International Assets Investment Management LLC Purchases Shares of 29,586 Littelfuse, Inc. (NASDAQ:LFUS)

International Assets Investment Management LLC purchased a new stake in Littelfuse, Inc. (NASDAQ:LFUS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 29,586 shares of the technology company’s stock, valued at approximately $7,916,000. International Assets Investment Management LLC owned approximately 0.12% of Littelfuse at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC bought a new stake in shares of Littelfuse during the third quarter worth about $27,000. Point72 Hong Kong Ltd bought a new stake in shares of Littelfuse during the first quarter worth about $33,000. DHJJ Financial Advisors Ltd. bought a new stake in shares of Littelfuse during the third quarter worth about $43,000. Northwestern Mutual Wealth Management Co. increased 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 acquiring an additional 50 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its position 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 worth $49,000 after acquiring an additional 89 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Littelfuse in a research report on Tuesday, April 9th. They set a “hold” rating and a $260.00 target price for the company. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th.

Littelfuse Stock Down 3.3 %

Littelfuse stock opened at $231.19 on Friday. Littelfuse, Inc. has a fifty-two week low of $212.80 and a fifty-two week high of $309.94. The stock has a market cap of $5.76 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.11 and a beta of 1.34. The firm’s 50-day simple moving average is $238.06 and its 200 day simple moving average is $240.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.49 and a current ratio of 3.75.

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, hitting the consensus estimate of $2.02. Littelfuse had a net margin of 10.98% and a return on equity of 12.35%. The business had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $535.76 million. During the same period in the previous year, the company earned $3.34 earnings per share. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year. Research analysts predict that Littelfuse, Inc. will post 9.44 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders 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 1.12%. The ex-dividend date was Wednesday, February 21st. Littelfuse’s payout ratio is 25.15%.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, SVP Matthew Cole sold 916 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 business’s 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 completion of the transaction, the senior vice president now owns 5,530 shares in the company, valued at $1,372,435.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,370 shares of company stock worth $1,064,413 over the last three months. 2.30% of the stock is currently 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.