Insider Selling: Littelfuse, Inc. (LFUS) SVP Sells $34,089.00 in Stock
Littelfuse, Inc. (NASDAQ:LFUS) SVP Matthew Cole sold 150 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $227.26, for a total transaction of $34,089.00. Following the completion of the sale, the senior vice president now directly owns 4,163 shares of the company’s stock, valued at approximately $946,083.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NASDAQ LFUS traded up $0.04 during midday trading on Friday, hitting $219.09. The company’s stock had a trading volume of 106,943 shares, compared to its average volume of 195,960. Littelfuse, Inc. has a 1-year low of $166.40 and a 1-year high of $238.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 3.59. The firm has a market capitalization of $5.49 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, August 1st. The technology company reported $2.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.18. Littelfuse had a net margin of 7.36% and a return on equity of 18.22%. The business had revenue of $459.20 million during the quarter, compared to analyst estimates of $458.84 million. During the same period in the previous year, the business posted $2.10 EPS. The company’s quarterly revenue was up 46.5% on a year-over-year basis. equities analysts forecast that Littelfuse, Inc. will post 9.57 earnings per share for the current year.
Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Tuesday, June 19th. Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $257.00 price target for the company in a report on Thursday, July 19th. ValuEngine raised shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Thursday, May 3rd. Finally, Barrington Research reaffirmed a “hold” rating on shares of Littelfuse in a report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $224.00.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Summit Trail Advisors LLC boosted its stake in Littelfuse by 12,458.6% during the 1st quarter. Summit Trail Advisors LLC now owns 126,088 shares of the technology company’s stock valued at $126,000 after purchasing an additional 125,084 shares during the period. Intrust Bank NA acquired a new position in Littelfuse during the 1st quarter valued at about $203,000. Cigna Investments Inc. New acquired a new position in Littelfuse during the 1st quarter valued at about $205,000. Gideon Capital Advisors Inc. acquired a new position in Littelfuse during the 2nd quarter valued at about $205,000. Finally, CIBC Asset Management Inc acquired a new position in Littelfuse during the 2nd quarter valued at about $205,000. 98.51% of the stock is owned by institutional investors and hedge funds.
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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