Richardson Electronics (NASDAQ:RELL) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Richardson Electronics, Ltd. (NASDAQ:RELL) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.37 and traded as high as $19.16. Richardson Electronics shares last traded at $19.01, with a volume of 213,587 shares traded.

Analyst Upgrades and Downgrades

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

Richardson Electronics Trading Up 3.6%

The stock has a market capitalization of $276.79 million, a P/E ratio of 70.41, a P/E/G ratio of 1.88 and a beta of 1.28. The company’s fifty day simple moving average is $16.50 and its 200 day simple moving average is $13.37.

Richardson Electronics (NASDAQ:RELL) last posted its earnings results on Wednesday, April 8th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $55.47 million during the quarter, compared to analysts’ expectations of $53.12 million. Richardson Electronics had a return on equity of 2.83% and a net margin of 1.75%. Equities research analysts predict that Richardson Electronics, Ltd. will post 0.25 earnings per share for the current year.

Richardson Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 8th were given a $0.06 dividend. The ex-dividend date was Friday, May 8th. This represents a $0.24 annualized dividend and a yield of 1.3%. Richardson Electronics’s payout ratio is 88.89%.

Insider Activity

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

Institutional Trading of Richardson Electronics

Institutional investors have recently added to or reduced their stakes in the business. Aristides Capital LLC grew its stake in shares of Richardson Electronics by 4.7% during the fourth quarter. Aristides Capital LLC now owns 20,940 shares of the technology company’s stock valued at $228,000 after buying an additional 940 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Richardson Electronics by 7.6% in the first quarter. Empowered Funds LLC now owns 20,596 shares of the technology company’s stock worth $226,000 after buying an additional 1,454 shares during the period. Nuveen LLC lifted its stake in shares of Richardson Electronics by 9.7% in the 4th quarter. Nuveen LLC now owns 16,970 shares of the technology company’s stock valued at $185,000 after acquiring an additional 1,507 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Richardson Electronics by 2.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 65,753 shares of the technology company’s stock valued at $715,000 after acquiring an additional 1,587 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Richardson Electronics by 298.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the technology company’s stock valued at $40,000 after acquiring an additional 3,117 shares during the period. 71.95% of the stock is currently owned by hedge funds and other institutional investors.

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.