Littelfuse, Inc. (NASDAQ:LFUS) Short Interest Update

Littelfuse, Inc. (NASDAQ:LFUSGet Free Report) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 271,200 shares, a drop of 6.0% from the December 31st total of 288,500 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 109,700 shares, the short-interest ratio is presently 2.5 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, January 27th. Robert W. Baird dropped their price objective on shares of Littelfuse from $300.00 to $290.00 in a report on Thursday, October 12th.

Get Our Latest Stock Analysis on Littelfuse

Littelfuse Stock Up 0.5 %

Littelfuse stock opened at $243.13 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.02 and a current ratio of 3.03. Littelfuse has a 52-week low of $212.80 and a 52-week high of $309.94. The firm has a 50 day moving average price of $248.55 and a two-hundred day moving average price of $251.00. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.68 and a beta of 1.33.

Littelfuse (NASDAQ:LFUSGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.02. Littelfuse had a net margin of 10.98% and a return on equity of 12.51%. The firm had revenue of $533.80 million during the quarter, compared to analyst estimates of $535.76 million. During the same quarter last year, the business earned $3.34 EPS. The company’s revenue was down 12.9% compared to the same quarter last year. Equities analysts predict that Littelfuse will post 12.02 EPS for the current year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.60 annualized dividend and a yield of 1.07%. Littelfuse’s payout ratio is 21.02%.

Insider Activity

In related news, SVP Matthew Cole sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $236.93, for a total value of $426,474.00. Following the completion of the transaction, the senior vice president now owns 5,530 shares in the company, valued at approximately $1,310,222.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Littelfuse

Large investors have recently modified their holdings of the stock. Spire Wealth Management grew its position in shares of Littelfuse by 87.0% during the 2nd quarter. Spire Wealth Management now owns 86 shares of the technology company’s stock worth $25,000 after buying an additional 40 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in Littelfuse in the 3rd quarter valued at $27,000. Point72 Hong Kong Ltd acquired a new stake in Littelfuse in the 1st quarter valued at $33,000. Geneos Wealth Management Inc. grew its position in Littelfuse by 374.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 128 shares of the technology company’s stock valued at $37,000 after purchasing an additional 101 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in Littelfuse in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

About Littelfuse

(Get Free Report)

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.

Further Reading

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