State of Alaska Department of Revenue Decreases Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

State of Alaska Department of Revenue cut its stake in shares of Littelfuse, Inc. (NASDAQ:LFUSFree Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,761 shares of the technology company’s stock after selling 270 shares during the period. State of Alaska Department of Revenue owned about 0.07% of Littelfuse worth $4,484,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC raised its holdings in Littelfuse by 11.8% during the third quarter. Hsbc Holdings PLC now owns 1,016 shares of the technology company’s stock valued at $251,000 after acquiring an additional 107 shares during the period. Alps Advisors Inc. raised its holdings in Littelfuse by 116.2% during the third quarter. Alps Advisors Inc. now owns 25,820 shares of the technology company’s stock valued at $6,386,000 after acquiring an additional 13,880 shares during the period. Inspire Investing LLC raised its holdings in Littelfuse by 11.1% during the third quarter. Inspire Investing LLC now owns 3,814 shares of the technology company’s stock valued at $943,000 after acquiring an additional 382 shares during the period. First National Bank of Omaha raised its holdings in Littelfuse by 61.8% during the third quarter. First National Bank of Omaha now owns 37,673 shares of the technology company’s stock valued at $9,317,000 after acquiring an additional 14,394 shares during the period. Finally, Ayrshire Capital Management LLC raised its holdings in Littelfuse by 2.2% during the fourth quarter. Ayrshire Capital Management LLC now owns 20,051 shares of the technology company’s stock valued at $5,365,000 after acquiring an additional 426 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Stock Down 1.9 %

Shares of NASDAQ:LFUS opened at $237.76 on Tuesday. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $309.94. The business has a 50 day simple moving average of $238.71 and a two-hundred day simple moving average of $241.07. The firm has a market capitalization of $5.92 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 1.83 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.75 and a quick ratio of 2.49.

Littelfuse (NASDAQ:LFUSGet Free Report) last announced its earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.02. The business had revenue of $533.80 million during the quarter, compared to analyst estimates of $535.76 million. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The company’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.34 earnings per share. On average, equities analysts predict that Littelfuse, Inc. will post 11.02 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Wednesday, February 21st. Littelfuse’s dividend payout ratio (DPR) is 25.15%.

Insider Buying and Selling

In related news, EVP Ryan K. Stafford sold 1,932 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $243.62, for a total value of $470,673.84. Following the completion of the transaction, the executive vice president now owns 24,155 shares of the company’s stock, valued at $5,884,641.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Ryan K. Stafford sold 1,932 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $243.62, for a total transaction of $470,673.84. Following the transaction, the executive vice president now directly owns 24,155 shares of the company’s stock, valued at $5,884,641.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Matthew Cole sold 916 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $248.18, for a total value of $227,332.88. Following the transaction, the senior vice president now directly owns 5,530 shares in the company, valued at $1,372,435.40. The disclosure for this sale can be found here. Insiders sold 4,370 shares of company stock valued at $1,064,413 over the last 90 days. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday.

Get Our Latest Analysis on LFUS

Littelfuse Company Profile

(Free Report)

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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