Royce & Associates LP Grows Holdings in Richardson Electronics, Ltd. (NASDAQ:RELL)

Royce & Associates LP increased its stake in Richardson Electronics, Ltd. (NASDAQ:RELL) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,248,276 shares of the technology company’s stock after buying an additional 119,685 shares during the period. Royce & Associates LP owned about 0.09% of Richardson Electronics worth $17,513,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Richardson Electronics by 300.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 152,082 shares of the technology company’s stock worth $1,877,000 after purchasing an additional 114,065 shares during the last quarter. Barclays PLC raised its stake in Richardson Electronics by 151.0% during the third quarter. Barclays PLC now owns 19,639 shares of the technology company’s stock valued at $242,000 after buying an additional 11,815 shares in the last quarter. Rhumbline Advisers lifted its holdings in Richardson Electronics by 79.0% during the 4th quarter. Rhumbline Advisers now owns 34,396 shares of the technology company’s stock worth $483,000 after buying an additional 15,181 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Richardson Electronics by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 290,605 shares of the technology company’s stock worth $3,586,000 after acquiring an additional 14,727 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Richardson Electronics by 0.4% in the 3rd quarter. State Street Corp now owns 225,563 shares of the technology company’s stock valued at $2,783,000 after acquiring an additional 914 shares during the last quarter. 71.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RELL shares. Northland Securities reaffirmed a “market perform” rating on shares of Richardson Electronics in a report on Monday, January 13th. Northland Capmk lowered shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th.

Richardson Electronics Trading Up 2.0 %

Shares of NASDAQ RELL opened at $12.48 on Monday. The company has a market cap of $179.82 million, a price-to-earnings ratio of 416.14, a price-to-earnings-growth ratio of 1.98 and a beta of 0.88. The stock’s 50 day simple moving average is $13.16 and its 200 day simple moving average is $13.28. Richardson Electronics, Ltd. has a 12-month low of $8.23 and a 12-month high of $15.51.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Richardson Electronics had a net margin of 0.13% and a return on equity of 0.42%. As a group, equities analysts forecast that Richardson Electronics, Ltd. will post 0.27 earnings per share for the current fiscal year.

Richardson Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 7th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, February 7th. Richardson Electronics’s dividend payout ratio (DPR) is 800.00%.

Insider Buying and Selling at Richardson Electronics

In related news, CFO Robert J. Ben sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $13.28, for a total value of $33,200.00. Following the sale, the chief financial officer now directly owns 54,534 shares in the company, valued at $724,211.52. This trade represents a 4.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.84% of the stock is owned by company insiders.

About Richardson Electronics

Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor manufacturing equipment, RF, and wireless and industrial power applications, as well as various applications including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology.