Littelfuse, Inc. (NASDAQ:LFUS) Director John E. Major purchased 61 shares of Littelfuse stock in a transaction dated Monday, December 9th. The shares were bought at an average price of $183.91 per share, with a total value of $11,218.51. Following the completion of the transaction, the director now owns 25,147 shares in the company, valued at approximately $4,624,784.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ LFUS opened at $186.13 on Thursday. Littelfuse, Inc. has a 52-week low of $149.80 and a 52-week high of $206.00. The firm has a fifty day moving average of $182.50 and a 200-day moving average of $173.91. The stock has a market capitalization of $4.46 billion, a PE ratio of 19.72, a P/E/G ratio of 2.45 and a beta of 1.06. The company has a quick ratio of 3.09, a current ratio of 4.05 and a debt-to-equity ratio of 0.47.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.23. Littelfuse had a net margin of 9.51% and a return on equity of 12.62%. The company had revenue of $362.00 million during the quarter, compared to analysts’ expectations of $372.14 million. During the same period in the previous year, the company earned $2.49 EPS. The business’s quarterly revenue was down 17.6% compared to the same quarter last year. Equities research analysts expect that Littelfuse, Inc. will post 6.8 EPS for the current fiscal year.
Several research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on Littelfuse in a research report on Thursday, October 3rd. They set a “buy” rating and a $215.00 price objective for the company. Oppenheimer downgraded Littelfuse from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 31st. BidaskClub downgraded Littelfuse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 4th. Zacks Investment Research upgraded Littelfuse from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Cowen cut their price target on Littelfuse from $200.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $201.00.
Institutional investors have recently made changes to their positions in the stock. Doyle Wealth Management purchased a new stake in Littelfuse during the 2nd quarter worth $35,000. Institutional & Family Asset Management LLC boosted its position in Littelfuse by 35.5% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 382 shares of the technology company’s stock valued at $68,000 after buying an additional 100 shares during the last quarter. Stonebridge Capital Advisors LLC purchased a new position in Littelfuse in the 2nd quarter valued at about $106,000. Parallel Advisors LLC boosted its position in Littelfuse by 22.1% in the 2nd quarter. Parallel Advisors LLC now owns 734 shares of the technology company’s stock valued at $130,000 after buying an additional 133 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new position in Littelfuse in the 2nd quarter valued at about $193,000. 96.97% of the stock is owned by hedge funds and other institutional investors.
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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