Littelfuse Inc. (LFUS) Stock Price Down 3.4%
Littelfuse Inc. (NASDAQ:LFUS)’s share price was down 3.4% during trading on Thursday . The company traded as low as $119.18 and last traded at $119.65, with a volume of 66,004 shares. The stock had previously closed at $123.83.
A number of brokerages have issued reports on LFUS. Zacks Investment Research upgraded 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. Robert W. Baird reiterated a “buy” rating on shares of Littelfuse in a research note on Sunday, May 8th.
The firm has a market capitalization of $2.59 billion and a price-to-earnings ratio of 32.10. The stock has a 50 day moving average price of $118.82 and a 200 day moving average price of $115.45.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The firm earned $271.90 million during the quarter, compared to analysts’ expectations of $271.13 million. During the same period in the prior year, the firm posted $1.33 earnings per share. Littelfuse’s revenue for the quarter was up 22.5% compared to the same quarter last year. Equities research analysts expect that Littelfuse Inc. will post $5.66 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 25th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.14%. This is an increase from Littelfuse’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, August 23rd.
In related news, Director Anthony Grillo sold 750 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $109.77, for a total transaction of $82,327.50. Following the completion of the transaction, the director now directly owns 47,379 shares in the company, valued at $5,200,792.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Other hedge funds and institutional investors have bought and sold shares of the company. US Bancorp DE increased its position 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 in the last quarter. GSA Capital Partners LLP increased its position 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 in the last quarter. State of Tennessee Treasury Department acquired a new position in Littelfuse during the fourth quarter worth about $1,883,000. State of Wisconsin Investment Board increased its position 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 in the last quarter. Finally, First Trust Advisors LP increased its position 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 in 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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