Amalgamated Bank Has $4.37 Million Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Amalgamated Bank boosted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,331 shares of the technology company’s stock after buying an additional 206 shares during the period. Amalgamated Bank’s holdings in Littelfuse were worth $4,370,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Littelfuse by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,632,292 shares of the technology company’s stock worth $651,018,000 after acquiring an additional 20,947 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Littelfuse by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 421,392 shares of the technology company’s stock valued at $112,748,000 after purchasing an additional 19,435 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Littelfuse by 6.8% during the 3rd quarter. Invesco Ltd. now owns 414,889 shares of the technology company’s stock worth $102,610,000 after buying an additional 26,278 shares in the last quarter. Ariel Investments LLC lifted its position in shares of Littelfuse by 0.3% during the 3rd quarter. Ariel Investments LLC now owns 339,853 shares of the technology company’s stock worth $84,052,000 after buying an additional 1,094 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Littelfuse by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 271,113 shares of the technology company’s stock valued at $67,052,000 after buying an additional 8,338 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Insider Activity at Littelfuse

In other Littelfuse news, SVP Maggie Chu sold 1,522 shares of Littelfuse stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $240.74, for a total transaction of $366,406.28. Following the transaction, the senior vice president now directly owns 3,086 shares of the company’s stock, valued at approximately $742,923.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Maggie Chu sold 1,522 shares of the 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 completion of the sale, 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 is available at this link. Also, SVP Deepak Nayar sold 1,305 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $250.25, for a total transaction of $326,576.25. Following the completion of the transaction, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,158,657.50. The disclosure for this sale can be found here. Insiders sold 3,743 shares of company stock worth $920,315 over the last three months. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on LFUS. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Thursday, May 2nd. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Finally, Jefferies Financial Group initiated coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They set a “hold” rating and a $260.00 target price on the stock.

Littelfuse Price Performance

Littelfuse stock opened at $255.99 on Thursday. The stock has a 50-day moving average price of $235.90 and a two-hundred day moving average price of $239.91. Littelfuse, Inc. has a 12 month low of $212.80 and a 12 month high of $309.94. The company has a market capitalization of $6.34 billion, a PE ratio of 29.32, a P/E/G ratio of 2.40 and a beta of 1.32. The company has a current ratio of 3.57, a quick ratio of 2.44 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The business had revenue of $535.39 million during the quarter, compared to analyst estimates of $519.08 million. During the same quarter last year, the business earned $3.64 EPS. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. Analysts expect that Littelfuse, Inc. will post 8.59 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be paid a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $2.60 annualized dividend and a dividend yield of 1.02%. Littelfuse’s dividend payout ratio is 29.78%.

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.