Mirae Asset Global Investments Co. Ltd. Acquires 13,366 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 41.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,313 shares of the technology company’s stock after purchasing an additional 13,366 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.18% of Littelfuse worth $12,124,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new position in shares of Littelfuse during the 3rd quarter worth about $27,000. Point72 Hong Kong Ltd bought a new position in Littelfuse in the first quarter worth approximately $33,000. DHJJ Financial Advisors Ltd. bought a new stake in shares of Littelfuse during the third quarter valued at approximately $43,000. Belpointe Asset Management LLC increased its holdings in shares of Littelfuse by 96.7% during the first quarter. Belpointe Asset Management LLC now owns 181 shares of the technology company’s stock valued at $49,000 after acquiring an additional 89 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Littelfuse by 33.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company’s stock worth $44,000 after purchasing an additional 50 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LFUS. Jefferies Financial Group assumed coverage on shares of Littelfuse in a research note on Tuesday. They set a “hold” rating and a $260.00 price target for the company. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, March 30th.

Littelfuse Price Performance

Shares of NASDAQ:LFUS opened at $238.96 on Friday. The company has a current ratio of 3.75, a quick ratio of 2.49 and a debt-to-equity ratio of 0.35. The stock has a market cap of $5.95 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34. The stock’s fifty day simple moving average is $238.35 and its two-hundred day simple moving average is $240.35. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $309.94.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.02. Littelfuse had a net margin of 10.98% and a return on equity of 12.35%. The company had revenue of $533.80 million for the quarter, compared to analyst estimates of $535.76 million. During the same period last year, the firm earned $3.34 earnings per share. The firm’s revenue was down 12.9% on a year-over-year basis. As a group, analysts forecast that Littelfuse, Inc. will post 9.66 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Wednesday, February 21st. Littelfuse’s dividend payout ratio is presently 25.15%.

Insider Activity at Littelfuse

In other Littelfuse news, SVP Maggie Chu sold 1,522 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $240.74, for a total value of $366,406.28. Following the transaction, the senior vice president now owns 3,086 shares of the company’s stock, valued at $742,923.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Littelfuse news, SVP Maggie Chu sold 1,522 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $240.74, for a total value of $366,406.28. Following the transaction, the senior vice president now directly owns 3,086 shares in the company, valued at $742,923.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew Cole sold 916 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $248.18, for a total transaction of $227,332.88. Following the transaction, the senior vice president now directly owns 5,530 shares of the company’s stock, valued at $1,372,435.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,370 shares of company stock valued at $1,064,413. 2.30% of the stock is owned by insiders.

Littelfuse Company Profile

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.