Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,267 shares of the technology company’s stock after selling 475 shares during the quarter. SG Americas Securities LLC’s holdings in Littelfuse were worth $1,036,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its position in Littelfuse by 206.4% in the 1st quarter. GAMMA Investing LLC now owns 576 shares of the technology company’s stock valued at $113,000 after acquiring an additional 388 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Littelfuse by 4.1% in the first quarter. Harbor Capital Advisors Inc. now owns 5,787 shares of the technology company’s stock valued at $1,139,000 after purchasing an additional 227 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Littelfuse by 5,642.9% in the first quarter. Farther Finance Advisors LLC now owns 402 shares of the technology company’s stock valued at $78,000 after purchasing an additional 395 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Littelfuse by 13.4% during the first quarter. Park Avenue Securities LLC now owns 3,224 shares of the technology company’s stock worth $634,000 after purchasing an additional 380 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Littelfuse by 126.5% during the first quarter. UMB Bank n.a. now owns 410 shares of the technology company’s stock worth $81,000 after purchasing an additional 229 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Stock Down 2.7%

Shares of NASDAQ LFUS opened at $215.84 on Wednesday. The firm’s 50-day moving average is $195.65 and its two-hundred day moving average is $216.24. The company has a market capitalization of $5.34 billion, a PE ratio of 49.96, a price-to-earnings-growth ratio of 2.02 and a beta of 1.38. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.88 and a quick ratio of 2.75.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.37. Littelfuse had a net margin of 4.89% and a return on equity of 9.00%. The company had revenue of $554.31 million for the quarter, compared to analyst estimates of $537.60 million. During the same period in the prior year, the firm earned $1.76 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Equities analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were paid 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 1.30%. Littelfuse’s dividend payout ratio is presently 64.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LFUS. Oppenheimer cut their price objective on shares of Littelfuse from $310.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Wall Street Zen cut shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Friday, June 6th. Baird R W downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, May 28th. Finally, Robert W. Baird raised their price target on Littelfuse from $182.00 to $194.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $252.25.

Insider Activity

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

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.