Littelfuse Inc. (LFUS) Reaches New 52-Week 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. The stock had previously closed at $124.13.
A number of equities research analysts recently weighed in on LFUS shares. Robert W. Baird reissued a “buy” rating on shares of Littelfuse in a research note on Sunday, May 8th. Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research note on Saturday, April 16th.
The company’s 50 day moving average is $118.29 and its 200 day moving average is $114.76. The stock has a market capitalization of $2.80 billion and a PE ratio of 34.73.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Thursday, May 5th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.11. The firm had revenue of $219.40 million for the quarter, compared to analyst estimates of $215.94 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts forecast that Littelfuse Inc. will post $5.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 1.06%. This is a boost from Littelfuse’s previous quarterly dividend of $0.29.
In other Littelfuse 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 transaction of $82,327.50. Following the sale, the director now directly owns 47,379 shares in the company, valued at $5,200,792.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several large investors recently bought and sold shares of the stock. US Bancorp DE increased its stake in 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 increased its stake in 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 bought a new stake in Littelfuse during the fourth quarter worth $1,883,000. State of Wisconsin Investment Board increased its stake in 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 increased its stake in 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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