JPMorgan Chase & Co. Has $1.95 Million Stock Holdings in Richardson Electronics, Ltd. (NASDAQ:RELL)

JPMorgan Chase & Co. reduced its holdings in Richardson Electronics, Ltd. (NASDAQ:RELL) by 8.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 138,827 shares of the technology company’s stock after selling 13,255 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.96% of Richardson Electronics worth $1,948,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RELL. Insight Wealth Strategies LLC bought a new stake in shares of Richardson Electronics in the fourth quarter worth $140,000. Ritholtz Wealth Management acquired a new stake in shares of Richardson Electronics in the fourth quarter valued at about $172,000. Jane Street Group LLC raised its position in shares of Richardson Electronics by 8.2% during the third quarter. Jane Street Group LLC now owns 15,545 shares of the technology company’s stock worth $192,000 after acquiring an additional 1,182 shares during the last quarter. Barclays PLC lifted its stake in shares of Richardson Electronics by 151.0% in the third quarter. Barclays PLC now owns 19,639 shares of the technology company’s stock worth $242,000 after acquiring an additional 11,815 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Richardson Electronics in the fourth quarter valued at approximately $300,000. Institutional investors own 71.95% of the company’s stock.

Richardson Electronics Trading Up 3.8 %

NASDAQ:RELL opened at $8.92 on Friday. Richardson Electronics, Ltd. has a 12 month low of $7.57 and a 12 month high of $15.51. The stock has a market capitalization of $128.53 million, a price-to-earnings ratio of 297.43, a PEG ratio of 1.98 and a beta of 0.89. The firm has a fifty day simple moving average of $11.19 and a two-hundred day simple moving average of $12.87.

Richardson Electronics (NASDAQ:RELL) last issued its earnings results on Wednesday, April 9th. The technology company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%. The company had revenue of $53.80 million during the quarter, compared to the consensus estimate of $56.90 million. During the same period last year, the business posted $0.05 EPS. Equities analysts predict 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 will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, May 9th. Richardson Electronics’s payout ratio is -141.18%.

Insider Activity at Richardson Electronics

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RELL. Northland Capmk downgraded shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. StockNews.com downgraded Richardson Electronics from a “buy” rating to a “hold” rating in a report on Saturday, April 19th. Finally, Northland Securities reissued a “market perform” rating on shares of Richardson Electronics in a research report on Monday, January 13th.

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.