Littelfuse, Inc. (NASDAQ:LFUS) SVP Matthew Cole sold 150 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $169.23, for a total transaction of $25,384.50. Following the completion of the sale, the senior vice president now directly owns 3,985 shares in the company, valued at $674,381.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Littelfuse, Inc. (NASDAQ:LFUS) traded down 0.23% on Friday, reaching $162.65. 205,289 shares of the company were exchanged. Littelfuse, Inc. has a 12-month low of $112.13 and a 12-month high of $173.13. The firm has a market capitalization of $3.69 billion, a PE ratio of 29.89 and a beta of 0.90. The company’s 50 day moving average is $163.24 and its 200 day moving average is $157.94.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, May 3rd. The technology company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.64 by $0.05. The business had revenue of $285.44 million for the quarter, compared to analyst estimates of $284.95 million. Littelfuse had a net margin of 11.06% and a return on equity of 18.47%. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Analysts forecast that Littelfuse, Inc. will post $7.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 8th. Shareholders of record on Thursday, May 25th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Tuesday, May 23rd. Littelfuse’s dividend payout ratio is 24.31%.
A number of hedge funds have recently made changes to their positions in LFUS. Asset Management One Co. Ltd. bought a new stake in shares of Littelfuse during the fourth quarter valued at approximately $161,000. Pitcairn Co. acquired a new stake in Littelfuse during the fourth quarter valued at about $214,000. World Asset Management Inc raised its stake in Littelfuse by 2.4% in the first quarter. World Asset Management Inc now owns 1,393 shares of the technology company’s stock valued at $223,000 after buying an additional 32 shares during the period. Miles Capital Inc. acquired a new stake in Littelfuse during the fourth quarter valued at about $225,000. Finally, Forward Management LLC raised its stake in Littelfuse by 6.4% in the first quarter. Forward Management LLC now owns 1,674 shares of the technology company’s stock valued at $268,000 after buying an additional 100 shares during the period. 95.24% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Friday, April 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $162.25.
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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