Yousif Capital Management LLC Trims Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Yousif Capital Management LLC decreased its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,477 shares of the technology company’s stock after selling 221 shares during the period. Yousif Capital Management LLC’s holdings in Littelfuse were worth $1,668,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LFUS. Bank of Jackson Hole Trust purchased a new position in shares of Littelfuse in the fourth quarter worth about $40,000. Smartleaf Asset Management LLC grew its stake in Littelfuse by 548.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock valued at $44,000 after acquiring an additional 159 shares in the last quarter. Parallel Advisors LLC grew its stake in Littelfuse by 105.6% during the first quarter. Parallel Advisors LLC now owns 333 shares of the technology company’s stock valued at $66,000 after acquiring an additional 171 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Littelfuse by 5,642.9% during the first quarter. Farther Finance Advisors LLC now owns 402 shares of the technology company’s stock valued at $78,000 after acquiring an additional 395 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Littelfuse by 126.5% during the first quarter. UMB Bank n.a. now owns 410 shares of the technology company’s stock valued at $81,000 after acquiring an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Trading Up 2.6%

LFUS stock opened at $221.79 on Tuesday. The firm has a market cap of $5.48 billion, a PE ratio of 49.29, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. The firm has a fifty day moving average price of $194.67 and a 200 day moving average price of $216.24. Littelfuse, Inc. has a fifty-two week low of $142.10 and a fifty-two week high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.37. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The company had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. During the same period last year, the company earned $1.76 earnings per share. Littelfuse’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.26%. Littelfuse’s dividend payout ratio (DPR) is 64.81%.

Analyst Upgrades and Downgrades

LFUS has been the subject of a number of recent research reports. Oppenheimer lowered their price objective on shares of Littelfuse from $310.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Wall Street Zen downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Robert W. Baird increased their price objective on shares of Littelfuse from $182.00 to $194.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Baird R W downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, May 28th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Littelfuse presently has an average rating of “Hold” and a consensus target price of $252.25.

Insider Transactions at Littelfuse

In related news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the completion of the sale, the senior vice president now directly owns 5,975 shares in the company, valued at $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.50% of the company’s stock.

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.