80,000 Shares in Richardson Electronics, Ltd. $RELL Purchased by AMH Equity Ltd

AMH Equity Ltd purchased a new stake in Richardson Electronics, Ltd. (NASDAQ:RELL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 80,000 shares of the technology company’s stock, valued at approximately $783,000. AMH Equity Ltd owned about 0.55% of Richardson Electronics at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RELL. First Wilshire Securities Management Inc. grew its holdings in Richardson Electronics by 12.0% in the second quarter. First Wilshire Securities Management Inc. now owns 838,077 shares of the technology company’s stock valued at $8,087,000 after purchasing an additional 89,603 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Richardson Electronics by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 85,081 shares of the technology company’s stock worth $950,000 after acquiring an additional 5,802 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Richardson Electronics by 17.0% during the 1st quarter. Acadian Asset Management LLC now owns 83,273 shares of the technology company’s stock valued at $928,000 after buying an additional 12,097 shares during the last quarter. ARS Investment Partners LLC increased its position in shares of Richardson Electronics by 11.7% in the 2nd quarter. ARS Investment Partners LLC now owns 50,944 shares of the technology company’s stock worth $492,000 after purchasing an additional 5,353 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in Richardson Electronics by 46.5% during the second quarter. Bridgeway Capital Management LLC now owns 49,536 shares of the technology company’s stock worth $478,000 after purchasing an additional 15,725 shares during the last quarter. 71.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings downgraded Richardson Electronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, January 9th. Zacks Research lowered shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Richardson Electronics has an average rating of “Reduce”.

Richardson Electronics Trading Down 0.4%

NASDAQ RELL opened at $10.79 on Friday. The company has a market capitalization of $156.35 million, a PE ratio of 215.84, a P/E/G ratio of 1.63 and a beta of 1.01. The stock has a 50-day simple moving average of $10.64 and a 200 day simple moving average of $10.32. Richardson Electronics, Ltd. has a 12 month low of $7.57 and a 12 month high of $13.88.

Richardson Electronics (NASDAQ:RELL) last posted its earnings results on Wednesday, January 7th. The technology company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $52.29 million for the quarter, compared to analyst estimates of $49.90 million. Richardson Electronics had a net margin of 0.38% and a return on equity of 3.30%. During the same period last year, the business posted ($0.05) earnings per share. As a group, sell-side analysts predict that Richardson Electronics, Ltd. will post 0.27 earnings per share for the current fiscal year.

Richardson Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, February 6th. Richardson Electronics’s payout ratio is currently 480.00%.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. (NASDAQ:RELL) is a global manufacturer, distributor and servicer of engineered components and subsystems for a diverse range of industrial, medical and scientific applications. The company specializes in vacuum electron devices, high-voltage power supplies and related electronic components, offering klystrons, traveling wave tubes, magnetrons, X-ray tubes, microwave amplifiers and power conversion products. Its solutions support customers in power grid management, semiconductor processing, medical imaging, scientific instrumentation and telecommunications.

In addition to its manufacturing capabilities, Richardson Electronics maintains a broad distribution network comprising thousands of standard and custom parts.