American Century Companies Inc. Boosts Position in Richardson Electronics, Ltd. $RELL

American Century Companies Inc. boosted its position in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 11.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,172 shares of the technology company’s stock after acquiring an additional 2,860 shares during the quarter. American Century Companies Inc. owned 0.19% of Richardson Electronics worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Royce & Associates LP increased its position in Richardson Electronics by 7.7% during the first quarter. Royce & Associates LP now owns 1,344,175 shares of the technology company’s stock valued at $15,001,000 after acquiring an additional 95,899 shares during the last quarter. Northern Trust Corp increased its position in Richardson Electronics by 1.7% during the fourth quarter. Northern Trust Corp now owns 98,765 shares of the technology company’s stock valued at $1,386,000 after acquiring an additional 1,623 shares during the last quarter. Barclays PLC increased its position in Richardson Electronics by 11.6% during the fourth quarter. Barclays PLC now owns 21,911 shares of the technology company’s stock valued at $307,000 after acquiring an additional 2,272 shares during the last quarter. Nuveen LLC purchased a new stake in Richardson Electronics during the first quarter valued at $239,000. Finally, Raymond James Financial Inc. purchased a new stake in Richardson Electronics during the fourth quarter valued at $300,000. Hedge funds and other institutional investors own 71.95% of the company’s stock.

Insider Transactions at Richardson Electronics

In other Richardson Electronics news, EVP Kathleen Mcnally sold 8,417 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $10.01, for a total transaction of $84,254.17. Following the completion of the sale, the executive vice president owned 45,719 shares of the company’s stock, valued at approximately $457,647.19. The trade was a 15.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 33.40% of the company’s stock.

Richardson Electronics Stock Performance

Richardson Electronics stock opened at $9.77 on Friday. The stock has a market cap of $141.57 million, a PE ratio of -122.11, a price-to-earnings-growth ratio of 2.37 and a beta of 1.01. Richardson Electronics, Ltd. has a one year low of $7.57 and a one year high of $15.51. The stock has a fifty day moving average of $9.87 and a 200 day moving average of $10.03.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The company had revenue of $51.89 million during the quarter, compared to analysts’ expectations of $53.86 million. Richardson Electronics had a positive return on equity of 2.07% and a negative net margin of 0.55%. As a group, sell-side analysts predict that Richardson Electronics, Ltd. will post 0.27 EPS for the current fiscal year.

Richardson Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, August 8th. Richardson Electronics’s payout ratio is currently -300.00%.

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.