On October 16, 2024, Paul Plante, a Director at Richardson Electronics Ltd (RELL, Financial), purchased 3,823 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 13,029 shares of Richardson Electronics Ltd.
Richardson Electronics Ltd is engaged in the provision of engineered solutions, serving the electron device and display systems markets. The company designs, manufactures, and distributes a wide range of products, including power grid and microwave tubes, high voltage capacitors, and display monitors.
Over the past year, Paul Plante has increased his holdings in the company by purchasing a total of 8,823 shares. This recent acquisition is part of a broader trend of insider buying at Richardson Electronics Ltd, with 12 insider buys recorded over the past year, compared to 3 insider sells.
Shares of Richardson Electronics Ltd were priced at $13.33 on the day of the transaction. The company has a market cap of approximately $194.425 million.
According to the GF Value, the intrinsic value of the stock is estimated at $11.78, placing the stock in the Modestly Overvalued category with a price-to-GF-Value ratio of 1.13. The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for expected future business performance.
This insider buying activity may be of interest to investors looking for signals from company directors regarding the valuation and future prospects of Richardson Electronics Ltd.
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.
