Arizona State Retirement System Decreases Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Arizona State Retirement System cut its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.6% in the 4th quarter, HoldingsChannel reports. The fund owned 6,959 shares of the technology company’s stock after selling 111 shares during the quarter. Arizona State Retirement System’s holdings in Littelfuse were worth $1,862,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Littelfuse by 0.8% during the third quarter. Vanguard Group Inc. now owns 2,632,292 shares of the technology company’s stock valued at $651,018,000 after purchasing an additional 20,947 shares during the period. BlackRock Inc. boosted its position in Littelfuse by 0.3% during the 1st quarter. BlackRock Inc. now owns 2,153,792 shares of the technology company’s stock valued at $577,410,000 after buying an additional 6,968 shares during the period. Alliancebernstein L.P. grew its holdings in Littelfuse by 9.2% in the 4th quarter. Alliancebernstein L.P. now owns 690,217 shares of the technology company’s stock worth $151,986,000 after acquiring an additional 58,212 shares during the last quarter. State Street Corp increased its position in shares of Littelfuse by 1.8% in the first quarter. State Street Corp now owns 677,812 shares of the technology company’s stock valued at $181,715,000 after acquiring an additional 12,100 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Littelfuse by 41.4% during the fourth quarter. Victory Capital Management Inc. now owns 530,502 shares of the technology company’s stock valued at $116,817,000 after acquiring an additional 155,341 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Stock Performance

Shares of LFUS opened at $231.19 on Friday. The company has a 50-day simple moving average of $238.06 and a two-hundred day simple moving average of $240.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.75 and a quick ratio of 2.49. The firm has a market capitalization of $5.76 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.06 and a beta of 1.34. Littelfuse, Inc. has a one year low of $212.80 and a one year high of $309.94.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, January 30th. The technology company reported $2.02 EPS for the quarter, meeting analysts’ consensus estimates of $2.02. The company had revenue of $533.80 million during the quarter, compared to analysts’ expectations of $535.76 million. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.34 EPS. On average, analysts anticipate that Littelfuse, Inc. will post 9.44 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 given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Wednesday, February 21st. Littelfuse’s dividend payout ratio is presently 25.15%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, EVP Ryan K. Stafford sold 1,932 shares of the business’s 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 sale, the executive vice president now 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 Securities & Exchange Commission, which is available at this hyperlink. In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of Littelfuse 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 completion of the transaction, the executive vice president now owns 24,155 shares in the company, valued at $5,884,641.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maggie Chu sold 1,522 shares of the 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 completion of the sale, the senior vice president now directly owns 3,086 shares in the company, valued at $742,923.64. The disclosure for this sale can be found here. Insiders sold a total of 4,370 shares of company stock worth $1,064,413 in the last three months. 2.30% of the stock is owned by corporate insiders.

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.