Teacher Retirement System of Texas Grows Position in Littelfuse, Inc. (NASDAQ:LFUS)

Teacher Retirement System of Texas grew its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 80.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,023 shares of the technology company’s stock after buying an additional 2,240 shares during the quarter. Teacher Retirement System of Texas’ holdings in Littelfuse were worth $988,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in shares of Littelfuse by 228.2% during the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company’s stock valued at $25,000 after acquiring an additional 89 shares during the period. Fifth Third Bancorp lifted its holdings in Littelfuse by 30.5% in the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company’s stock worth $64,000 after purchasing an additional 76 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Littelfuse by 105.6% in the 1st 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. Global X Japan Co. Ltd. lifted its holdings in Littelfuse by 33.5% in the 1st quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company’s stock worth $68,000 after purchasing an additional 87 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Littelfuse by 5,642.9% in the 1st 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. 96.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LFUS has been the topic of a number of research analyst reports. Baird R W cut Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Wall Street Zen raised Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, June 27th. Robert W. Baird upped their price objective on Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, May 28th. Finally, Oppenheimer decreased their price objective on Littelfuse from $310.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $252.25.

Littelfuse Stock Down 1.7%

Littelfuse stock opened at $233.85 on Monday. The company has a quick ratio of 2.75, a current ratio of 3.88 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $275.58. The business’s 50-day moving average price is $218.05 and its 200 day moving average price is $214.22. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 54.13, a price-to-earnings-growth ratio of 2.13 and a beta of 1.39.

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

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Thursday, May 22nd. Littelfuse’s dividend payout ratio is presently 64.81%.

Insider Activity

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the sale, the senior vice president directly owned 5,975 shares of the company’s stock, valued at $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.50% of the stock is owned by corporate insiders.

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.