Today it was reported that the SVP & GM Semiconductor & CTO of Littelfuse (NASDAQ: LFUS), Ian Highley, exercised options to sell 12,118 LFUS shares at $105.39 a share, for a total transaction value of $2.66M.
Following Ian Highley’s last LFUS Sell transaction on February 06, 2018, the stock climbed by 12.5%.
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Based on Littelfuse’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $459 million and quarterly net profit of $42.33 million. In comparison, last year the company earned revenue of $313 million and had a net profit of $48.64 million. LFUS’s market cap is $5.44B and the company has a P/E ratio of 49.06. Currently, Littelfuse has an average volume of 3,111.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $249.00, reflecting a -10.6% downside.
The insider sentiment on Littelfuse has been negative according to 96 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Ian Highley’s trades have generated a -22.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Littelfuse, Inc. engages in supplying of circuit protection products for the electronics, automotive and electrical industries. It offers electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems, as well as protection relays and power distribution centers for the safe control and distribution of electricity. It operates through the following segments: Electronics, Automotive, and Electrical. The Electronics segment includes the broadest and deepest portfolio of overvoltage and overcurrent solutions. The Automotive segment maintains a direct sales force to service all the major automotive OEMs and system suppliers domestically. The Electrical segment markets and sells its power fuses and protection relays through the manufacturer’s representatives across North America. The company was founded by Edward V. Sundt in 1927 and is headquartered in Chicago, IL.
