Richardson Electronics LTD Stock in 2017 Q4 Driven by Institutional Investors

May 25, 2018 - By Peter Erickson

Sentiment for Richardson Electronics LTD (NASDAQ:RELL)

Richardson Electronics LTD (NASDAQ:RELL) institutional sentiment increased to 0.91 in 2017 Q4. Its up 0.37, from 0.54 in 2017Q3. The ratio improved, as 10 active investment managers started new and increased stock positions, while 11 decreased and sold positions in Richardson Electronics LTD. The active investment managers in our partner’s database now hold: 5.44 million shares, down from 5.44 million shares in 2017Q3. Also, the number of active investment managers holding Richardson Electronics LTD in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 8 Increased: 6 New Position: 4.

Richardson Electronics, Ltd. engages in power and microwave technologies, customized display solutions, and healthcare equipment businesses in North America, the Asia Pacific, Europe, and Latin America. The company has market cap of $120.28 million. The companyÂ’s Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables, as well as power conversion and RF and microwave components for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications. It has a 61.18 P/E ratio. The Company’s products are used to control, switch, or amplify electrical power signals, as well as are used as display devices in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets.

The stock decreased 0.11% or $0.01 during the last trading session, reaching $9.3. About 90,730 shares traded or 206.79% up from the average. Richardson Electronics, Ltd. (NASDAQ:RELL) has risen 29.29% since May 25, 2017 and is uptrending. It has outperformed by 17.74% the S&P500.

Ancora Advisors Llc holds 0.09% of its portfolio in Richardson Electronics, Ltd. for 250,455 shares. Mutual Of America Capital Management Llc owns 748,463 shares or 0.08% of their US portfolio. Moreover, Boothbay Fund Management Llc has 0.02% invested in the company for 21,108 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.01% in the stock. Renaissance Technologies Llc, a New York-based fund reported 905,399 shares.

Richardson Electronics, Ltd. (NASDAQ:RELL) Institutional Positions Chart

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