Jump Financial LLC Invests $270,000 in Littelfuse, Inc. (NASDAQ:LFUS)

Jump Financial LLC purchased a new position in Littelfuse, Inc. (NASDAQ:LFUSFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,008 shares of the technology company’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VisionPoint Advisory Group LLC purchased a new stake in shares of Littelfuse in the third quarter worth about $27,000. SRS Capital Advisors Inc. increased its position in shares of Littelfuse by 372.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company’s stock worth $37,000 after purchasing an additional 108 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Littelfuse in the fourth quarter worth approximately $50,000. Kessler Investment Group LLC increased its position in shares of Littelfuse by 57.9% in the fourth quarter. Kessler Investment Group LLC now owns 589 shares of the technology company’s stock worth $158,000 after purchasing an additional 216 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Littelfuse in the fourth quarter worth approximately $208,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Littelfuse

In other news, SVP Maggie Chu sold 1,522 shares of the firm’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 transaction, the senior vice president now owns 3,086 shares in the company, valued at $742,923.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Deepak Nayar sold 1,305 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $250.25, for a total value of $326,576.25. Following the completion of the sale, the senior vice president now owns 4,630 shares of the company’s stock, valued at $1,158,657.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maggie Chu sold 1,522 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now directly owns 3,086 shares of the company’s stock, valued at approximately $742,923.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,160 shares of company stock worth $2,829,959. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Baird R W upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Robert W. Baird upgraded shares of Littelfuse from a “neutral” rating to an “outperform” rating and increased their price target for the company from $270.00 to $300.00 in a research report on Friday, May 17th. Jefferies Financial Group began coverage on shares of Littelfuse in a research report on Tuesday, April 9th. They set a “hold” rating and a $260.00 price target on the stock. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $280.00.

Get Our Latest Report on Littelfuse

Littelfuse Stock Up 0.8 %

Shares of NASDAQ LFUS opened at $260.05 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.44. Littelfuse, Inc. has a one year low of $212.80 and a one year high of $309.94. The stock has a market capitalization of $6.44 billion, a P/E ratio of 29.79, a PEG ratio of 2.52 and a beta of 1.32. The firm’s 50 day simple moving average is $240.91 and its two-hundred day simple moving average is $242.89.

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

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, May 22nd. Littelfuse’s dividend payout ratio is 29.78%.

About Littelfuse

(Free Report)

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.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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