Richardson Electronics, Ltd. (NASDAQ: RELL) COO Sells $ 841,258.44 In Stock


The COO of Richardson Electronics, Ltd. (NASDAQ: RELL) Wendy Diddell sold 67,086 shares of the company in a trade dated Wednesday, December 8. The stock was sold for an average price of $ 12.54, for a total value of $ 841,258.44. The sale was disclosed in a legal file with the Securities & Exchange Commission, accessible through the SEC website.

RELL traded up $ 0.05 on Friday, reaching $ 11.96. The company’s shares had a trading volume of 54,141 shares, compared with an average volume of 99,133. The stock has a market cap of $ 159.52 million, a price-to-earnings ratio of 29.07 and a beta. of 0.52. Richardson Electronics, Ltd. has a one-year minimum of $ 4.37 and a one-year maximum of $ 12.87. The company’s 50-day moving average is $ 11.35 and its 200-day moving average is $ 9.38.

Richardson Electronics (NASDAQ: RELL) last released its quarterly results on Wednesday, October 6. The tech company reported $ 0.20 in EPS for the quarter. The company reported sales of $ 53.70 million in the quarter. Richardson Electronics reported a return on equity of 5.82% and a net margin of 2.83%.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 24. Investors of record on Friday, November 5 received a dividend of $ 0.06. This represents a dividend of $ 0.24 on an annualized basis and a return of 2.01%. The ex-dividend date of this dividend was Thursday, November 4. Richardson Electronics’ dividend payout ratio is currently 58.54%.

(A d)

“Options Basics” is the new comprehensive toolbelt for traders, full of clear English instructions, real-life examples and simple, reliable tactics to get you started!

A number of institutional investors and hedge funds have recently changed their holdings of equities. The Royal Bank of Canada increased its holdings in Richardson Electronics by 47.2% in the third quarter. Royal Bank of Canada now owns 7,800 shares of the tech company valued at $ 75,000 after purchasing an additional 2,500 shares in the last quarter. Geode Capital Management LLC increased its stake in Richardson Electronics by 1.5% in the third quarter. Geode Capital Management LLC now owns 87,600 shares of the tech company valued at $ 848,000 after purchasing an additional 1,317 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Richardson Electronics by 4.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 62,016 shares of the tech company valued at $ 601,000 after purchasing an additional 2,384 shares in the last quarter. BlackRock Inc. increased its stake in Richardson Electronics by 9.4% during the 3rd quarter. BlackRock Inc. now owns 272,198 shares of the tech company valued at $ 2,638,000 after purchasing an additional 23,379 shares in the last quarter. Finally, Advisor Group Holdings Inc. purchased a new position in Richardson Electronics during the 3rd quarter valued at approximately $ 65,000. 38.56% of the shares are held by hedge funds and other institutional investors.

Separately, TheStreet downgraded Richardson Electronics from a “c” rating to a “b” rating in a research report released on Thursday, October 7.

About Richardson Electronics

Richardson Electronics Ltd. provides technical solutions and distributes electronic components in the electronic devices market. It operates through the following segments: Power and Microwave Technologies Group (PMT), Canvys and Healthcare. The PMT segment provides solutions and adds value through assistance in design, systems integration, design and manufacturing of prototypes, testing, logistics and technical service and after-sales repair, all via its existing global infrastructure.

See also: Why is the Consumer Price Index (CPI) important?

Insider buys and sells by quarter for Richardson Electronics (NASDAQ: RELL)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should You Invest $ 1,000 In Richardson Electronics Now?

Before you consider Richardson Electronics, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes over … and Richardson Electronics was not on the list.

While Richardson Electronics currently has an “N / A” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Comments are closed.