Mary S. Muchoney Sells 500 Shares of Littelfuse Inc. (LFUS) Stock
Littelfuse Inc. (NASDAQ:LFUS) insider Mary S. Muchoney sold 500 shares of Littelfuse stock in a transaction on Friday, November 18th. The stock was sold at an average price of $150.00, for a total value of $75,000.00. Following the sale, the insider now owns 2,597 shares in the company, valued at $389,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Littelfuse Inc. (NASDAQ:LFUS) opened at 149.72 on Thursday. The firm has a 50-day moving average price of $137.26 and a 200-day moving average price of $124.14. Littelfuse Inc. has a 52-week low of $90.61 and a 52-week high of $154.12. The stock has a market capitalization of $3.37 billion, a P/E ratio of 34.02 and a beta of 1.11.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $1.87 earnings per share for the quarter, hitting the consensus estimate of $1.87. The company had revenue of $280.30 million for the quarter, compared to the consensus estimate of $131.81 million. Littelfuse had a return on equity of 17.27% and a net margin of 10.05%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. On average, analysts predict that Littelfuse Inc. will post $6.22 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Wednesday, November 23rd will be paid a $0.33 dividend. The ex-dividend date is Monday, November 21st. This represents a $1.32 annualized dividend and a dividend yield of 0.88%. Littelfuse’s payout ratio is currently 30.00%.
A number of analysts recently commented on LFUS shares. Oppenheimer Holdings Inc. lifted their price target on Littelfuse from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, September 13th. Sidoti lowered Littelfuse from a “buy” rating to a “neutral” rating in a report on Monday. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a report on Thursday, October 13th. Finally, Robert W. Baird lifted their price target on Littelfuse from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, August 26th.
Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in Littelfuse by 81.9% in the third quarter. Victory Capital Management Inc. now owns 1,258,474 shares of the company’s stock valued at $162,103,000 after buying an additional 566,618 shares during the last quarter. Wells Fargo & Company MN increased its stake in Littelfuse by 382.9% in the third quarter. Wells Fargo & Company MN now owns 534,446 shares of the company’s stock valued at $68,842,000 after buying an additional 423,773 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in Littelfuse during the second quarter valued at $22,286,000. Jennison Associates LLC bought a new stake in Littelfuse during the third quarter valued at $18,765,000. Finally, Fisher Asset Management LLC increased its stake in Littelfuse by 59.1% in the second quarter. Fisher Asset Management LLC now owns 361,838 shares of the company’s stock valued at $42,737,000 after buying an additional 134,419 shares during the last quarter. Institutional investors own 99.11% of the company’s stock.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and electrical industries. The Company operates through three segments: Electronics, Automotive and Industrial. Its Electronics segment provides circuit protection components to manufacturers of a range of electronic products, including mobile phones, computers, liquid-crystal-display televisions, telecommunications equipment, medical devices, lighting products and white goods.
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