Littelfuse, Inc. (NASDAQ:LFUS) Director Nathan Zommer sold 592 shares of Littelfuse stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $221.23, for a total value of $130,968.16. Following the transaction, the director now directly owns 461,086 shares in the company, valued at approximately $102,006,055.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Nathan Zommer also recently made the following trade(s):
- On Friday, August 31st, Nathan Zommer sold 13,741 shares of Littelfuse stock. The stock was sold at an average price of $222.38, for a total value of $3,055,723.58.
NASDAQ:LFUS opened at $219.28 on Friday. The company has a market capitalization of $5.56 billion, a PE ratio of 28.33, a P/E/G ratio of 1.93 and a beta of 0.92. The company has a current ratio of 3.59, a quick ratio of 2.69 and a debt-to-equity ratio of 0.47. Littelfuse, Inc. has a 12-month low of $182.03 and a 12-month high of $238.10.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, August 1st. The technology company reported $2.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.18. The business had revenue of $459.20 million for the quarter, compared to analyst estimates of $458.84 million. Littelfuse had a return on equity of 18.22% and a net margin of 7.36%. The company’s revenue for the quarter was up 46.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.10 earnings per share. equities analysts predict that Littelfuse, Inc. will post 9.57 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 6th. Stockholders of record on Thursday, August 23rd were issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, August 22nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.78%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.37. Littelfuse’s payout ratio is presently 22.22%.
Large investors have recently added to or reduced their stakes in the company. Gideon Capital Advisors Inc. acquired a new position in shares of Littelfuse in the second quarter valued at approximately $205,000. CIBC Asset Management Inc purchased a new stake in shares of Littelfuse in the second quarter valued at $205,000. Bremer Trust National Association purchased a new stake in shares of Littelfuse in the second quarter valued at $212,000. Visionary Asset Management Inc. purchased a new stake in shares of Littelfuse in the second quarter valued at $214,000. Finally, Cigna Investments Inc. New purchased a new stake in shares of Littelfuse in the first quarter valued at $205,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on the company. BidaskClub raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Tuesday, June 19th. Zacks Investment Research raised Littelfuse from a “hold” rating to a “buy” rating and set a $257.00 price target on the stock in a research report on Thursday, July 19th. ValuEngine lowered Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Barrington Research reaffirmed a “hold” rating on shares of Littelfuse in a research report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $224.00.
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as 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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