Insider Selling: Littelfuse, Inc. (NASDAQ:LFUS) Director Sells 2,343 Shares of Stock

Key Points

• Director T J. Chung of Littelfuse, Inc. sold 2,343 shares at an average price of $246.11, resulting in a total transaction value of $576,635.73, decreasing his holdings by 11.12%.
• Littelfuse recently announced a quarterly dividend increase from $0.70 to $0.75 per share, with a dividend yield of 1.2%.
• The company's latest quarterly earnings surpassed expectations, reporting $2.85 EPS and a revenue of $613.41 million, reflecting a 9.8% year-over-year increase.

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) Director T J. Chung sold 2,343 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $246.11, for a total value of $576,635.73. Following the completion of the sale, the director directly owned 18,730 shares of the company's stock, valued at $4,609,640.30. The trade was a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Littelfuse Price Performance

Shares of NASDAQ LFUS traded down $5.69 during mid-day trading on Friday, reaching $250.64. The company had a trading volume of 93,223 shares, compared to its average volume of 219,282. The company has a current ratio of 4.06, a quick ratio of 2.98 and a debt-to-equity ratio of 0.30. The stock has a market cap of $6.21 billion, a PE ratio of 52.22, a P/E/G ratio of 2.15 and a beta of 1.41. The company has a 50-day moving average price of $235.14 and a two-hundred day moving average price of $215.82. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year high of $275.56.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.35 by $0.50. The business had revenue of $613.41 million during the quarter, compared to analysts' expectations of $571.04 million. Littelfuse had a return on equity of 9.74% and a net margin of 5.30%. Littelfuse's revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.97 earnings per share. On average, equities analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 21st. This is a positive change from Littelfuse's previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 1.2%. Littelfuse's payout ratio is 58.33%.

Institutional Trading of Littelfuse

A number of institutional investors have recently bought and sold shares of LFUS. Teacher Retirement System of Texas increased its stake in shares of Littelfuse by 80.5% in the first quarter. Teacher Retirement System of Texas now owns 5,023 shares of the technology company's stock worth $988,000 after purchasing an additional 2,240 shares during the period. Millennium Management LLC grew its stake in shares of Littelfuse by 806.0% in the 4th quarter. Millennium Management LLC now owns 19,253 shares of the technology company's stock valued at $4,537,000 after purchasing an additional 17,128 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Littelfuse by 1.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 137,047 shares of the technology company's stock worth $26,963,000 after acquiring an additional 2,571 shares in the last quarter. Palisade Capital Management LP boosted its holdings in shares of Littelfuse by 6.5% in the 1st quarter. Palisade Capital Management LP now owns 183,400 shares of the technology company's stock worth $36,082,000 after acquiring an additional 11,157 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Littelfuse by 206.4% during the 1st quarter. GAMMA Investing LLC now owns 576 shares of the technology company's stock worth $113,000 after buying an additional 388 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

Analysts Set New Price Targets

LFUS has been the subject of a number of analyst reports. Wall Street Zen raised Littelfuse from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research report on Wednesday, May 28th. Oppenheimer lowered their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Robert W. Baird lifted their price target on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Littelfuse currently has a consensus rating of "Moderate Buy" and an average target price of $234.50.

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.