Aviva PLC Sells 2,799 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Aviva PLC lessened its holdings in Littelfuse, Inc. (NASDAQ:LFUS – Get Rating) by 39.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,326 shares of the technology company’s stock after selling 2,799 shares during the quarter. Aviva PLC’s holdings in Littelfuse were worth $953,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of LFUS. Point72 Hong Kong Ltd bought a new position in shares of Littelfuse in the 1st quarter valued at about $33,000. Trifecta Capital Advisors LLC bought a new position in Littelfuse during the 4th quarter worth approximately $66,000. Standard Family Office LLC bought a new position in Littelfuse during the 3rd quarter worth approximately $70,000. Itau Unibanco Holding S.A. bought a new position in Littelfuse during the 3rd quarter worth approximately $81,000. Finally, Covestor Ltd boosted its stake in Littelfuse by 91.0% during the 1st quarter. Covestor Ltd now owns 384 shares of the technology company’s stock worth $96,000 after acquiring an additional 183 shares during the last quarter. Institutional investors own 94.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LFUS shares. Stifel Nicolaus lifted their price objective on shares of Littelfuse from $240.00 to $265.00 in a research note on Thursday, May 4th. StockNews.com began coverage on shares of Littelfuse in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Robert W. Baird lifted their price target on shares of Littelfuse from $260.00 to $285.00 in a research note on Thursday, May 11th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $259.00.

Insider Activity

In other news, SVP Deepak Nayar sold 6,792 shares of Littelfuse stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $259.54, for a total value of $1,762,795.68. Following the sale, the senior vice president now directly owns 4,264 shares in the company, valued at $1,106,678.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Deepak Nayar sold 6,792 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $259.54, for a total transaction of $1,762,795.68. Following the transaction, the senior vice president now directly owns 4,264 shares in the company, valued at $1,106,678.56. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director T J. Chung sold 1,750 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $259.22, for a total transaction of $453,635.00. Following the transaction, the director now owns 16,991 shares in the company, valued at $4,404,407.02. The disclosure for this sale can be found here. Insiders have sold 8,825 shares of company stock worth $2,285,516 over the last ninety days. Insiders own 2.70% of the company’s stock.

Littelfuse Price Performance

NASDAQ LFUS opened at $268.11 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.70 and a debt-to-equity ratio of 0.38. Littelfuse, Inc. has a 12-month low of $192.19 and a 12-month high of $281.78. The company has a market capitalization of $6.66 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.65 and a beta of 1.26. The firm’s 50 day moving average is $255.97 and its 200-day moving average is $248.18.

Littelfuse (NASDAQ:LFUS – Get Rating) last posted its quarterly earnings data on Tuesday, May 2nd. The technology company reported $3.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.79. Littelfuse had a net margin of 13.78% and a return on equity of 17.92%. The company had revenue of $609.78 million for the quarter, compared to the consensus estimate of $592.51 million. During the same period last year, the company earned $4.99 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. Equities research analysts anticipate that Littelfuse, Inc. will post 13.57 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 25th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.90%. Littelfuse’s dividend payout ratio (DPR) is presently 17.42%.

About Littelfuse

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Littelfuse, Inc engages in the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Transportation, and Industrial. The Electronics segment covers a broad range of end markets, including industrial motor drives and power conversion, automotive electronics, electric vehicle and related infrastructure, power supplies, data centers and telecommunications, medical devices, alternative energy and energy storage, building and home automation, appliances, and mobile electronics.