GAMMA Investing LLC Has $113,000 Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

GAMMA Investing LLC raised its position in Littelfuse, Inc. (NASDAQ:LFUS) by 206.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 576 shares of the technology company’s stock after buying an additional 388 shares during the period. GAMMA Investing LLC’s holdings in Littelfuse were worth $113,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of Littelfuse by 548.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock worth $44,000 after purchasing an additional 159 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Littelfuse by 105.6% during the first quarter. Parallel Advisors LLC now owns 333 shares of the technology company’s stock worth $66,000 after purchasing an additional 171 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Littelfuse by 5,642.9% during the first quarter. Farther Finance Advisors LLC now owns 402 shares of the technology company’s stock worth $78,000 after purchasing an additional 395 shares in the last quarter. UMB Bank n.a. lifted its position 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 in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Littelfuse by 11.4% during the fourth quarter. Assetmark Inc. now owns 801 shares of the technology company’s stock worth $189,000 after purchasing an additional 82 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Stock Down 0.4%

Littelfuse stock opened at $236.36 on Monday. The company has a market cap of $5.84 billion, a P/E ratio of 54.71, a price-to-earnings-growth ratio of 2.15 and a beta of 1.39. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year high of $275.58. The company has a fifty day simple moving average of $212.97 and a 200 day simple moving average of $214.30. The company has a current ratio of 3.88, a quick ratio of 2.75 and a debt-to-equity ratio of 0.32.

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

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, May 22nd. Littelfuse’s dividend payout ratio is currently 64.81%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of the stock in a transaction 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 completion of the sale, the senior vice president owned 5,975 shares in the company, valued at $1,180,062.50. This trade represents a 19.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.50% of the stock is currently owned by corporate insiders.

About Littelfuse

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.