Barclays PLC Grows Stock Holdings in Richardson Electronics, Ltd. (NASDAQ:RELL)

Barclays PLC increased its stake in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 151.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,639 shares of the technology company’s stock after purchasing an additional 11,815 shares during the period. Barclays PLC owned approximately 0.14% of Richardson Electronics worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Royce & Associates LP raised its holdings in shares of Richardson Electronics by 8.7% during the third quarter. Royce & Associates LP now owns 1,128,591 shares of the technology company’s stock valued at $13,927,000 after purchasing an additional 90,164 shares during the last quarter. State Street Corp raised its holdings in shares of Richardson Electronics by 0.4% during 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 last quarter. Parthenon LLC raised its holdings in shares of Richardson Electronics by 6.5% during the second quarter. Parthenon LLC now owns 134,316 shares of the technology company’s stock valued at $1,597,000 after purchasing an additional 8,247 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Richardson Electronics by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 131,577 shares of the technology company’s stock valued at $1,564,000 after purchasing an additional 4,513 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Richardson Electronics by 11.8% during the second quarter. Squarepoint Ops LLC now owns 21,722 shares of the technology company’s stock valued at $258,000 after purchasing an additional 2,284 shares during the last quarter. 71.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Richardson Electronics

In other Richardson Electronics news, Director James Benham bought 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $13.29 per share, for a total transaction of $59,805.00. Following the completion of the transaction, the director now owns 13,706 shares of the company’s stock, valued at $182,152.74. This represents a 48.88 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 32.84% of the stock is currently owned by company insiders.

Richardson Electronics Stock Up 1.3 %

RELL opened at $14.33 on Monday. The firm has a 50 day moving average price of $14.15 and a 200-day moving average price of $12.78. The stock has a market capitalization of $206.08 million, a price-to-earnings ratio of -286.60, a PEG ratio of 1.74 and a beta of 0.95. Richardson Electronics, Ltd. has a twelve month low of $8.08 and a twelve month high of $15.51.

Richardson Electronics (NASDAQ:RELL) last announced its earnings results on Wednesday, October 9th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $53.73 million during the quarter, compared to analyst estimates of $49.45 million. Richardson Electronics had a negative net margin of 0.40% and a negative return on equity of 0.24%. During the same period in the previous year, the business posted $0.09 earnings per share. As a group, analysts expect that Richardson Electronics, Ltd. will post 0.33 earnings per share for the current year.

Richardson Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 8th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.24 annualized dividend and a yield of 1.67%. Richardson Electronics’s dividend payout ratio (DPR) is -480.00%.

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.