Mutual of America Capital Management LLC Cuts Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Mutual of America Capital Management LLC trimmed its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,380 shares of the technology company’s stock after selling 801 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Littelfuse were worth $4,115,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. VisionPoint Advisory Group LLC purchased a new position in Littelfuse in the third quarter worth $27,000. Point72 Hong Kong Ltd purchased a new position in Littelfuse during the 1st quarter worth $33,000. Belpointe Asset Management LLC increased its position in Littelfuse by 96.7% during the 1st quarter. Belpointe Asset Management LLC now owns 181 shares of the technology company’s stock valued at $49,000 after buying an additional 89 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Littelfuse by 33.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company’s stock valued at $44,000 after buying an additional 50 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Littelfuse by 27.9% in the third quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock valued at $91,000 after buying an additional 80 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LFUS. Jefferies Financial Group assumed coverage on shares of Littelfuse in a report on Tuesday, April 9th. They set a “hold” rating and a $260.00 price objective on the stock. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, March 30th.

Littelfuse Stock Down 0.5 %

Littelfuse stock opened at $229.93 on Wednesday. The business’s 50-day simple moving average is $237.94 and its two-hundred day simple moving average is $240.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.49 and a current ratio of 3.75. The company has a market cap of $5.73 billion, a PE ratio of 22.24, a PEG ratio of 2.04 and a beta of 1.34. Littelfuse, Inc. has a fifty-two week low of $212.80 and a fifty-two week high of $309.94.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, January 30th. The technology company reported $2.02 EPS for the quarter, meeting analysts’ consensus estimates of $2.02. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The firm had revenue of $533.80 million for the quarter, compared to analyst estimates of $535.76 million. During the same quarter in the prior year, the firm earned $3.34 earnings per share. Littelfuse’s revenue for the quarter was down 12.9% on a year-over-year basis. Equities analysts anticipate that Littelfuse, Inc. will post 9.44 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.60 annualized dividend and a dividend yield of 1.13%. Littelfuse’s dividend payout ratio (DPR) is presently 25.15%.

Insider Activity at Littelfuse

In other Littelfuse news, SVP Matthew Cole sold 916 shares of the stock in a transaction dated Monday, February 12th. The stock was 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 approximately $1,372,435.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Matthew Cole sold 916 shares of Littelfuse 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 completion of the transaction, the senior vice president now directly owns 5,530 shares of the company’s stock, valued at approximately $1,372,435.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Maggie Chu sold 1,522 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $240.74, for a total transaction of $366,406.28. Following the sale, the senior vice president now owns 3,086 shares in the company, valued at approximately $742,923.64. The disclosure for this sale can be found here. Insiders sold 4,370 shares of company stock worth $1,064,413 over the last three months. Company insiders own 2.30% of the company’s stock.

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.