Richardson Electronics, Ltd. (NASDAQ:RELL – Get Free Report) Director Paul Plante sold 17,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.81, for a total transaction of $319,770.00. Following the completion of the transaction, the director owned 14,188 shares in the company, valued at $266,876.28. This represents a 54.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Richardson Electronics Trading Up 8.6%
Shares of NASDAQ:RELL opened at $18.13 on Friday. The firm has a 50 day simple moving average of $17.51 and a 200-day simple moving average of $14.40. Richardson Electronics, Ltd. has a twelve month low of $9.37 and a twelve month high of $23.15. The company has a market capitalization of $263.97 million, a PE ratio of 41.21, a P/E/G ratio of 1.32 and a beta of 1.26.
Richardson Electronics (NASDAQ:RELL – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. Richardson Electronics had a net margin of 2.79% and a return on equity of 3.57%. The firm had revenue of $66.20 million for the quarter, compared to the consensus estimate of $55.37 million. As a group, equities research analysts predict that Richardson Electronics, Ltd. will post 0.5 EPS for the current fiscal year.
Richardson Electronics Dividend Announcement
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Richardson Electronics in a research report on Monday, July 20th. Northland Securities upgraded Richardson Electronics from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $14.00 to $24.00 in a research note on Tuesday. Finally, Zacks Research raised Richardson Electronics from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Richardson Electronics presently has an average rating of “Buy” and an average target price of $24.00.
Read Our Latest Stock Analysis on Richardson Electronics
Key Stories Impacting Richardson Electronics
Here are the key news stories impacting Richardson Electronics this week:
- Positive Sentiment: Northland Securities upgraded its rating on Richardson Electronics and maintained a $24 price target, implying additional upside from recent trading levels. The firm also raised its FY2027 EPS forecast to $0.62 from $0.39 and increased its Q4 2027 estimate to $0.27 from $0.07. Richardson Electronics Stock Rating Upgraded by Northland Securities
- Positive Sentiment: Northland’s longer-term projections also point to improving profitability, with estimates of $0.87 EPS for FY2028 and quarterly EPS forecasts ranging from $0.16 to $0.30. The revisions reinforce expectations for earnings growth following Richardson Electronics’ latest quarterly results, which exceeded both revenue and EPS estimates.
- Neutral Sentiment: Director Paul J. Plante sold 17,000 shares for approximately $319,770 at an average price of $18.81, reducing his ownership by 54.51%. Insider selling can reflect personal financial planning rather than a change in the company’s outlook. SEC insider ownership filing
- Negative Sentiment: CFO Robert J. Ben sold 7,500 shares for $150,000 at an average price of $20.00, reducing his direct holdings by 11.02%. SEC CFO ownership filing
- Negative Sentiment: EVP Jens Frank Ruppert sold 37,500 shares for approximately $712,875 at an average price of $19.01, leaving him with only 2,000 shares and cutting his ownership by 94.94%. The cluster of executive sales may raise concerns about insider conviction, despite the lack of evidence that the transactions were performance-related. SEC EVP ownership filing
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in shares of Richardson Electronics by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 85,081 shares of the technology company’s stock worth $950,000 after acquiring an additional 5,802 shares during the period. Jane Street Group LLC acquired a new position in Richardson Electronics during the first quarter worth about $198,000. Acadian Asset Management LLC grew its position in Richardson Electronics by 17.0% during the first quarter. Acadian Asset Management LLC now owns 83,273 shares of the technology company’s stock worth $928,000 after buying an additional 12,097 shares during the period. Rhumbline Advisers increased its holdings in Richardson Electronics by 50.6% in the second quarter. Rhumbline Advisers now owns 27,019 shares of the technology company’s stock valued at $261,000 after buying an additional 9,073 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Richardson Electronics by 57.0% during the 2nd quarter. American Century Companies Inc. now owns 42,673 shares of the technology company’s stock valued at $412,000 after acquiring an additional 15,501 shares during the period. 71.95% of the stock is currently owned by hedge funds and other institutional investors.
Richardson Electronics Company Profile
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.
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