Littelfuse Inc. (LFUS) Stock Price Down 3.4%
Littelfuse Inc. (NASDAQ:LFUS) fell 3.4% during mid-day trading on Thursday . The company traded as low as $119.18 and last traded at $119.65, with a volume of 66,004 shares traded. The stock had previously closed at $123.83.
A number of brokerages have recently issued reports on LFUS. Robert W. Baird reissued a “buy” rating on shares of Littelfuse in a report on Sunday, May 8th. Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a report on Thursday, July 7th.
The company has a market cap of $2.66 billion and a P/E ratio of 32.89. The firm has a 50-day moving average of $118.87 and a 200-day moving average of $115.47.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. The business earned $271.90 million during the quarter, compared to analysts’ expectations of $271.13 million. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 earnings per share. On average, equities analysts anticipate that Littelfuse Inc. will post $5.66 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 25th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, August 23rd. This is an increase from Littelfuse’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a yield of 1.11%.
In related news, Director Anthony Grillo sold 750 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $109.77, for a total value of $82,327.50. Following the transaction, the director now directly owns 47,379 shares of the company’s stock, valued at approximately $5,200,792.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
A number of hedge funds and institutional investors have bought and sold shares of LFUS. US Bancorp DE boosted 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 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 valued at $1,552,000 after buying an additional 10,185 shares during the period. State of Tennessee Treasury Department purchased a new stake in shares of Littelfuse during the fourth quarter valued at about $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 valued at $1,995,000 after buying an additional 7,146 shares during the period. 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 valued at $2,190,000 after buying an additional 7,139 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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