Littelfuse, Inc. (LFUS) EVP Ryan K. Stafford Sells 8,027 Shares
Littelfuse, Inc. (NASDAQ:LFUS) EVP Ryan K. Stafford sold 8,027 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $223.36, for a total value of $1,792,910.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Littelfuse, Inc. (NASDAQ LFUS) opened at $221.21 on Wednesday. The company has a market capitalization of $5,525.22, a P/E ratio of 42.62, a P/E/G ratio of 2.17 and a beta of 0.99. Littelfuse, Inc. has a 12 month low of $149.81 and a 12 month high of $226.33. The company has a quick ratio of 2.90, a current ratio of 3.52 and a debt-to-equity ratio of 0.53.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.13. The business had revenue of $304.85 million during the quarter, compared to analysts’ expectations of $299.88 million. Littelfuse had a return on equity of 19.65% and a net margin of 9.78%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 EPS. research analysts expect that Littelfuse, Inc. will post 8.53 earnings per share for the current year.
Several equities research analysts recently commented on LFUS shares. BidaskClub raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Thursday, January 18th. Zacks Investment Research raised Littelfuse from a “hold” rating to a “buy” rating and set a $233.00 price target for the company in a research note on Wednesday, March 7th. Finally, ValuEngine raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $212.00.
Institutional investors have recently made changes to their positions in the business. Moody Aldrich Partners LLC boosted its position in Littelfuse by 14.8% during the third quarter. Moody Aldrich Partners LLC now owns 9,916 shares of the technology company’s stock worth $1,942,000 after purchasing an additional 1,276 shares during the period. Nationwide Fund Advisors boosted its position in Littelfuse by 1.9% during the third quarter. Nationwide Fund Advisors now owns 105,823 shares of the technology company’s stock worth $20,729,000 after purchasing an additional 2,000 shares during the period. Ameriprise Financial Inc. boosted its position in Littelfuse by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 99,366 shares of the technology company’s stock worth $19,465,000 after purchasing an additional 3,250 shares during the period. California Public Employees Retirement System boosted its position in Littelfuse by 7.3% during the third quarter. California Public Employees Retirement System now owns 61,574 shares of the technology company’s stock worth $12,061,000 after purchasing an additional 4,174 shares during the period. Finally, Allianz Asset Management GmbH bought a new stake in Littelfuse during the third quarter worth approximately $33,900,000. 94.58% of the stock is owned by hedge funds and other institutional investors.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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