Littelfuse Inc. (LFUS) Shares Gap Up to $120.97
Littelfuse Inc. (NASDAQ:LFUS)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $120.78, but opened at $120.97. Littelfuse shares last traded at $122.84, with a volume of 48,821 shares traded.
A number of equities research analysts have weighed in on the stock. Oppenheimer Holdings Inc. lifted their price target on shares of Littelfuse from $124.00 to $138.00 and gave the company an “outperform” rating in a research report on Tuesday, March 29th. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Saturday, April 16th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Littelfuse in a research report on Sunday, May 8th.
The company has a market capitalization of $2.78 billion and a price-to-earnings ratio of 34.48. The firm’s 50 day moving average price is $117.96 and its 200 day moving average price is $114.50.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Thursday, May 5th. The company reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.11. During the same period last year, the company earned $1.08 earnings per share. The company had revenue of $219.40 million for the quarter, compared to analyst estimates of $215.94 million. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Littelfuse Inc. will post $5.67 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 25th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, August 23rd. This is a boost from Littelfuse’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a yield of 1.06%.
In related news, Director Anthony Grillo sold 750 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $109.77, for a total value of $82,327.50. Following the sale, the director now directly owns 47,379 shares of the company’s stock, valued at approximately $5,200,792.83. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
A number of large investors have modified their holdings of the stock. US Bancorp DE boosted its stake in shares of Littelfuse by 11.1% in the fourth quarter. US Bancorp DE now owns 10,936 shares of the company’s stock worth $1,170,000 after buying an additional 1,096 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Littelfuse by 235.9% in the fourth quarter. GSA Capital Partners LLP now owns 14,502 shares of the company’s stock worth $1,552,000 after buying an additional 10,185 shares during the last quarter. State of Tennessee Treasury Department acquired a new stake in shares of Littelfuse during the fourth quarter worth approximately $1,883,000. State of Wisconsin Investment Board boosted its stake in shares of Littelfuse by 62.1% in the fourth quarter. State of Wisconsin Investment Board now owns 18,645 shares of the company’s stock worth $1,995,000 after buying an additional 7,146 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Littelfuse by 53.6% in the fourth quarter. First Trust Advisors LP now owns 20,462 shares of the company’s stock worth $2,190,000 after buying an additional 7,139 shares during the last quarter.
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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