XTX Topco Ltd Invests $134,000 in Richardson Electronics, Ltd. (NASDAQ:RELL)

XTX Topco Ltd acquired a new position in Richardson Electronics, Ltd. (NASDAQ:RELL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,885 shares of the technology company’s stock, valued at approximately $134,000.

A number of other institutional investors also recently bought and sold shares of the stock. Jane Street Group LLC grew its holdings in Richardson Electronics by 8.2% during the third quarter. Jane Street Group LLC now owns 15,545 shares of the technology company’s stock valued at $192,000 after purchasing an additional 1,182 shares during the period. State Street Corp lifted its position in shares of Richardson Electronics by 0.4% during the 3rd quarter. State Street Corp now owns 225,563 shares of the technology company’s stock valued at $2,783,000 after buying an additional 914 shares in the last quarter. Royce & Associates LP grew its stake in shares of Richardson Electronics by 8.7% during the 3rd quarter. Royce & Associates LP now owns 1,128,591 shares of the technology company’s stock valued at $13,927,000 after acquiring an additional 90,164 shares during the period. Squarepoint Ops LLC increased its holdings in Richardson Electronics by 11.8% in the 2nd quarter. Squarepoint Ops LLC now owns 21,722 shares of the technology company’s stock worth $258,000 after acquiring an additional 2,284 shares in the last quarter. Finally, Parthenon LLC raised its stake in Richardson Electronics by 6.5% during the 2nd quarter. Parthenon LLC now owns 134,316 shares of the technology company’s stock worth $1,597,000 after acquiring an additional 8,247 shares during the period. 71.95% of the stock is owned by institutional investors.

Richardson Electronics Price Performance

RELL opened at $14.01 on Friday. The company has a 50 day simple moving average of $14.07 and a two-hundred day simple moving average of $12.59. The firm has a market cap of $201.48 million, a P/E ratio of -280.20, a PEG ratio of 1.74 and a beta of 0.94. Richardson Electronics, Ltd. has a 1-year low of $8.08 and a 1-year high of $15.51.

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

Richardson Electronics Dividend Announcement

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. This represents a $0.24 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Friday, November 8th. Richardson Electronics’s dividend payout ratio is currently -480.00%.

Insider Activity at Richardson Electronics

In related news, Director James Benham acquired 4,500 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was acquired at an average cost of $13.29 per share, with a total value of $59,805.00. Following the acquisition, the director now directly owns 13,706 shares in the company, valued at $182,152.74. This represents a 48.88 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 32.84% of the stock is owned by corporate insiders.

Richardson Electronics Company 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.