Littelfuse, Inc. (NASDAQ:LFUS) Short Interest Up 6.0% in October

Littelfuse, Inc. (NASDAQ:LFUS) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 235,100 shares, an increase of 6.0% from the October 15th total of 221,700 shares. Based on an average daily volume of 91,400 shares, the short-interest ratio is presently 2.6 days. Currently, 1.0% of the company’s stock are short sold.

Insider Transactions at Littelfuse

In related news, SVP Matthew Cole sold 1,800 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $236.93, for a total value of $426,474.00. Following the completion of the transaction, the senior vice president now directly owns 5,530 shares of the company’s stock, valued at $1,310,222.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Littelfuse

Institutional investors and hedge funds have recently modified their holdings of the business. Spire Wealth Management increased its stake in Littelfuse by 87.0% during the 2nd quarter. Spire Wealth Management now owns 86 shares of the technology company’s stock worth $25,000 after acquiring an additional 40 shares during the period. Point72 Hong Kong Ltd acquired a new position in Littelfuse in the first quarter valued at about $33,000. Parallel Advisors LLC lifted its position in Littelfuse by 45.3% during the first quarter. Parallel Advisors LLC now owns 138 shares of the technology company’s stock worth $37,000 after purchasing an additional 43 shares during the period. Geneos Wealth Management Inc. grew its stake in Littelfuse by 374.1% during the second quarter. Geneos Wealth Management Inc. now owns 128 shares of the technology company’s stock worth $37,000 after buying an additional 101 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in Littelfuse in the 2nd quarter valued at about $38,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Stock Performance

Littelfuse stock traded down $0.12 during trading hours on Friday, hitting $238.30. The company had a trading volume of 55,120 shares, compared to its average volume of 89,655. Littelfuse has a one year low of $211.16 and a one year high of $309.94. The firm has a market cap of $5.93 billion, a PE ratio of 19.27, a PEG ratio of 1.70 and a beta of 1.32. The firm has a 50-day moving average of $237.12 and a 200 day moving average of $260.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.03 and a quick ratio of 2.02.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, October 31st. The technology company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.36. The company had revenue of $607.07 million for the quarter, compared to analyst estimates of $585.80 million. Littelfuse had a return on equity of 14.12% and a net margin of 12.69%. On average, sell-side analysts expect that Littelfuse will post 11.82 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 23rd will be given a $0.65 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.09%. Littelfuse’s payout ratio is presently 21.02%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Robert W. Baird dropped their price objective on Littelfuse from $300.00 to $290.00 in a research note on Thursday, October 12th. StockNews.com started coverage on Littelfuse in a research note on Thursday, October 5th. They issued a “hold” rating on the stock.

Littelfuse Company Profile

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.