Insider Selling: Littelfuse VP Unloads $202,290 in Stock (LFUS)
Littelfuse (NASDAQ:LFUS) VP Ryan K. Stafford unloaded 2,200 shares of the company’s stock on the open market in a transaction dated Monday, June 23rd. The shares were sold at an average price of $91.95, for a total value of $202,290.00. Following the transaction, the vice president now directly owns 11,693 shares in the company, valued at approximately $1,075,171. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Littelfuse (NASDAQ:LFUS) traded up 0.64% on Tuesday, hitting $92.26. The stock had a trading volume of 116,949 shares. Littelfuse has a one year low of $71.38 and a one year high of $99.46. The stock’s 50-day moving average is $89.13 and its 200-day moving average is $91.64. The company has a market cap of $2.077 billion and a price-to-earnings ratio of 20.18.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.10. The company had revenue of $206.90 million for the quarter, compared to the consensus estimate of $202.14 million. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. Analysts expect that Littelfuse will post $5.00 EPS for the current fiscal year.
Separately, analysts at Robert W. Baird raised their price target on shares of Littelfuse from $94.00 to $99.00 in a research note on Friday, April 11th.
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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