Raymond James Financial Services Advisors Inc. Cuts Position in Littelfuse, Inc. (NASDAQ:LFUS)

Raymond James Financial Services Advisors Inc. lessened its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 16.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,649 shares of the technology company’s stock after selling 515 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Littelfuse were worth $709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in shares of Littelfuse by 11.8% in the 3rd quarter. Hsbc Holdings PLC now owns 1,016 shares of the technology company’s stock worth $251,000 after buying an additional 107 shares during the last quarter. Alps Advisors Inc. lifted its stake in Littelfuse by 116.2% in the third quarter. Alps Advisors Inc. now owns 25,820 shares of the technology company’s stock valued at $6,386,000 after purchasing an additional 13,880 shares during the last quarter. First National Bank of Omaha lifted its stake in Littelfuse by 61.8% in the third quarter. First National Bank of Omaha now owns 37,673 shares of the technology company’s stock valued at $9,317,000 after purchasing an additional 14,394 shares during the last quarter. Inspire Investing LLC lifted its stake in Littelfuse by 11.1% in the third quarter. Inspire Investing LLC now owns 3,814 shares of the technology company’s stock valued at $943,000 after purchasing an additional 382 shares during the last quarter. Finally, Ayrshire Capital Management LLC lifted its stake in Littelfuse by 2.2% in the fourth quarter. Ayrshire Capital Management LLC now owns 20,051 shares of the technology company’s stock valued at $5,365,000 after purchasing an additional 426 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LFUS shares. StockNews.com downgraded Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Jefferies Financial Group started coverage on Littelfuse in a research note on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price objective on the stock.

Littelfuse Trading Down 0.5 %

Shares of LFUS stock opened at $229.93 on Wednesday. The company’s fifty 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 current ratio of 3.75 and a quick ratio of 2.49. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $309.94. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 2.04 and a beta of 1.34.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share (EPS) 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 business had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $535.76 million. During the same quarter in the previous year, the firm posted $3.34 EPS. The business’s revenue for the quarter was down 12.9% compared to the same quarter last year. As a group, analysts anticipate that Littelfuse, Inc. will post 9.44 earnings per share for the current year.

Littelfuse Dividend Announcement

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

Insider Buying and Selling at Littelfuse

In other news, EVP Ryan K. Stafford sold 1,932 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $243.62, for a total value of $470,673.84. Following the transaction, 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 SEC, which is available at the SEC website. In other news, SVP Maggie Chu sold 1,522 shares of the company’s stock in a transaction on 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 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 is available at the SEC website. Also, EVP Ryan K. Stafford sold 1,932 shares of the company’s 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 directly owns 24,155 shares in the company, valued at approximately $5,884,641.10. The disclosure for this sale can be found here. Insiders have sold 4,370 shares of company stock valued at $1,064,413 in the last 90 days. 2.30% of the stock is currently owned by company insiders.

About Littelfuse

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.