Richardson Electronics LTD (NASDAQ:RELL) Move as Institutional Investors’ Sentiment Up

June 19, 2018 - By Marry Poplack

Sentiment for Richardson Electronics LTD (NASDAQ:RELL)

Richardson Electronics LTD (NASDAQ:RELL) institutional sentiment increased to 2.29 in 2018 Q1. Its up 1.38, from 0.91 in 2017Q4. The ratio has improved, as 16 active investment managers increased or started new stock positions, while 7 sold and decreased their stakes in Richardson Electronics LTD. The active investment managers in our partner’s database now possess: 5.56 million shares, up from 5.44 million shares in 2017Q4. 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: 0 Reduced: 7 Increased: 8 New Position: 8.

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 $122.99 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 62.57 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 increased 0.53% or $0.05 during the last trading session, reaching $9.51. About 29,715 shares traded or 5.31% up from the average. Richardson Electronics, Ltd. (NASDAQ:RELL) has risen 57.21% since June 19, 2017 and is uptrending. It has outperformed by 44.64% the S&P500.

Zpr Investment Management holds 0.26% of its portfolio in Richardson Electronics, Ltd. for 22,917 shares. Mutual Of America Capital Management Llc owns 752,963 shares or 0.09% of their US portfolio. Moreover, Ancora Advisors Llc has 0.08% invested in the company for 222,056 shares. The New York-based Boothbay Fund Management Llc has invested 0.04% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 129,911 shares.

Another recent and important Richardson Electronics, Ltd. (NASDAQ:RELL) news was published by Globenewswire.com which published an article titled: “Richardson Healthcare Announces The ALTA750â„¢ Replacement CT Tube” on May 31, 2018.

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

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