Forest Hill Capital LLC lessened its position in Richardson Electronics, Ltd. (NASDAQ:RELL - Free Report) by 34.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,741 shares of the technology company's stock after selling 34,072 shares during the quarter. Forest Hill Capital LLC owned about 0.44% of Richardson Electronics worth $894,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in Richardson Electronics by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 7,213 shares of the technology company's stock valued at $101,000 after purchasing an additional 1,572 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Richardson Electronics by 62.2% in the fourth quarter. Deutsche Bank AG now owns 10,452 shares of the technology company's stock worth $147,000 after buying an additional 4,009 shares in the last quarter. Ritholtz Wealth Management acquired a new position in Richardson Electronics during the fourth quarter worth about $172,000. Bank of America Corp DE grew its stake in Richardson Electronics by 37.6% during the 4th quarter. Bank of America Corp DE now owns 14,658 shares of the technology company's stock valued at $206,000 after acquiring an additional 4,003 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Richardson Electronics by 8.2% in the 3rd quarter. Jane Street Group LLC now owns 15,545 shares of the technology company's stock valued at $192,000 after acquiring an additional 1,182 shares during the last quarter. 71.95% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on RELL shares. StockNews.com lowered Richardson Electronics from a "buy" rating to a "hold" rating in a research report on Saturday, April 19th. Northland Capmk cut Richardson Electronics from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, Northland Securities reiterated a "market perform" rating on shares of Richardson Electronics in a report on Monday, January 13th.
Read Our Latest Stock Analysis on RELL
Richardson Electronics Price Performance
Shares of NASDAQ RELL opened at $8.91 on Friday. The company has a market capitalization of $128.40 million, a P/E ratio of 297.10, a P/E/G ratio of 1.98 and a beta of 1.01. The company has a 50 day simple moving average of $10.23 and a 200-day simple moving average of $12.53. Richardson Electronics, Ltd. has a 1 year low of $7.57 and a 1 year high of $15.51.
Richardson Electronics (NASDAQ:RELL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The technology company reported $0.11 earnings per share for the quarter, topping 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 analyst estimates of $56.90 million. During the same period in the prior year, the business posted $0.05 earnings per share. As a group, research analysts expect that Richardson Electronics, Ltd. will post 0.27 EPS for the current year.
Richardson Electronics Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th will be given a $0.06 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.24 dividend on an annualized basis and a yield of 2.69%. Richardson Electronics's payout ratio is currently -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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Richardson Electronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Richardson Electronics wasn't on the list.
While Richardson Electronics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
