Littelfuse, Inc. (NASDAQ:LFUS) SVP Deepak Nayar Sells 1,305 Shares of Stock

Littelfuse, Inc. (NASDAQ:LFUS) SVP Deepak Nayar sold 1,305 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $250.25, for a total value of $326,576.25. Following the transaction, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at approximately $1,158,657.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Littelfuse Price Performance

LFUS opened at $252.64 on Tuesday. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $309.94. The stock has a 50-day moving average price of $235.15 and a 200-day moving average price of $239.58. The firm has a market cap of $6.26 billion, a PE ratio of 28.94, a P/E/G ratio of 2.40 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.44.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The business had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. During the same period in the previous year, the company earned $3.64 earnings per share. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. Sell-side analysts predict that Littelfuse, Inc. will post 8.59 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.65 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $2.60 annualized dividend and a yield of 1.03%. Littelfuse’s dividend payout ratio is 29.78%.

Institutional Trading of Littelfuse

A number of institutional investors and hedge funds have recently modified their holdings of the business. Freedom Day Solutions LLC bought a new stake in Littelfuse in the 4th quarter worth about $1,568,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Littelfuse by 41.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,313 shares of the technology company’s stock valued at $12,124,000 after acquiring an additional 13,366 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Littelfuse by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 421,392 shares of the technology company’s stock worth $112,748,000 after acquiring an additional 19,435 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Littelfuse by 11.8% during the third quarter. Hsbc Holdings PLC now owns 1,016 shares of the technology company’s stock valued at $251,000 after purchasing an additional 107 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Littelfuse by 160.0% during the fourth quarter. Federated Hermes Inc. now owns 158,506 shares of the technology company’s stock valued at $42,410,000 after purchasing an additional 97,535 shares during the period. Institutional investors own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price target for the company. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Thursday, May 2nd. Finally, StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th.

About Littelfuse

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, 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.