Insider Selling: Philip Franklin Unloads 7,000 Shares of Littelfuse Stock (LFUS)
Littelfuse (NASDAQ:LFUS) CFO Philip Franklin sold 7,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $78.01, for a total value of $546,070.00. Following the completion of the sale, the chief financial officer now directly owns 47,475 shares of the company’s stock, valued at approximately $3,703,525. The transaction was disclosed in a filing with the SEC, which is available at this link.
Littelfuse (NASDAQ:LFUS) traded down 0.46% during mid-day trading on Wednesday, hitting $77.56. The stock had a trading volume of 34,405 shares. Littelfuse has a 52-week low of $47.75 and a 52-week high of $83.79. The stock’s 50-day moving average is $77.43 and its 200-day moving average is $75.03. The company has a market cap of $1.736 billion and a price-to-earnings ratio of 22.80.
Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, July 31st. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.12 by $0.03. The company had revenue of $187.77 million for the quarter, compared to the consensus estimate of $187.36 million. During the same quarter in the prior year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Littelfuse will post $4.33 EPS for the current fiscal year.
A number of research firms have recently commented on LFUS. Analysts at Barrington Research initiated coverage on shares of Littelfuse in a research note to investors on Tuesday, October 8th. They set a “market perform” rating on the stock. Separately, analysts at Oppenheimer initiated coverage on shares of Littelfuse in a research note to investors on Thursday, October 3rd. They set a “market perform” rating and a $83.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Littelfuse from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 5th. They now have a $86.30 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $84.43.
Littelfuse, Inc and its subsidiaries (NASDAQ:LFUS), is a supplier of circuit protection products for the electronics, automotive and electrical industries.
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