Littelfuse, Inc. (NASDAQ:LFUS) CAO Jeffrey G. Gorski sold 600 shares of Littelfuse stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $183.93, for a total value of $110,358.00. Following the completion of the transaction, the chief accounting officer now owns 3,312 shares of the company’s stock, valued at approximately $609,176.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
LFUS stock opened at $183.81 on Friday. The business has a 50 day moving average price of $181.05 and a 200 day moving average price of $174.45. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.48 and a beta of 1.05. Littelfuse, Inc. has a fifty-two week low of $149.80 and a fifty-two week high of $206.00. The company has a quick ratio of 3.09, a current ratio of 4.05 and a debt-to-equity ratio of 0.47.
Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, October 30th. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.23. The firm had revenue of $362.00 million during the quarter, compared to analysts’ expectations of $372.14 million. Littelfuse had a return on equity of 12.62% and a net margin of 9.51%. The firm’s revenue was down 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.49 earnings per share. As a group, sell-side analysts anticipate that Littelfuse, Inc. will post 6.8 EPS for the current year.
LFUS has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective on Littelfuse from $170.00 to $165.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. ValuEngine upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Robert W. Baird cut Littelfuse from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $193.00 to $171.00 in a research note on Thursday, August 1st. Oppenheimer cut Littelfuse from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 31st. Finally, Zacks Investment Research upgraded Littelfuse from a “sell” rating to a “hold” rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Littelfuse has an average rating of “Buy” and an average target price of $195.86.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LFUS. FMR LLC increased its position in Littelfuse by 12,836.6% during the first quarter. FMR LLC now owns 26,520 shares of the technology company’s stock worth $4,839,000 after buying an additional 26,315 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in Littelfuse by 8.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 25,995 shares of the technology company’s stock worth $4,743,000 after buying an additional 2,085 shares during the period. Private Trust Co. NA increased its position in Littelfuse by 12.9% during the second quarter. Private Trust Co. NA now owns 3,123 shares of the technology company’s stock worth $552,000 after buying an additional 358 shares during the period. Zions Bancorporation N.A. acquired a new position in Littelfuse during the second quarter worth approximately $210,000. Finally, Sanders Morris Harris LLC acquired a new position in Littelfuse during the second quarter worth approximately $533,000. 99.37% of the stock is currently owned by institutional investors.
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and 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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