American Century Companies Inc. Has $218,000 Stock Holdings in Richardson Electronics, Ltd. (NASDAQ:RELL)

American Century Companies Inc. boosted its stake in Richardson Electronics, Ltd. (NASDAQ:RELL) by 14.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,372 shares of the technology company’s stock after purchasing an additional 2,359 shares during the quarter. American Century Companies Inc. owned about 0.13% of Richardson Electronics worth $218,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Richardson Electronics in the first quarter valued at $42,000. Perritt Capital Management Inc. bought a new position in shares of Richardson Electronics in the first quarter valued at $46,000. BNP Paribas Financial Markets lifted its stake in shares of Richardson Electronics by 98.1% in the first quarter. BNP Paribas Financial Markets now owns 6,730 shares of the technology company’s stock valued at $62,000 after buying an additional 3,333 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Richardson Electronics in the first quarter valued at $109,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Richardson Electronics by 32.1% in the second quarter. Victory Capital Management Inc. now owns 11,636 shares of the technology company’s stock valued at $138,000 after buying an additional 2,830 shares in the last quarter. 71.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Richardson Electronics from a “sell” rating to a “hold” rating in a research report on Friday, July 26th.

Richardson Electronics Price Performance

RELL opened at $12.28 on Friday. The company’s 50-day moving average is $11.76 and its 200 day moving average is $11.11. Richardson Electronics, Ltd. has a fifty-two week low of $8.08 and a fifty-two week high of $14.30. The firm has a market capitalization of $175.33 million, a P/E ratio of 43.86, a PEG ratio of 1.88 and a beta of 0.96.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. Richardson Electronics had a negative net margin of 0.07% and a positive return on equity of 0.16%. The business had revenue of $47.37 million during the quarter, compared to the consensus estimate of $48.00 million. On average, equities research analysts expect that Richardson Electronics, Ltd. will post 0.44 earnings per share for the current year.

Richardson Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Friday, August 9th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, August 9th. This represents a $0.24 dividend on an annualized basis and a yield of 1.95%. Richardson Electronics’s dividend payout ratio (DPR) is presently 85.71%.

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.