Littelfuse, Inc. (NASDAQ:LFUS) SVP Sells $326,576.25 in Stock

Littelfuse, Inc. (NASDAQ:LFUS) SVP Deepak Nayar sold 1,305 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $250.25, for a total transaction of $326,576.25. Following the transaction, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at $1,158,657.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Littelfuse Price Performance

NASDAQ LFUS opened at $257.49 on Wednesday. The company has a current ratio of 3.57, a quick ratio of 2.44 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 12 month low of $212.80 and a 12 month high of $309.94. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 2.40 and a beta of 1.32. The company’s 50 day moving average is $235.52 and its two-hundred day moving average is $239.80.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The firm had revenue of $535.39 million for the quarter, compared to the consensus estimate of $519.08 million. During the same period last year, the firm earned $3.64 EPS. The company’s revenue was down 12.2% on a year-over-year basis. As a group, research analysts anticipate that Littelfuse, Inc. will post 8.59 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, May 22nd. Littelfuse’s dividend payout ratio is currently 29.78%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Littelfuse in the fourth quarter worth $150,004,000. Federated Hermes Inc. increased its holdings in Littelfuse by 160.0% in the 4th quarter. Federated Hermes Inc. now owns 158,506 shares of the technology company’s stock valued at $42,410,000 after acquiring an additional 97,535 shares during the last quarter. TD Asset Management Inc lifted its stake in Littelfuse by 160.2% in the 4th quarter. TD Asset Management Inc now owns 113,447 shares of the technology company’s stock worth $30,354,000 after purchasing an additional 69,842 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Littelfuse by 223.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 85,733 shares of the technology company’s stock valued at $21,203,000 after purchasing an additional 59,218 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Littelfuse by 62.8% during the third quarter. Envestnet Asset Management Inc. now owns 144,473 shares of the technology company’s stock valued at $35,731,000 after purchasing an additional 55,712 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on LFUS. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group began coverage on Littelfuse in a report on Tuesday, April 9th. They issued a “hold” rating and a $260.00 target price on the stock.

About Littelfuse

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.