Date | Price Target | Rating | Analyst |
---|---|---|---|
4/29/2024 | $13.00 | Outperform | Northland Capital |
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
DEFA14A - RICHARDSON ELECTRONICS, LTD. (0000355948) (Filer)
DEF 14A - RICHARDSON ELECTRONICS, LTD. (0000355948) (Filer)
10-K - RICHARDSON ELECTRONICS, LTD. (0000355948) (Filer)
SC 13G/A - RICHARDSON ELECTRONICS, LTD. (0000355948) (Subject)
SC 13G/A - RICHARDSON ELECTRONICS, LTD. (0000355948) (Subject)
SC 13G - RICHARDSON ELECTRONICS, LTD. (0000355948) (Subject)
4 - RICHARDSON ELECTRONICS, LTD. (0000355948) (Issuer)
4 - RICHARDSON ELECTRONICS, LTD. (0000355948) (Issuer)
4 - RICHARDSON ELECTRONICS, LTD. (0000355948) (Issuer)
4 - RICHARDSON ELECTRONICS, LTD. (0000355948) (Issuer)
4 - RICHARDSON ELECTRONICS, LTD. (0000355948) (Issuer)
4 - RICHARDSON ELECTRONICS, LTD. (0000355948) (Issuer)
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
LAFOX, Ill., July 17, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) plans to release its financial results for its fourth quarter ended June 1, 2024 after the close of business on Wednesday, July 24, 2024. The release will be distributed by GlobeNewswire and will be available on the Company's website at www.rell.com. On Thursday, July 25, 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 fourth quarter and fiscal year 2024 results. A question-and-answer session will be included as part of the call's agenda. Participant Instructi
Sales increased 18.7% sequentially, reflecting improving business conditions. Inventory decreased $4.0 million sequentially, reflecting focus on improving working capital levels. LAFOX, Ill., April 10, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) today reported financial results for its third quarter ended March 2, 2024. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. "The sequential increase in sales and profitability is encouraging, reflecting the benefits of our diversification strategies as well as our team's focus on enhancing profitability and strengthening our balance sheet. Sales growth
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
LAFOX, Ill., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL), a global leader in engineered solutions, today announced a global distribution agreement with Quantic® Electronics ("Quantic"), a portfolio company of Arcline Investment Management. This strategic partnership encompasses Quantic's premier US-based capacitor businesses: Quantic™ Evans, Quantic™ Eulex, Quantic™ Paktron, and Quantic™ UTC. This collaboration brings together Richardson's unparalleled distribution network and Quantic's state-of-the-art capacitor technologies, significantly expanding access to mission-critical capacitors for defense, aerospace, space, communications, and industrial applic
LAFOX, Ill., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL), a global provider of engineered solutions for renewable energy and other power management applications, will be exhibiting at the WindEnergy Hamburg Event (Stand # B2.OG.165) on September 24 – 27, in Hamburg, Germany. Richardson Electronics will showcase its line of ultracapacitor pitch energy modules (ULTRAPEM™ and ULTRA3000®) and other product solutions for wind turbine platforms. These solutions will be introduced to the European market and are custom-designed for the following wind turbine technologies*: GE, Nordex, Senvion, Alstom, and Suzlon. One of the products Richardson Electronics will sho
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
Northland Capital initiated coverage of Richardson Elec with a rating of Outperform and set a new price target of $13.00