First Trust Advisors LP Purchases 52,634 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

First Trust Advisors LP grew its position in shares of Littelfuse, Inc. (NASDAQ:LFUSFree Report) by 49.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 159,025 shares of the technology company’s stock after purchasing an additional 52,634 shares during the quarter. First Trust Advisors LP owned about 0.64% of Littelfuse worth $42,549,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LFUS. VisionPoint Advisory Group LLC bought a new position in Littelfuse during the 3rd quarter worth approximately $27,000. SRS Capital Advisors Inc. raised its holdings in Littelfuse by 372.4% during the 4th 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 Littelfuse during the 4th quarter worth approximately $50,000. Assetmark Inc. raised its holdings in Littelfuse by 17.7% during the 4th quarter. Assetmark Inc. now owns 432 shares of the technology company’s stock worth $116,000 after purchasing an additional 65 shares during the last quarter. Finally, Kessler Investment Group LLC grew its position in shares of Littelfuse by 57.9% during the 4th quarter. Kessler Investment Group LLC now owns 589 shares of the technology company’s stock worth $158,000 after buying an additional 216 shares during the period. Institutional investors own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on Littelfuse

Insider Buying and Selling at Littelfuse

In other Littelfuse news, CFO Meenal Sethna sold 6,114 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the transaction, the chief financial officer now directly owns 22,432 shares in the company, valued at approximately $5,753,583.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Littelfuse news, EVP Ryan K. Stafford sold 2,219 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $256.33, for a total transaction of $568,796.27. Following the transaction, the executive vice president now directly owns 24,437 shares in the company, valued at approximately $6,263,936.21. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Meenal Sethna sold 6,114 shares of Littelfuse stock in a transaction on Monday, May 13th. The stock was sold at an average price of $256.49, for a total value of $1,568,179.86. Following the sale, the chief financial officer now owns 22,432 shares in the company, valued at $5,753,583.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,638 shares of company stock worth $2,463,552. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Stock Performance

NASDAQ LFUS opened at $248.58 on Friday. The company has a fifty day simple moving average of $244.82 and a 200 day simple moving average of $244.22. Littelfuse, Inc. has a 12-month low of $212.80 and a 12-month high of $309.94. 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 company has a market cap of $6.16 billion, a P/E ratio of 28.47, a PEG ratio of 2.41 and a beta of 1.29.

Littelfuse (NASDAQ:LFUSGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating 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 business had revenue of $535.39 million during the quarter, compared to the consensus estimate of $519.08 million. During the same quarter last year, the firm posted $3.64 EPS. Littelfuse’s revenue was down 12.2% compared to the same quarter last year. Sell-side analysts predict that Littelfuse, Inc. will post 8.59 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.05%. The ex-dividend date was Wednesday, May 22nd. Littelfuse’s dividend payout ratio (DPR) is presently 29.78%.

Littelfuse Company Profile

(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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