Franklin Resources Inc. Has $2,239,000 Stake in Richardson Electronics, Ltd. (RELL)
Franklin Resources Inc. continued to hold its position in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 375,000 shares of the technology company’s stock at the close of the second quarter. Franklin Resources Inc. owned 2.92% of Richardson Electronics worth $2,239,000 at the end of the most recent quarter.
Separately, Marquette Asset Management Inc. increased its holdings in shares of Richardson Electronics by 9.5% in the second quarter. Marquette Asset Management Inc. now owns 50,378 shares of the technology company’s stock worth $301,000 after purchasing an additional 4,363 shares during the period. Hedge funds and other institutional investors own 48.89% of the company’s stock.
Richardson Electronics, Ltd. (NASDAQ:RELL) opened at 5.97 on Friday. Richardson Electronics, Ltd. has a 12-month low of $5.31 and a 12-month high of $7.09. The stock has a 50 day moving average of $5.67 and a 200 day moving average of $5.88. The company’s market cap is $76.70 million.
Richardson Electronics (NASDAQ:RELL) last released its earnings results on Wednesday, July 19th. The technology company reported ($0.01) earnings per share for the quarter. Richardson Electronics had a negative net margin of 5.06% and a negative return on equity of 5.18%. The firm had revenue of $37.36 million for the quarter. Equities analysts expect that Richardson Electronics, Ltd. will post ($0.30) earnings per share for the current year.
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Richardson Electronics Profile
Richardson Electronics, Ltd. is a provider of engineered solutions, power grid and microwave tubes, and related consumables; power conversion, and radio frequency (RF) and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment, and customized display solutions.
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