Littelfuse, Inc. (LFUS) Short Interest Update

Littelfuse, Inc. (NASDAQ:LFUS) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 983,979 shares, a decrease of 35.2% from the January 12th total of 1,517,329 shares. Based on an average daily trading volume, of 291,947 shares, the short-interest ratio is currently 3.4 days. Approximately 4.5% of the company’s stock are short sold.

A number of equities analysts recently commented on the company. BidaskClub upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Zacks Investment Research raised Littelfuse from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Robert W. Baird reaffirmed a “buy” rating and set a $230.00 target price on shares of Littelfuse in a research report on Friday, November 3rd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $211.25.

Shares of Littelfuse (LFUS) opened at $199.48 on Monday. The stock has a market capitalization of $4,530.99, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The company has a current ratio of 3.52, a quick ratio of 2.90 and a debt-to-equity ratio of 0.53. Littelfuse has a 12-month low of $149.81 and a 12-month high of $226.33.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, January 31st. The technology company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.13. The firm had revenue of $304.85 million during the quarter, compared to analysts’ expectations of $299.88 million. Littelfuse had a return on equity of 19.65% and a net margin of 9.78%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 earnings per share. equities analysts forecast that Littelfuse will post 8.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.48 dividend on an annualized basis and a yield of 0.74%. Littelfuse’s payout ratio is currently 28.52%.

In related news, SVP Ian Highley sold 9,378 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $212.50, for a total value of $1,992,825.00. Following the transaction, the senior vice president now owns 4,121 shares in the company, valued at $875,712.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Turner Investments LLC bought a new stake in shares of Littelfuse in the third quarter valued at approximately $147,000. Advisor Group Inc. boosted its position in shares of Littelfuse by 4.6% in the second quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock valued at $187,000 after acquiring an additional 54 shares during the period. Royal Bank of Canada boosted its position in shares of Littelfuse by 63.6% in the second quarter. Royal Bank of Canada now owns 1,178 shares of the technology company’s stock valued at $194,000 after acquiring an additional 458 shares during the period. Coldstream Capital Management Inc. bought a new stake in shares of Littelfuse in the third quarter valued at approximately $204,000. Finally, Intrust Bank NA bought a new stake in shares of Littelfuse in the third quarter valued at approximately $204,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

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Littelfuse Company Profile

Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.

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