Littelfuse (NASDAQ: LFUS) Reports Results
Littelfuse (NASDAQ: LFUS) released its quarterly results on Tuesday. The tech company reported EPS of $ 3.95 for the quarter, beating analyst consensus estimates of $ 3.15 by $ 0.80, MarketWatch Results reports. Littelfuse had a return on equity of 15.86% and a net margin of 14.28%. The company posted revenue of $ 539.60 million in the quarter, compared to analysts’ expectations of $ 518.81 million. In the same quarter of the previous year, the company posted earnings per share of $ 2.16. The company’s quarterly revenue increased 37.8% year-on-year. Littelfuse has updated its forecast for Q4 2021 to $ 2.800-2.960 EPS and its forecast for Q4 to $ 2.80-2.96 EPS.
The NASDAQ LFUS traded higher $ 1.85 in Wednesday’s session, reaching $ 287.27. 2,046 shares of the stock traded for an average volume of 92,255. The company has a market capitalization of $ 7.07 billion, a P / E ratio of 28.34, a price / earnings-growth ratio of 1.92 and a beta of 1.17. The company has a 50-day simple moving average of $ 276.65 and a 200-day simple moving average of $ 264.81. The company has a quick ratio of 2.60, a current ratio of 3.46 and a debt ratio of 0.36. Littelfuse has a 12 month low of $ 190.88 and a 12 month high of $ 301.23.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 2. Shareholders of record on Thursday August 19 received a dividend of $ 0.53 per share. This represents an annualized dividend of $ 2.12 and a return of 0.74%. The ex-dividend date was Wednesday August 18. This is a boost from Littelfuse’s previous quarterly dividend of $ 0.48. Littelfuse’s dividend payout ratio (DPR) is currently 33.13%.
LFUS has been the subject of several research analyst reports. Zacks investment research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a target price of $ 283.00 for the company in a research report released on Tuesday, July 13. Robert W. Baird reiterated a “buy” note and set a target price of $ 315.00 on Littelfuse shares in a research report released on Wednesday, September 15.
Separately, CAO Jeffrey G. Gorski sold 450 shares of the company in a transaction that took place on Friday August 6. The stock was sold for an average price of $ 263.25, for a total value of $ 118,462.50. Following the closing of the sale, the chief accounting officer now directly owns 2,474 shares of the company, valued at approximately $ 651,280.50. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available through the SEC website. In addition, director Gordon Hunter sold 5,000 shares of the company in a transaction that took place on Friday, October 22. The shares were sold for an average price of $ 297.00, for a total value of $ 1,485,000.00. Disclosure of this sale can be found here. Insiders have sold a total of 28,417 shares of the company valued at $ 8,067,708 in the past 90 days. 2.70% of the shares are currently held by insiders of the company.
An institutional investor recently increased its position in Littelfuse stock. Morgan Stanley increased its stake in Littelfuse, Inc. (NASDAQ: LFUS) shares by 70.6% in the second quarter, according to its latest SEC filing. The fund held 51,302 shares of the tech company after acquiring an additional 21,223 shares during the period. Morgan Stanley owned approximately 0.21% of Littelfuse valued at $ 13,071,000 at the end of the most recent quarter. Hedge funds and other institutional investors hold 93.41% of the company’s shares.
Littelfuse, Inc is engaged in the manufacture of circuit protection, power control and sensing technologies. It operates in the following segments: electronics, automotive and industrial. The Electronics segment comprises the largest and most comprehensive portfolio of overvoltage and overcurrent solutions.
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