Ryan K. Stafford Sells 2,219 Shares of Littelfuse, Inc. (NASDAQ:LFUS) Stock

Littelfuse, Inc. (NASDAQ:LFUS) EVP Ryan K. Stafford sold 2,219 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $256.33, for a total value of $568,796.27. Following the completion of the transaction, the executive vice president now owns 24,437 shares in the company, valued at $6,263,936.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Littelfuse Price Performance

Shares of Littelfuse stock traded down $0.28 on Thursday, reaching $255.71. 29,598 shares of the stock were exchanged, compared to its average volume of 148,213. Littelfuse, Inc. has a one year low of $212.80 and a one year high of $309.94. The firm’s 50 day moving average is $235.90 and its 200-day moving average is $239.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.44 and a current ratio of 3.57. The firm has a market cap of $6.34 billion, a PE ratio of 29.32, a P/E/G ratio of 2.40 and a beta of 1.32.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.01. The company had revenue of $535.39 million during the quarter, compared to the consensus estimate of $519.08 million. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The firm’s revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.64 earnings per share. As a group, analysts anticipate that Littelfuse, Inc. will post 8.59 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, May 22nd. Littelfuse’s dividend payout ratio (DPR) is presently 29.78%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Littelfuse

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Trust N.A. grew its stake in Littelfuse by 4.1% in the 4th quarter. Raymond James Trust N.A. now owns 1,156 shares of the technology company’s stock worth $309,000 after buying an additional 45 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC boosted its stake in shares of Littelfuse by 0.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 5,528 shares of the technology company’s stock valued at $1,367,000 after purchasing an additional 46 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Littelfuse by 1.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,408 shares of the technology company’s stock valued at $843,000 after buying an additional 52 shares during the period. Treasurer of the State of North Carolina lifted its position in Littelfuse by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 10,971 shares of the technology company’s stock valued at $2,713,000 after acquiring an additional 60 shares during the period. Finally, D.B. Root & Company LLC increased its stake in shares of Littelfuse by 1.6% during the fourth quarter. D.B. Root & Company LLC now owns 3,732 shares of the technology company’s stock valued at $999,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

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.