New York State Common Retirement Fund Sells 2,591 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

New York State Common Retirement Fund decreased its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,723 shares of the technology company’s stock after selling 2,591 shares during the period. New York State Common Retirement Fund’s holdings in Littelfuse were worth $17,585,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new stake in Littelfuse in the third quarter worth about $27,000. Assetmark Inc. raised its position in shares of 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 purchasing an additional 80 shares during the period. OLD National Bancorp IN raised its position in shares of Littelfuse by 9.7% in the third quarter. OLD National Bancorp IN now owns 862 shares of the technology company’s stock valued at $213,000 after purchasing an additional 76 shares during the period. Vest Financial LLC bought a new stake in shares of Littelfuse in the fourth quarter valued at approximately $245,000. Finally, Hsbc Holdings PLC raised its position in shares of Littelfuse by 11.8% in the third quarter. Hsbc Holdings PLC now owns 1,016 shares of the technology company’s stock valued at $251,000 after purchasing an additional 107 shares during the period. Institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Performance

Littelfuse stock opened at $231.64 on Monday. The firm’s 50 day simple moving average is $235.53 and its 200 day simple moving average is $239.30. The company has a current ratio of 3.75, a quick ratio of 2.49 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $5.77 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.04 and a beta of 1.34. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $309.94.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.02. The business had revenue of $533.80 million for 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%. Littelfuse’s revenue was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.34 EPS. As a group, analysts expect that Littelfuse, Inc. will post 9.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Maggie Chu sold 1,522 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $742,923.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Littelfuse news, SVP Maggie Chu sold 1,522 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 3,086 shares of the company’s stock, valued at approximately $742,923.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Matthew Cole sold 916 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,370 shares of company stock valued at $1,064,413. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.