Littelfuse (NASDAQ:LFUS) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Littelfuse, Inc. (NASDAQ:LFUS) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $398.29 and traded as high as $414.41. Littelfuse shares last traded at $404.08, with a volume of 428,159 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on LFUS shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Littelfuse in a report on Wednesday. Oppenheimer reissued an “outperform” rating on shares of Littelfuse in a report on Thursday. Zacks Research cut Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $520.00 price target on shares of Littelfuse in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $465.83.

Littelfuse Stock Down 2.7%

The company has a quick ratio of 2.00, a current ratio of 2.67 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $409.60 and a two-hundred day moving average of $398.87. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 322.20, a price-to-earnings-growth ratio of 2.13 and a beta of 1.48.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, October 28th. The technology company reported $5.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.82. The company had revenue of $795.20 million for the quarter, compared to the consensus estimate of $792.49 million. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The firm’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period last year, the company posted $2.77 EPS. As a group, sell-side analysts anticipate that Littelfuse, Inc. will post 15.78 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 19th. Littelfuse’s payout ratio is currently 262.30%.

Insider Transactions at Littelfuse

In other news, SVP David Ruppel sold 1,493 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $404.57, for a total transaction of $604,023.01. Following the completion of the sale, the senior vice president owned 4,720 shares of the company’s stock, valued at $1,909,570.40. This trade represents a 24.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Littelfuse

A number of large investors have recently bought and sold shares of LFUS. Boston Trust Walden Corp lifted its position in Littelfuse by 6.2% during the third quarter. Boston Trust Walden Corp now owns 316,840 shares of the technology company’s stock valued at $134,258,000 after purchasing an additional 18,513 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Littelfuse by 2.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,008 shares of the technology company’s stock worth $354,000 after buying an additional 26 shares during the last quarter. Provenance Wealth Advisors LLC purchased a new stake in shares of Littelfuse during the 3rd quarter valued at $352,000. Oregon Public Employees Retirement Fund raised its position in shares of Littelfuse by 0.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 5,262 shares of the technology company’s stock valued at $2,230,000 after buying an additional 32 shares in the last quarter. Finally, Vise Technologies Inc. lifted its holdings in shares of Littelfuse by 89.0% during the 3rd quarter. Vise Technologies Inc. now owns 3,970 shares of the technology company’s stock worth $1,682,000 after acquiring an additional 1,869 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

About Littelfuse

Littelfuse, Inc is a diversified industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes fuses and other circuit-protection devices, power semiconductor products, relays, switches, sensors and related electronic components.

The company serves customers in the automotive, commercial vehicle, industrial, electronics, energy and communications markets. Its products are used in applications such as vehicle electrification, battery systems, industrial equipment, power distribution, renewable energy systems, data infrastructure and consumer electronics.