Littelfuse Inc. (LFUS) Director T J. Chung Sells 2,862 Shares
Littelfuse Inc. (NASDAQ:LFUS) Director T J. Chung sold 2,862 shares of the firm’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $150.00, for a total value of $429,300.00. Following the completion of the sale, the director now directly owns 21,194 shares in the company, valued at $3,179,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Littelfuse Inc. (NASDAQ:LFUS) traded down 0.73% during midday trading on Tuesday, hitting $149.01. 110,722 shares of the company traded hands. The stock’s 50-day moving average price is $138.88 and its 200 day moving average price is $124.92. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 33.86 and a beta of 1.11. Littelfuse Inc. has a 12-month low of $90.61 and a 12-month high of $155.00.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $1.87 EPS for the quarter, hitting the consensus estimate of $1.87. Littelfuse had a net margin of 10.05% and a return on equity of 17.27%. The firm had revenue of $280.30 million for the quarter, compared to analysts’ expectations of $131.81 million. During the same period in the previous year, the firm posted $1.43 EPS. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, equities analysts forecast that Littelfuse Inc. will post $6.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Wednesday, November 23rd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, November 21st. This represents a $1.32 annualized dividend and a yield of 0.87%. Littelfuse’s dividend payout ratio (DPR) is presently 30.00%.
Large investors have recently modified their holdings of the company. Geneva Advisors LLC boosted its stake in shares of Littelfuse by 0.3% in the second quarter. Geneva Advisors LLC now owns 5,529 shares of the company’s stock valued at $653,000 after buying an additional 15 shares during the period. M&T Bank Corp boosted its stake in shares of Littelfuse by 0.9% in the second quarter. M&T Bank Corp now owns 2,436 shares of the company’s stock valued at $288,000 after buying an additional 21 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Littelfuse by 2.7% in the second quarter. Public Employees Retirement System of Ohio now owns 845 shares of the company’s stock valued at $100,000 after buying an additional 22 shares during the period. Dean Investment Associates LLC boosted its stake in shares of Littelfuse by 0.9% in the third quarter. Dean Investment Associates LLC now owns 4,240 shares of the company’s stock valued at $546,000 after buying an additional 36 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Littelfuse by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 9,550 shares of the company’s stock valued at $1,129,000 after buying an additional 50 shares during the period. 99.14% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the company. Sidoti downgraded Littelfuse from a “buy” rating to a “neutral” rating in a research report on Monday, November 21st. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $155.00 price target (up from $145.00) on shares of Littelfuse in a research report on Tuesday, November 1st. Zacks Investment Research raised Littelfuse from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research report on Thursday, October 13th. Finally, Robert W. Baird raised their price target on Littelfuse from $128.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, August 26th.
Littelfuse Company Profile
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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