Littelfuse, Inc. (NASDAQ:LFUS) Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,781 shares of the technology company’s stock after purchasing an additional 175 shares during the quarter. New York Life Investment Management LLC’s holdings in Littelfuse were worth $744,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LFUS. VisionPoint Advisory Group LLC purchased a new position in shares of Littelfuse during the 3rd quarter worth $27,000. Assetmark Inc. grew its position in Littelfuse by 27.9% in the third quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock worth $91,000 after acquiring an additional 80 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in Littelfuse during the fourth quarter worth $208,000. OLD National Bancorp IN raised its position in 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. Finally, Vest Financial LLC acquired a new position in shares of Littelfuse in the 4th quarter valued at $245,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Trading Down 0.6 %

Shares of NASDAQ LFUS opened at $255.99 on Thursday. The company has a current ratio of 3.57, a quick ratio of 2.44 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $6.34 billion, a PE ratio of 29.32, a PEG ratio of 2.40 and a beta of 1.32. Littelfuse, Inc. has a twelve month low of $212.80 and a twelve month high of $309.94. The stock has a fifty day simple moving average of $235.90 and a 200-day simple moving average of $239.91.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.01. The company had revenue of $535.39 million during the quarter, compared to the consensus estimate of $519.08 million. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. Littelfuse’s revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.64 EPS. On average, equities analysts forecast that Littelfuse, Inc. will post 8.59 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.65 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 1.02%. Littelfuse’s dividend payout ratio (DPR) is presently 29.78%.

Insider Buying and Selling at Littelfuse

In other news, SVP Matthew Cole sold 916 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 5,530 shares of the company’s stock, valued at $1,372,435.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 value of $366,406.28. Following the completion of the transaction, the senior vice president now owns 3,086 shares in the company, valued at approximately $742,923.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew Cole sold 916 shares of the company’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 sale, 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 sold 3,743 shares of company stock valued at $920,315 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

LFUS has been the subject of a number of recent analyst reports. StockNews.com downgraded Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Jefferies Financial Group started coverage on shares of Littelfuse in a research report on Tuesday, April 9th. They set a “hold” rating and a $260.00 price target for the company. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a report on Thursday, May 2nd.

Littelfuse 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.