Littelfuse Inc. (NASDAQ:LFUS) has reported that its Executive Vice President and Chief Financial Officer, Meenal Sethna, sold a total of 3,031 shares of the company's common stock on May 14, 2024. The transactions were part of a planned sale and were conducted at varying prices, resulting in a total value of over $780,000.
According to the filing, the shares were sold in multiple transactions at prices ranging from $258.00 to $259.41. The weighted average sale price for the shares was between $258.48 and $259.15, with the total amount received from the sales reaching approximately $783,787.
On the same day, Sethna also acquired 3,031 shares of Littelfuse common stock at a price of $192.59 per share, totaling around $583,740. This transaction was reported as an exercise of stock options, which were part of the executive's compensation plan.
Following these transactions, Sethna's direct ownership in the company has been adjusted to 22,932 shares of common stock. The reported sales and acquisitions provide a glimpse into the trading activity of Littelfuse's executives and may be of interest to investors monitoring insider behaviors.
Littelfuse, headquartered in Chicago, Illinois, is a leading manufacturer of circuit protection devices and other critical components used in electronics, automotive, and industrial applications. The company's stock is traded on the NASDAQ stock exchange under the ticker symbol LFUS.
Investors and analysts often review insider trading activity, such as the sales and acquisitions by Sethna, for insights into executive confidence and company performance. It is important to note that insider trading reports do not necessarily indicate a change in company outlook or performance and may be part of an individual's personal financial planning strategy.
InvestingPro Insights
Littelfuse Inc. (NASDAQ:LFUS) has been a subject of interest for investors following the recent insider trading activity. To provide a deeper understanding of the company's financial health and market position, we look at some key metrics and insights from InvestingPro.
With a market capitalization of $6.28 billion, Littelfuse operates with a moderate level of debt and has consistently maintained dividend payments for 15 years, showcasing its commitment to shareholder returns. This is underscored by the company's history of raising its dividend for 14 consecutive years, an InvestingPro Tip that signals a strong and stable financial discipline.
The company's P/E ratio stands at 28.68, with an adjusted P/E ratio for the last twelve months as of Q1 2024 at 26.8. This valuation metric helps investors gauge if the stock is over or undervalued in relation to its earnings. Additionally, the gross profit margin for the same period is at a robust 36.84%, indicating a strong ability to retain earnings after the cost of goods sold has been accounted for.
Despite a revenue decline of 8.48% over the last twelve months as of Q1 2024, Littelfuse's financials demonstrate resilience, with liquid assets surpassing short-term obligations. This is a significant InvestingPro Tip as it suggests the company is well-positioned to manage its short-term liabilities and operate smoothly.
For investors looking for more in-depth analysis and additional InvestingPro Tips, there are 9 more tips available for Littelfuse at https://www.investing.com/pro/LFUS. Remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing exclusive access to professional insights that could further inform investment decisions.
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