New York State Teachers Retirement System Reduces Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

New York State Teachers Retirement System trimmed its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,662 shares of the technology company’s stock after selling 2,611 shares during the quarter. New York State Teachers Retirement System owned 0.12% of Littelfuse worth $8,204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of LFUS. VisionPoint Advisory Group LLC purchased a new stake in shares of Littelfuse during the third quarter valued at $27,000. Point72 Hong Kong Ltd purchased a new stake in shares of Littelfuse during the first quarter valued at $33,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Littelfuse during the third quarter valued at $43,000. Belpointe Asset Management LLC boosted its stake 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 purchasing an additional 89 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake 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 valued at $44,000 after purchasing an additional 50 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $243.62, for a total transaction of $470,673.84. Following the completion of the sale, the executive vice president now directly owns 24,155 shares of the company’s stock, valued at $5,884,641.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $243.62, for a total transaction of $470,673.84. Following the completion of the sale, the executive vice president now directly owns 24,155 shares of the company’s stock, valued at $5,884,641.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matthew Cole sold 916 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $248.18, for a total transaction of $227,332.88. Following the sale, 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 ninety days, insiders sold 4,370 shares of company stock valued at $1,064,413. 2.30% of the stock is currently owned by insiders.

Littelfuse Stock Up 2.5 %

NASDAQ:LFUS opened at $238.96 on Friday. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $309.94. The company has a 50-day moving average of $238.35 and a 200 day moving average of $240.35. The firm 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 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:LFUS) last released its quarterly earnings data on Tuesday, January 30th. The technology company reported $2.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.02. The company had revenue of $533.80 million during the quarter, compared to analyst estimates of $535.76 million. Littelfuse had a net margin of 10.98% and a return on equity of 12.35%. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.34 earnings per share. As a group, research analysts anticipate that Littelfuse, Inc. will post 9.66 EPS for the current fiscal year.

Littelfuse Dividend Announcement

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

Wall Street Analyst Weigh In

LFUS has been the subject of a number of recent analyst reports. Jefferies Financial Group assumed coverage on shares of Littelfuse in a research note on Tuesday. They set a “hold” rating and a $260.00 target price for the company. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th.

Littelfuse 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.