Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,482 shares of the technology company’s stock after selling 313 shares during the quarter. Amalgamated Bank’s holdings in Littelfuse were worth $2,259,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LFUS. Hunter Perkins Capital Management LLC increased its stake in Littelfuse by 2.1% in the first quarter. Hunter Perkins Capital Management LLC now owns 4,620 shares of the technology company’s stock valued at $909,000 after purchasing an additional 95 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of Littelfuse by 1.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,142 shares of the technology company’s stock worth $1,208,000 after buying an additional 69 shares during the period. Global X Japan Co. Ltd. grew its holdings in shares of Littelfuse by 33.5% during the first quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company’s stock worth $68,000 after buying an additional 87 shares during the last quarter. Everhart Financial Group Inc. increased its position in Littelfuse by 11.9% in the 1st quarter. Everhart Financial Group Inc. now owns 1,068 shares of the technology company’s stock valued at $210,000 after acquiring an additional 114 shares during the period. Finally, Fifth Third Bancorp increased its position in Littelfuse by 30.5% in the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company’s stock valued at $64,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Trading Down 0.4%

Shares of LFUS stock opened at $236.36 on Friday. The business’s fifty day moving average price is $212.97 and its 200 day moving average price is $214.43. The firm has a market capitalization of $5.84 billion, a PE ratio of 54.71, a P/E/G ratio of 2.15 and a beta of 1.39. 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, Inc. has a 1-year low of $142.10 and a 1-year high of $275.58.

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

Littelfuse Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.18%. Littelfuse’s payout ratio is 64.81%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LFUS shares. Oppenheimer lowered their target price on Littelfuse from $310.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, May 28th. Baird R W downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Robert W. Baird raised their target price on shares of Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $252.25.

Insider Activity

In other news, SVP Deepak Nayar sold 1,477 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the sale, the senior vice president owned 5,975 shares of the company’s stock, valued at $1,180,062.50. The trade was a 19.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.