Numerai GP LLC Takes Position in Littelfuse, Inc. (NASDAQ:LFUS)

Numerai GP LLC purchased a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,338 shares of the technology company’s stock, valued at approximately $1,258,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Atria Wealth Solutions Inc. grew its holdings in Littelfuse by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after acquiring an additional 50 shares during the period. Arizona State Retirement System lifted its stake in shares of Littelfuse by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock valued at $1,694,000 after purchasing an additional 51 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Littelfuse by 0.7% in the 4th quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company’s stock worth $2,529,000 after purchasing an additional 70 shares during the last quarter. Assetmark Inc. grew its stake 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 during the period. Finally, Geneos Wealth Management Inc. increased its holdings in Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after purchasing an additional 105 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

Insider Transactions at Littelfuse

In related news, SVP Deepak Nayar sold 1,477 shares of the company’s stock in a transaction dated 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 directly owns 5,975 shares in the company, valued at approximately $1,180,062.50. This represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.50% of the company’s stock.

Littelfuse Stock Up 1.0%

Shares of LFUS stock opened at $219.94 on Wednesday. Littelfuse, Inc. has a 52-week low of $142.10 and a 52-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. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 48.88, a PEG ratio of 2.24 and a beta of 1.38. The firm’s 50-day moving average is $186.44 and its 200-day moving average is $222.20.

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

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse’s payout ratio is 64.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LFUS shares. Baird R W lowered Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, April 30th. Oppenheimer cut their target price on shares of Littelfuse from $310.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Robert W. Baird lifted their price target on shares of Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Finally, StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $252.25.

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.