Littelfuse, Inc. (NASDAQ:LFUS) Short Interest Update

Littelfuse, Inc. (NASDAQ:LFUS) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 437,200 shares, a drop of 8.2% from the September 15th total of 476,500 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 108,100 shares, the short-interest ratio is currently 4.0 days.

Wall Street Analyst Weigh In

Several brokerages have commented on LFUS. TD Cowen lifted their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Robert W. Baird lifted their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and lifted their price objective for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $278.75.

Insider Buying and Selling

In related news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the sale, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO David W. Heinzmann sold 2,091 shares of Littelfuse stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,383,971.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the sale, the senior vice president now owns 5,522 shares of the company’s stock, valued at approximately $1,358,522.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,028 shares of company stock worth $4,356,035 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Littelfuse

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hunter Perkins Capital Management LLC increased its holdings in Littelfuse by 7.4% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 4,355 shares of the technology company’s stock worth $1,155,000 after acquiring an additional 300 shares in the last quarter. Cabot Wealth Management Inc. increased its holdings in Littelfuse by 1.9% in the 3rd quarter. Cabot Wealth Management Inc. now owns 5,454 shares of the technology company’s stock worth $1,447,000 after acquiring an additional 101 shares in the last quarter. Creative Planning increased its holdings in Littelfuse by 32.0% in the 3rd quarter. Creative Planning now owns 3,567 shares of the technology company’s stock worth $946,000 after acquiring an additional 865 shares in the last quarter. Procyon Advisors LLC purchased a new stake in Littelfuse in the 3rd quarter worth $211,000. Finally, Ayrshire Capital Management LLC grew its holdings in shares of Littelfuse by 1.7% during the third quarter. Ayrshire Capital Management LLC now owns 23,540 shares of the technology company’s stock worth $6,244,000 after buying an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Price Performance

NASDAQ:LFUS opened at $256.77 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 2.42. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. The company has a 50 day moving average price of $258.39 and a 200-day moving average price of $253.33. Littelfuse has a 1-year low of $212.80 and a 1-year high of $275.58.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.22. The firm had revenue of $558.49 million during the quarter, compared to analyst estimates of $540.35 million. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The business’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.12 EPS. Equities research analysts forecast that Littelfuse will post 8.18 EPS for the current year.

Littelfuse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.09%. The ex-dividend date was Thursday, August 22nd. This is a positive change from Littelfuse’s previous quarterly dividend of $0.65. Littelfuse’s payout ratio is presently 32.07%.

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.