Richardson Electronics’ (RELL) Market Perform Rating Reiterated at Northland Securities

Richardson Electronics (NASDAQ:RELL)‘s stock had its “market perform” rating reaffirmed by investment analysts at Northland Securities in a research note issued on Monday, Marketbeat Ratings reports.

Richardson Electronics Price Performance

RELL stock opened at $12.84 on Monday. The stock has a market capitalization of $184.65 million, a P/E ratio of -256.80, a P/E/G ratio of 1.74 and a beta of 0.95. Richardson Electronics has a 1-year low of $8.08 and a 1-year high of $15.51. The business has a fifty day moving average price of $14.07 and a 200-day moving average price of $12.86.

Richardson Electronics (NASDAQ:RELL) last issued its earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a negative return on equity of 0.24% and a negative net margin of 0.40%. As a group, analysts anticipate that Richardson Electronics will post 0.33 earnings per share for the current year.

Hedge Funds Weigh In On Richardson Electronics

Several hedge funds and other institutional investors have recently modified their holdings of RELL. Barclays PLC increased its position in Richardson Electronics by 151.0% during the third quarter. Barclays PLC now owns 19,639 shares of the technology company’s stock valued at $242,000 after acquiring an additional 11,815 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Richardson Electronics by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 18,372 shares of the technology company’s stock valued at $218,000 after purchasing an additional 2,359 shares during the period. Royce & Associates LP increased its position 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 purchasing an additional 90,164 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Richardson Electronics by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 290,605 shares of the technology company’s stock worth $3,586,000 after purchasing an additional 14,727 shares during the period. Finally, State Street Corp boosted its holdings in shares of Richardson Electronics by 0.4% in the third quarter. State Street Corp now owns 225,563 shares of the technology company’s stock worth $2,783,000 after buying an additional 914 shares during the last quarter. 71.95% of the stock is owned by institutional investors.

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.