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 business’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $150.00, for a total transaction of $429,300.00. Following the sale, the director now directly owns 21,194 shares in the company, valued at $3,179,100. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Littelfuse Inc. (NASDAQ:LFUS) traded down 0.73% on Tuesday, reaching $149.01. 110,722 shares of the company were exchanged. The company’s 50 day moving average is $138.88 and its 200 day moving average is $124.92. Littelfuse Inc. has a 12-month low of $90.61 and a 12-month high of $155.00. The firm has a market capitalization of $3.36 billion, a PE ratio of 33.86 and a beta of 1.11.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Thursday, November 3rd. The company reported $1.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.87. Littelfuse had a net margin of 10.05% and a return on equity of 17.27%. The company had revenue of $280.30 million for the quarter, compared to analyst estimates of $131.81 million. During the same period last year, the firm earned $1.43 earnings per share. The firm’s revenue was up 30.1% on a year-over-year basis. Analysts forecast that Littelfuse Inc. will post $6.22 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Wednesday, November 23rd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.87%. The ex-dividend date is Monday, November 21st. Littelfuse’s dividend payout ratio is 30.00%.
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LFUS has been the topic of several recent analyst reports. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $155.00 price objective (up from $145.00) on shares of Littelfuse in a research note on Tuesday, November 1st. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research note on Thursday, October 13th. Sidoti lowered shares of Littelfuse from a “buy” rating to a “neutral” rating in a research note on Monday, November 21st. Finally, Robert W. Baird boosted their price objective on shares of Littelfuse from $128.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th.
A number of hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Littelfuse by 12.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 828 shares of the company’s stock valued at $107,000 after buying an additional 89 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Littelfuse by 12.8% in the third quarter. Advisor Group Inc. now owns 880 shares of the company’s stock valued at $111,000 after buying an additional 100 shares in the last quarter. Invictus RG bought a new stake in shares of Littelfuse during the second quarter valued at approximately $187,000. Finally, Bessemer Group Inc. raised its stake in shares of Littelfuse by 91.4% in the second quarter. Bessemer Group Inc. now owns 1,860 shares of the company’s stock valued at $220,000 after buying an additional 888 shares in the last quarter. 99.14% of the stock is currently owned by institutional investors and hedge funds.
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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