Littelfuse, Inc. (NASDAQ:LFUS), saw an insider decrease his holdings in the company. Senior Vice President and CFO Philip G. Franklin got rid of 3,400 shares of common stock at an average price of $92.408 per share. This is a different transaction than normal for Franklin, who has gone the other way and actually acquired over 10,000 shares in the company since the beginning of this year.
Following this transaction, Franklin now holds 45,906 shares directly invested into the company. Littelfuse, Inc. (NASDAQ:LFUS), the $2.07 billion market cap corporation, is a supplier of circuit protection products for the electronics, automotive and electrical industries that also offers a line of reliable electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems.
In addition, the biggest hedge fund involved with Littelfuse, Inc. (NASDAQ:LFUS) is Chuck Royce‘s Royce & Associates, which after a 21% decrease in activity last quarter now holds 1,159,073 shares worth about $108.5 million
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.