Deutsche Bank AG Raises Position in Richardson Electronics, Ltd. (NASDAQ:RELL)

Deutsche Bank AG grew its holdings in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 62.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,452 shares of the technology company’s stock after purchasing an additional 4,009 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of Richardson Electronics worth $147,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RELL. Azarias Capital Management L.P. lifted its stake in shares of Richardson Electronics by 3.9% during the 4th quarter. Azarias Capital Management L.P. now owns 446,496 shares of the technology company’s stock worth $6,264,000 after purchasing an additional 16,843 shares during the period. Rhumbline Advisers raised its position in shares of Richardson Electronics by 79.0% in 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 period. Kovack Advisors Inc. raised its position in shares of Richardson Electronics by 24.1% in the 4th quarter. Kovack Advisors Inc. now owns 44,300 shares of the technology company’s stock worth $622,000 after buying an additional 8,600 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Richardson Electronics in the 4th quarter worth $300,000. Finally, Royce & Associates LP raised its position in shares of Richardson Electronics by 10.6% in the 4th quarter. Royce & Associates LP now owns 1,248,276 shares of the technology company’s stock worth $17,513,000 after buying an additional 119,685 shares during the period. Hedge funds and other institutional investors own 71.95% of the company’s stock.

Richardson Electronics Trading Up 3.8%

Shares of RELL opened at $9.09 on Wednesday. The firm has a market capitalization of $131.00 million, a P/E ratio of 303.10, a price-to-earnings-growth ratio of 1.98 and a beta of 1.01. The stock’s fifty day simple moving average is $9.12 and its 200 day simple moving average is $11.94. Richardson Electronics, Ltd. has a twelve month low of $7.57 and a twelve month high of $15.51.

Richardson Electronics (NASDAQ:RELL) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $56.90 million. During the same period last year, the company posted $0.05 earnings per share. Sell-side analysts predict that Richardson Electronics, Ltd. will post 0.27 earnings per share for the current year.

Richardson Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Friday, May 9th. Richardson Electronics’s dividend payout ratio (DPR) is presently -141.18%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Richardson Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, April 19th.

Richardson Electronics Company Profile

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.