Littelfuse, Inc. (NASDAQ:LFUS) CAO Sells $174,314.00 in Stock

Littelfuse, Inc. (NASDAQ:LFUS) CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the transaction, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Littelfuse Stock Performance

Shares of LFUS stock opened at $235.60 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. Littelfuse, Inc. has a one year low of $222.91 and a one year high of $275.58. The business’s 50 day simple moving average is $250.22 and its 200 day simple moving average is $254.99. The stock has a market capitalization of $5.85 billion, a PE ratio of 30.28, a PEG ratio of 2.48 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.62. The company had revenue of $567.39 million during the quarter, compared to analysts’ expectations of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. Littelfuse’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.97 earnings per share. As a group, research analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Thursday, November 21st. Littelfuse’s dividend payout ratio is 35.99%.

Institutional Investors Weigh In On Littelfuse

Several institutional investors and hedge funds have recently made changes to their positions in the business. Chesapeake Capital Corp IL acquired a new position in Littelfuse in the third quarter valued at approximately $570,000. Thrivent Financial for Lutherans lifted its position in shares of Littelfuse by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock valued at $73,781,000 after acquiring an additional 3,831 shares during the period. Victory Capital Management Inc. boosted its stake in Littelfuse by 13.2% during the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock worth $128,179,000 after acquiring an additional 58,529 shares in the last quarter. Federated Hermes Inc. grew its holdings in Littelfuse by 3.4% in the second quarter. Federated Hermes Inc. now owns 209,976 shares of the technology company’s stock worth $53,668,000 after purchasing an additional 6,814 shares during the period. Finally, Raymond James & Associates increased its stake in Littelfuse by 36.1% in the second quarter. Raymond James & Associates now owns 50,874 shares of the technology company’s stock valued at $13,003,000 after purchasing an additional 13,495 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LFUS. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a report on Thursday, October 17th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Robert W. Baird lifted their target price on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Littelfuse presently has an average rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.