Richardson Electronics, Ltd. (NASDAQ:RELL - Free Report) - Research analysts at Sidoti Csr reduced their Q4 2024 EPS estimates for Richardson Electronics in a research note issued to investors on Monday, April 15th. Sidoti Csr analyst A. Soderstrom now expects that the technology company will post earnings of $0.07 per share for the quarter, down from their prior estimate of $0.20. The consensus estimate for Richardson Electronics' current full-year earnings is $0.09 per share. Sidoti Csr also issued estimates for Richardson Electronics' FY2025 earnings at $0.50 EPS.
Separately, StockNews.com cut shares of Richardson Electronics from a "hold" rating to a "sell" rating in a research note on Thursday, January 11th.
View Our Latest Report on Richardson Electronics
Richardson Electronics Trading Down 0.4 %
NASDAQ:RELL traded down $0.04 during trading hours on Wednesday, hitting $9.86. 97,675 shares of the company traded hands, compared to its average volume of 160,704. The stock has a market capitalization of $140.80 million, a price-to-earnings ratio of 35.21, a P/E/G ratio of 7.33 and a beta of 1.01. Richardson Electronics has a twelve month low of $8.08 and a twelve month high of $19.58. The firm has a 50-day moving average of $9.02 and a 200 day moving average of $10.71.
Richardson Electronics (NASDAQ:RELL - Get Free Report) last released its earnings results on Thursday, April 11th. The technology company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $52.38 million during the quarter, compared to analysts' expectations of $56.00 million. Richardson Electronics had a net margin of 1.97% and a return on equity of 1.09%. During the same period in the prior year, the company earned $0.44 EPS.
Richardson Electronics Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, May 9th. Richardson Electronics's dividend payout ratio (DPR) is presently 85.71%.
Insider Buying and Selling at Richardson Electronics
In other Richardson Electronics news, Director Kenneth Halverson purchased 2,500 shares of the stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $10.06 per share, with a total value of $25,150.00. Following the acquisition, the director now directly owns 2,500 shares of the company's stock, valued at approximately $25,150. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 32.50% of the company's stock.
Institutional Investors Weigh In On Richardson Electronics
Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Richardson Electronics by 240.9% in the 2nd quarter. BlackRock Inc. now owns 815,076 shares of the technology company's stock worth $13,449,000 after purchasing an additional 575,993 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Richardson Electronics by 2,466.0% in the 4th quarter. Millennium Management LLC now owns 360,004 shares of the technology company's stock worth $7,679,000 after purchasing an additional 345,974 shares during the last quarter. DDD Partners LLC grew its holdings in shares of Richardson Electronics by 46.2% in the 3rd quarter. DDD Partners LLC now owns 690,126 shares of the technology company's stock worth $7,246,000 after purchasing an additional 218,244 shares during the last quarter. FMR LLC grew its holdings in shares of Richardson Electronics by 36.2% in the 1st quarter. FMR LLC now owns 665,486 shares of the technology company's stock worth $14,854,000 after purchasing an additional 176,813 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Richardson Electronics in the 3rd quarter worth about $1,433,000. Institutional investors own 71.95% of the company's stock.
Richardson Electronics Company Profile
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Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and 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.
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