DDD Partners LLC Sells 4,098 Shares of Richardson Electronics, Ltd. (NASDAQ:RELL)

DDD Partners LLC cut its holdings in Richardson Electronics, Ltd. (NASDAQ:RELL) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 686,028 shares of the technology company’s stock after selling 4,098 shares during the period. DDD Partners LLC’s holdings in Richardson Electronics were worth $9,158,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS Group AG increased its stake in Richardson Electronics by 85.4% during the second quarter. UBS Group AG now owns 1,854 shares of the technology company’s stock valued at $27,000 after acquiring an additional 854 shares during the period. Quantbot Technologies LP acquired a new stake in Richardson Electronics during the third quarter valued at approximately $29,000. JPMorgan Chase & Co. boosted its holdings in Richardson Electronics by 48.9% during the first quarter. JPMorgan Chase & Co. now owns 2,553 shares of the technology company’s stock valued at $32,000 after purchasing an additional 839 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Richardson Electronics during the first quarter valued at approximately $40,000. Finally, BNP Paribas Arbitrage SNC acquired a new stake in Richardson Electronics during the third quarter valued at approximately $44,000. 71.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded Richardson Electronics from a “hold” rating to a “sell” rating in a report on Thursday, January 11th.

Insider Transactions at Richardson Electronics

In related news, Director Kenneth Halverson acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $10.06 per share, for a total transaction of $25,150.00. Following the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $25,150. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 32.50% of the stock is owned by company insiders.

Richardson Electronics Trading Up 2.0 %

NASDAQ RELL opened at $9.18 on Thursday. The company has a market capitalization of $131.09 million, a price-to-earnings ratio of 13.70, a PEG ratio of 3.33 and a beta of 1.01. Richardson Electronics, Ltd. has a 1-year low of $8.08 and a 1-year high of $23.36. The stock’s 50 day moving average is $9.15 and its two-hundred day moving average is $10.91.

Richardson Electronics (NASDAQ:RELL) last announced its earnings results on Wednesday, January 10th. The technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.14). The business had revenue of $44.13 million during the quarter, compared to analyst estimates of $52.00 million. Richardson Electronics had a return on equity of 4.76% and a net margin of 4.38%. On average, analysts predict that Richardson Electronics, Ltd. will post 0.18 earnings per share for the current year.

Richardson Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, February 9th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Thursday, February 8th. Richardson Electronics’s payout ratio is currently 35.82%.

About Richardson Electronics

Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and 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.