On October 15, 2024, James Benham, Director at Richardson Electronics Ltd (RELL, Financial), purchased 4,500 shares of the company, as reported in a recent SEC Filing. This transaction increased the insider's holdings to 13,706 shares.
Richardson Electronics Ltd is engaged in providing engineered solutions, power grid and microwave tubes, and related consumables. The company operates through various segments, including Power and Microwave Technologies, which provides engineered solutions and distributes electronic components to customers in alternative energy, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets.
Over the past year, James Benham has bought a total of 9,500 shares and has not sold any shares. The recent purchase reflects a continuing trend of insider buying at Richardson Electronics Ltd, with a total of 9 insider buys and 3 insider sells over the past year.
Shares of Richardson Electronics Ltd were priced at $13.29 on the day of the transaction. The company currently has a market cap of approximately $193.994 million.
According to GF Value, the stock is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.13. The GF Value of $11.77 is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider activity might be of interest to investors looking for signals on the direction of Richardson Electronics Ltd, considering the insider's increasing stake in the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
