Littelfuse Inc. (LFUS) Reaches New 1-Year High at $124.95
Littelfuse Inc. (NASDAQ:LFUS) reached a new 52-week high on Thursday . The company traded as high as $124.95 and last traded at $124.95, with a volume of 36,428 shares trading hands. The stock had previously closed at $124.13.
A number of equities research analysts recently weighed in on LFUS shares. Zacks Investment Research lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Robert W. Baird reiterated a “buy” rating on shares of Littelfuse in a research note on Sunday, May 8th.
The company’s 50-day moving average price is $117.96 and its 200-day moving average price is $114.50. The company has a market cap of $2.80 billion and a PE ratio of 34.70.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Thursday, May 5th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.27 by $0.11. The company had revenue of $219.40 million for the quarter, compared to analyst estimates of $215.94 million. During the same quarter in the prior year, the business posted $1.08 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts predict that Littelfuse Inc. will post $5.67 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Tuesday, August 23rd. This is a positive change from Littelfuse’s previous quarterly dividend of $0.29.
In other Littelfuse news, Director Anthony Grillo sold 750 shares of Littelfuse stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $109.77, for a total value of $82,327.50. Following the completion of the sale, the director now directly owns 47,379 shares in the company, valued at $5,200,792.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Other hedge funds have bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Littelfuse by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 514,333 shares of the company’s stock worth $55,039,000 after buying an additional 9,430 shares during the period. Principal Financial Group Inc. boosted its stake in Littelfuse by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 256,865 shares of the company’s stock worth $27,487,000 after buying an additional 7,343 shares during the period. Fiduciary Management Associates LLC acquired a new stake in Littelfuse during the fourth quarter worth about $22,754,000. Aberdeen Asset Management PLC UK boosted its stake in Littelfuse by 16.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 185,792 shares of the company’s stock worth $16,991,000 after buying an additional 25,665 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Littelfuse by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 106,545 shares of the company’s stock worth $11,401,000 after buying an additional 364 shares during the period.
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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