Richardson Electronics’ (RELL) Market Perform Rating Reiterated at Northland Securities

Northland Securities reaffirmed their market perform rating on shares of Richardson Electronics (NASDAQ:RELL) in a research note released on Monday, MarketBeat.com reports.

Richardson Electronics Price Performance

NASDAQ RELL opened at $13.33 on Monday. The business has a fifty day moving average price of $14.04 and a two-hundred day moving average price of $12.86. The stock has a market capitalization of $191.69 million, a PE ratio of 444.48, a PEG ratio of 1.63 and a beta of 0.95. Richardson Electronics has a fifty-two week low of $8.08 and a fifty-two week high of $15.51.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings data on Tuesday, January 7th. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%. As a group, sell-side analysts expect that Richardson Electronics will post 0.32 earnings per share for the current year.

Richardson Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 7th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, February 7th. Richardson Electronics’s dividend payout ratio (DPR) is presently 800.27%.

Institutional Trading of Richardson Electronics

A number of hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in shares of Richardson Electronics during the third quarter worth $134,000. Victory Capital Management Inc. increased its holdings in Richardson Electronics by 32.1% in the 2nd quarter. Victory Capital Management Inc. now owns 11,636 shares of the technology company’s stock worth $138,000 after purchasing an additional 2,830 shares in the last quarter. Insight Wealth Strategies LLC bought a new position in Richardson Electronics in the fourth quarter valued at about $140,000. Ritholtz Wealth Management acquired a new stake in shares of Richardson Electronics during the fourth quarter valued at about $172,000. Finally, Jane Street Group LLC grew its holdings in shares of Richardson Electronics by 8.2% during the third quarter. Jane Street Group LLC now owns 15,545 shares of the technology company’s stock worth $192,000 after purchasing an additional 1,182 shares during the last quarter. Institutional investors and hedge funds own 71.95% of the company’s stock.

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.