Richardson Electronics, Ltd. $RELL Shares Sold by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. lessened its position in Richardson Electronics, Ltd. (NASDAQ:RELL) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 589,944 shares of the technology company’s stock after selling 64,008 shares during the period. Richardson Electronics makes up 1.6% of First Wilshire Securities Management Inc.’s portfolio, making the stock its 20th biggest position. First Wilshire Securities Management Inc. owned approximately 4.06% of Richardson Electronics worth $6,419,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of Richardson Electronics by 298.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the technology company’s stock worth $40,000 after acquiring an additional 3,117 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Richardson Electronics in the 2nd quarter worth about $57,000. Los Angeles Capital Management LLC acquired a new stake in shares of Richardson Electronics in the 4th quarter worth about $91,000. GSA Capital Partners LLP bought a new position in Richardson Electronics in the 3rd quarter valued at about $104,000. Finally, Engineers Gate Manager LP bought a new position in Richardson Electronics in the 2nd quarter valued at about $103,000. Institutional investors and hedge funds own 71.95% of the company’s stock.

Insider Activity

In other news, EVP Kathleen Mcnally sold 6,636 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $16.85, for a total transaction of $111,816.60. Following the completion of the transaction, the executive vice president owned 45,719 shares in the company, valued at approximately $770,365.15. This trade represents a 12.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kenneth Halverson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $14.69, for a total transaction of $146,900.00. Following the transaction, the director owned 14,345 shares of the company’s stock, valued at approximately $210,728.05. This trade represents a 41.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 33.40% of the company’s stock.

Richardson Electronics Trading Up 6.3%

NASDAQ:RELL opened at $17.37 on Friday. Richardson Electronics, Ltd. has a twelve month low of $8.79 and a twelve month high of $19.86. The company has a 50-day moving average of $15.06 and a 200-day moving average of $12.69. The firm has a market cap of $252.91 million, a price-to-earnings ratio of 64.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.28.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings data on Wednesday, April 8th. The technology company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. Richardson Electronics had a net margin of 1.75% and a return on equity of 2.83%. The company had revenue of $55.47 million during the quarter, compared to analyst estimates of $53.13 million. On average, research analysts forecast that Richardson Electronics, Ltd. will post 0.25 earnings per share for the current year.

Richardson Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 8th were given a dividend of $0.06 per share. The ex-dividend date was Friday, May 8th. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. Richardson Electronics’s dividend payout ratio (DPR) is 88.89%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RELL. Northland Securities set a $14.00 target price on shares of Richardson Electronics in a research report on Friday, April 10th. Weiss Ratings upgraded shares of Richardson Electronics from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.00.

About Richardson Electronics

Richardson Electronics, Ltd. (NASDAQ:RELL) is a global manufacturer, distributor and servicer of engineered components and subsystems for a diverse range of industrial, medical and scientific applications. The company specializes in vacuum electron devices, high-voltage power supplies and related electronic components, offering klystrons, traveling wave tubes, magnetrons, X-ray tubes, microwave amplifiers and power conversion products. Its solutions support customers in power grid management, semiconductor processing, medical imaging, scientific instrumentation and telecommunications.

In addition to its manufacturing capabilities, Richardson Electronics maintains a broad distribution network comprising thousands of standard and custom parts.