Northland Capital initiated coverage on Richardson Elec with a new price target
$RELL
Electronic Components
Technology
Northland Capital initiated coverage of Richardson Elec with a rating of Outperform and set a new price target of $13.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/29/2024 | $13.00 | Outperform | Northland Capital |
4 - RICHARDSON ELECTRONICS, LTD. (0000355948) (Issuer)
4 - RICHARDSON ELECTRONICS, LTD. (0000355948) (Issuer)
4 - RICHARDSON ELECTRONICS, LTD. (0000355948) (Issuer)
SC 13G/A - RICHARDSON ELECTRONICS, LTD. (0000355948) (Subject)
SC 13G/A - RICHARDSON ELECTRONICS, LTD. (0000355948) (Subject)
SC 13G/A - RICHARDSON ELECTRONICS, LTD. (0000355948) (Subject)
Richardson Electronics (NASDAQ:RELL) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $(0.04) by 150 percent. The company reported quarterly sales of $47.374 million which missed the analyst consensus estimate of $48.010 million by 1.32 percent. This is a 19.48 percent decrease over sales of $58.832 million the same period last year.
Northland Capital Markets initiates coverage on Richardson Electronics (NASDAQ:RELL) with a Outperform rating and announces Price Target of $13.
Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Lovesac The Trade: The Lovesac Company (NASDAQ:LOVE) EVP and CFO Keith R. Siegner acquired a total of 4,800 shares at an av
4 - RICHARDSON ELECTRONICS, LTD. (0000355948) (Issuer)
4 - RICHARDSON ELECTRONICS, LTD. (0000355948) (Issuer)
4 - RICHARDSON ELECTRONICS, LTD. (0000355948) (Issuer)
Q2 and FY21 Highlights Net sales of $42.4 million were up 7% from last year’s pre-COVID second quarter.Sales increased for PMG, Healthcare, and Semiconductor Wafer Fabrication equipment products in the second quarter of fiscal 2021 versus the second quarter of fiscal 2020.Gross margin improved to 33.8% of net sales for the second quarter of fiscal 2021 versus 32.0% of net sales in the prior year’s second quarter.Operating expenses increased $0.3 million to $13.5 million compared to the prior year’s second quarter. Legal expenses increased by $0.3 million.Operating income was $0.9 million compared to an operating loss of $0.5 million in last year’s second quarter.Earnings per common share (d
Q1 FY25 net sales increase 2.2% YoY, the first quarterly YoY increase since Q3 FY23 Richardson Electronics ended Q1 with positive operating cash flow for the second consecutive quarter, $23.0 million in cash and cash equivalents and no debt Management expects YoY sales growth and higher profitability for FY25 LAFOX, Ill., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) today reported financial results for its first quarter ended August 31, 2024. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. "Our first quarter results are encouraging and benefited from the strategies underway to drive sales growth,
LAFOX, Ill., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) plans to release its financial results for its first quarter ended August 31, 2024 after the close of business on Wednesday, October 9, 2024. The release will be distributed by GlobeNewswire and will be available on the Company's website at www.rell.com. On Thursday, October 10, 2024, at 9:00 a.m. Central Time, Edward J. Richardson, Chairman and Chief Executive Officer, and Robert J. Ben, Chief Financial Officer, will host a conference call to discuss the Company's first quarter fiscal year 2025 results. A question-and-answer session will be included as part of the call's agenda. Participant Instruc
First year-over-year reduction in inventory since fiscal 2017, reflecting management's efforts to improve working capital levels Fourth quarter gross margin improved 320 basis points year-over-year Generated $7.2 million in operating cash flow during the fourth quarter, helping the Company end the year with $24.3 million in cash and cash equivalents and no debt Management expects to return to year-over-year sales growth and higher profitability in fiscal 2025 LAFOX, Ill., July 24, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) today reported financial results for its fourth quarter and fiscal year ended June 1, 2024. The Company also announced that its Board of Di
10-Q - RICHARDSON ELECTRONICS, LTD. (0000355948) (Filer)
8-K - RICHARDSON ELECTRONICS, LTD. (0000355948) (Filer)
DEFA14A - RICHARDSON ELECTRONICS, LTD. (0000355948) (Filer)
LAFOX, Ill. and TORRANCE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) and Navitas Semiconductor (NASDAQ:NVTS) announced today an expanded distribution partnership for next-gen silicon carbide (SiC) power semiconductors for Europe, the Middle East, and Africa (EMEA). Navitas is the only pure-play, next-generation power-semiconductor company and industry leader in next-generation GeneSiC™ silicon carbide (SiC) and GaNFast™ gallium nitride (GaN) power semiconductors. Enabled by 20 years of SiC innovation leadership, GeneSiC proprietary ‘trench-assisted planar' technology provides world-leading performance over temperature, delivering high-speed, c
LAFOX, Ill., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL), a global provider of engineered solutions for the green energy, power management, custom display, and healthcare markets, today announced that it will be presenting and hosting one-on-one meetings at the Sidoti & Company Micro-Cap Virtual Conference on November 13 to November 14, 2024. Edward J. Richardson, Chairman and CEO and Wendy Diddell, COO of Richardson Electronics, Ltd., will be giving a formal presentation and answering questions from investors on Thursday, November 14 at 10:45 A.M. ET / 9:45 A.M. CT. To register for the presentation or one-on-one meetings visit: https://sidoti.com/events.
Q1 FY25 net sales increase 2.2% YoY, the first quarterly YoY increase since Q3 FY23 Richardson Electronics ended Q1 with positive operating cash flow for the second consecutive quarter, $23.0 million in cash and cash equivalents and no debt Management expects YoY sales growth and higher profitability for FY25 LAFOX, Ill., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) today reported financial results for its first quarter ended August 31, 2024. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. "Our first quarter results are encouraging and benefited from the strategies underway to drive sales growth,
Northland Capital initiated coverage of Richardson Elec with a rating of Outperform and set a new price target of $13.00