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

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

Littelfuse Stock Up 1.9 %

Shares of NASDAQ LFUS opened at $257.49 on Wednesday. Littelfuse, Inc. has a one year low of $212.80 and a one year high of $309.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.44. The business’s fifty day moving average price is $235.52 and its 200-day moving average price is $239.80. The stock has a market capitalization of $6.38 billion, a PE ratio of 29.49, a P/E/G ratio of 2.40 and a beta of 1.32.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The firm had revenue of $535.39 million for the quarter, compared to analysts’ expectations of $519.08 million. During the same quarter in the prior year, the firm earned $3.64 EPS. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, equities research analysts anticipate that Littelfuse, Inc. will post 8.59 EPS for the current year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 1.01%. Littelfuse’s dividend payout ratio (DPR) is 29.78%.

Institutional Trading of Littelfuse

A number of institutional investors have recently added to or reduced their stakes in LFUS. Norges Bank purchased a new stake in Littelfuse during the 4th quarter worth about $150,004,000. Federated Hermes Inc. raised its holdings in shares of Littelfuse by 160.0% in the 4th quarter. Federated Hermes Inc. now owns 158,506 shares of the technology company’s stock valued at $42,410,000 after acquiring an additional 97,535 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Littelfuse by 160.2% in the 4th quarter. TD Asset Management Inc now owns 113,447 shares of the technology company’s stock valued at $30,354,000 after acquiring an additional 69,842 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Littelfuse by 223.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 85,733 shares of the technology company’s stock valued at $21,203,000 after acquiring an additional 59,218 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Littelfuse by 62.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 144,473 shares of the technology company’s stock valued at $35,731,000 after acquiring an additional 55,712 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

Littelfuse Company Profile

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.