Ryan K. Stafford Sells 2,219 Shares of Littelfuse, Inc. (NASDAQ:LFUS) Stock

Littelfuse, Inc. (NASDAQ:LFUS) EVP Ryan K. Stafford sold 2,219 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $256.33, for a total value of $568,796.27. Following the sale, the executive vice president now directly owns 24,437 shares in the company, valued at $6,263,936.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Littelfuse Price Performance

LFUS opened at $255.81 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.44. The firm has a market capitalization of $6.34 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 2.40 and a beta of 1.32. The business’s 50-day moving average is $236.25 and its two-hundred day moving average is $240.02. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $309.94.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The company had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. During the same period last year, the business earned $3.64 EPS. Littelfuse’s revenue for the quarter was down 12.2% on a year-over-year basis. Research analysts anticipate that Littelfuse, Inc. will post 8.59 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.65 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $2.60 annualized dividend and a yield of 1.02%. Littelfuse’s payout ratio is presently 29.78%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LFUS. Vanguard Group Inc. boosted its position in Littelfuse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,662,648 shares of the technology company’s stock valued at $712,418,000 after buying an additional 30,356 shares during the last quarter. Norges Bank acquired a new stake in shares of Littelfuse in the fourth quarter worth $150,004,000. Victory Capital Management Inc. raised its holdings in shares of Littelfuse by 4.8% during the fourth quarter. Victory Capital Management Inc. now owns 421,392 shares of the technology company’s stock worth $112,748,000 after purchasing an additional 19,435 shares during the last quarter. Invesco Ltd. boosted its holdings in Littelfuse by 6.8% in the third quarter. Invesco Ltd. now owns 414,889 shares of the technology company’s stock valued at $102,610,000 after purchasing an additional 26,278 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Littelfuse by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 346,174 shares of the technology company’s stock worth $92,627,000 after purchasing an additional 10,770 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Company Profile

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.