First Wilshire Securities Management Inc. Boosts Stake in Richardson Electronics, Ltd. (NASDAQ:RELL)

First Wilshire Securities Management Inc. raised its position in Richardson Electronics, Ltd. (NASDAQ:RELL) by 36.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 521,465 shares of the technology company’s stock after purchasing an additional 140,653 shares during the quarter. Richardson Electronics accounts for approximately 2.0% of First Wilshire Securities Management Inc.’s portfolio, making the stock its 17th largest position. First Wilshire Securities Management Inc. owned about 3.62% of Richardson Electronics worth $7,316,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Richardson Electronics by 300.0% in the third quarter. JPMorgan Chase & Co. now owns 152,082 shares of the technology company’s stock valued at $1,877,000 after buying an additional 114,065 shares in the last quarter. Barclays PLC grew its position in Richardson Electronics by 151.0% in the 3rd quarter. Barclays PLC now owns 19,639 shares of the technology company’s stock valued at $242,000 after acquiring an additional 11,815 shares in the last quarter. Rhumbline Advisers increased its stake in Richardson Electronics by 79.0% during the fourth quarter. Rhumbline Advisers now owns 34,396 shares of the technology company’s stock worth $483,000 after purchasing an additional 15,181 shares during the period. Geode Capital Management LLC lifted its position in shares of Richardson Electronics by 5.3% during the third quarter. Geode Capital Management LLC now owns 290,605 shares of the technology company’s stock worth $3,586,000 after purchasing an additional 14,727 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Richardson Electronics by 0.4% in the third quarter. State Street Corp now owns 225,563 shares of the technology company’s stock valued at $2,783,000 after purchasing an additional 914 shares during the period. 71.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Robert J. Ben sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $13.28, for a total value of $33,200.00. Following the completion of the sale, the chief financial officer now directly owns 54,534 shares of the company’s stock, valued at $724,211.52. The trade was a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.84% of the stock is owned by corporate insiders.

Richardson Electronics Stock Down 2.4 %

NASDAQ RELL opened at $10.89 on Wednesday. Richardson Electronics, Ltd. has a 52 week low of $9.00 and a 52 week high of $15.51. The firm has a 50 day moving average of $12.79 and a two-hundred day moving average of $13.31. The stock has a market capitalization of $156.91 million, a PE ratio of 363.12, a price-to-earnings-growth ratio of 1.98 and a beta of 0.88.

Richardson Electronics (NASDAQ:RELL) last issued its earnings results on Tuesday, January 7th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%. On average, equities research analysts expect that Richardson Electronics, Ltd. will post 0.27 earnings per share for the current fiscal year.

Richardson Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 7th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.24 annualized dividend and a yield of 2.20%. Richardson Electronics’s dividend payout ratio is currently 800.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Northland Securities reaffirmed a “market perform” rating on shares of Richardson Electronics in a research note on Monday, January 13th. Northland Capmk lowered Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th.

Richardson Electronics Profile

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.