Richardson Electronics (NASDAQ:RELL) Stock Rating Upgraded by StockNews.com

Richardson Electronics (NASDAQ:RELL) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Sunday.

Separately, TheStreet downgraded Richardson Electronics from a “b-” rating to a “c+” rating in a report on Thursday, November 2nd.

Richardson Electronics Trading Up 2.3 %

Shares of NASDAQ RELL opened at $10.93 on Friday. Richardson Electronics has a 12 month low of $10.25 and a 12 month high of $27.24. The company has a 50 day simple moving average of $11.19 and a two-hundred day simple moving average of $13.92. The stock has a market cap of $156.04 million, a price-to-earnings ratio of 9.18, a PEG ratio of 1.72 and a beta of 0.76.

Richardson Electronics (NASDAQ:RELL) last posted its earnings results on Thursday, October 12th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $52.58 million during the quarter, compared to the consensus estimate of $51.10 million. Richardson Electronics had a net margin of 6.96% and a return on equity of 9.56%. During the same period in the previous year, the firm posted $0.45 earnings per share. Analysts forecast that Richardson Electronics will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, VP Kathleen Mcnally sold 8,810 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $11.86, for a total value of $104,486.60. Following the completion of the transaction, the vice president now owns 38,647 shares of the company’s stock, valued at approximately $458,353.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Wendy Diddell sold 3,736 shares of Richardson Electronics stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $12.07, for a total value of $45,093.52. Following the sale, the chief operating officer now directly owns 103,655 shares in the company, valued at approximately $1,251,115.85. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Kathleen Mcnally sold 8,810 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $11.86, for a total value of $104,486.60. Following the sale, the vice president now owns 38,647 shares of the company’s stock, valued at $458,353.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,341 shares of company stock valued at $170,689. 32.50% of the stock is owned by company insiders.

Institutional Trading of Richardson Electronics

Large investors have recently made changes to their positions in the company. Tucker Asset Management LLC purchased a new stake in shares of Richardson Electronics during the first quarter worth approximately $27,000. Tower Research Capital LLC TRC acquired a new stake in Richardson Electronics in the 1st quarter valued at about $40,000. UBS Group AG raised its holdings in Richardson Electronics by 85.4% in the 2nd quarter. UBS Group AG now owns 1,854 shares of the technology company’s stock valued at $27,000 after acquiring an additional 854 shares during the last quarter. BNP Paribas Arbitrage SNC acquired a new stake in Richardson Electronics in the 1st quarter valued at about $52,000. Finally, State of Wyoming acquired a new stake in Richardson Electronics in the 4th quarter valued at about $51,000. 57.46% of the stock is currently owned by hedge funds and other institutional investors.

About Richardson Electronics

Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and 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.