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

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

A number of other hedge funds and other institutional investors have also modified their holdings of RELL. Royce & Associates LP grew its holdings in shares of Richardson Electronics by 8.7% in 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 period. Geode Capital Management LLC boosted its holdings in Richardson Electronics by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 290,605 shares of the technology company’s stock valued at $3,586,000 after purchasing an additional 14,727 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Richardson Electronics in the 3rd quarter valued at approximately $134,000. Victory Capital Management Inc. increased its holdings in shares of Richardson Electronics by 32.1% during the 2nd quarter. Victory Capital Management Inc. now owns 11,636 shares of the technology company’s stock worth $138,000 after buying an additional 2,830 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Richardson Electronics by 19.5% during the 2nd quarter. Rhumbline Advisers now owns 17,206 shares of the technology company’s stock valued at $205,000 after buying an additional 2,803 shares during the period. 71.95% of the stock is owned by institutional investors and hedge funds.

Richardson Electronics Stock Performance

Richardson Electronics stock opened at $13.56 on Tuesday. The company’s 50 day simple moving average is $13.98 and its 200-day simple moving average is $12.91. Richardson Electronics, Ltd. has a 1 year low of $8.08 and a 1 year high of $15.51. The company has a market capitalization of $194.99 million, a price-to-earnings ratio of 452.15, a price-to-earnings-growth ratio of 1.63 and a beta of 0.95.

Richardson Electronics (NASDAQ:RELL) last announced its earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a net margin of 0.13% and a return on equity of 0.42%. Equities analysts expect that Richardson Electronics, Ltd. will post 0.32 earnings per share for the current year.

Richardson Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 7th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, February 7th. Richardson Electronics’s dividend payout ratio (DPR) is 800.27%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Northland Securities reiterated a “market perform” rating on shares of Richardson Electronics in a research report on Monday, January 13th. Northland Capmk cut Richardson Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th.

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.