power conversion products. Its solutions support customers in power grid management, semiconductor processing, medical imaging, scientific instrumentation and telecommunications.

In addition to its manufacturing capabilities, Richardson Electronics maintains a broad distribution network comprising thousands of standard and custom parts.