Azarias Capital Management L.P. lessened its holdings in Richardson Electronics, Ltd. (NASDAQ:RELL - Free Report) by 36.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 285,710 shares of the technology company's stock after selling 160,786 shares during the quarter. Richardson Electronics accounts for approximately 1.8% of Azarias Capital Management L.P.'s holdings, making the stock its 21st largest holding. Azarias Capital Management L.P. owned 1.98% of Richardson Electronics worth $3,189,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of RELL. Rhumbline Advisers increased 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 valued at $483,000 after acquiring an additional 15,181 shares during the period. Royce & Associates LP increased its holdings in shares of Richardson Electronics by 10.6% in the fourth quarter. Royce & Associates LP now owns 1,248,276 shares of the technology company's stock valued at $17,513,000 after purchasing an additional 119,685 shares during the period. Barclays PLC raised its stake in shares of Richardson Electronics by 11.6% in the fourth quarter. Barclays PLC now owns 21,911 shares of the technology company's stock worth $307,000 after purchasing an additional 2,272 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Richardson Electronics by 62.2% during the fourth quarter. Deutsche Bank AG now owns 10,452 shares of the technology company's stock worth $147,000 after purchasing an additional 4,009 shares during the period. Finally, First Wilshire Securities Management Inc. increased its holdings in Richardson Electronics by 36.9% in the 4th quarter. First Wilshire Securities Management Inc. now owns 521,465 shares of the technology company's stock worth $7,316,000 after buying an additional 140,653 shares during the period. Hedge funds and other institutional investors own 71.95% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Richardson Electronics from a "buy" rating to a "hold" rating in a report on Saturday, April 19th.
View Our Latest Research Report on RELL
Richardson Electronics Price Performance
Shares of NASDAQ RELL opened at $8.99 on Friday. The stock has a market capitalization of $129.55 million, a price-to-earnings ratio of -52.88, a PEG ratio of 2.57 and a beta of 0.99. The firm's 50 day simple moving average is $8.93 and its 200-day simple moving average is $11.54. Richardson Electronics, Ltd. has a 12 month low of $7.57 and a 12 month high of $15.51.
Richardson Electronics (NASDAQ:RELL - Get Free Report) last released its quarterly 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. The company had revenue of $53.80 million for the quarter, compared to analyst estimates of $56.90 million. Richardson Electronics had a negative net margin of 1.14% and a positive return on equity of 1.09%. During the same quarter last year, the business earned $0.05 earnings per share. Analysts anticipate that Richardson Electronics, Ltd. will post 0.27 earnings per share for the current fiscal year.
Richardson Electronics Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 9th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 2.67%. Richardson Electronics's dividend payout ratio is presently -141.18%.
About Richardson Electronics
(
Free Report)
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.
See Also
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