Littelfuse, Inc. (NASDAQ:LFUS) Position Trimmed by Trust Point Inc.

Trust Point Inc. lessened its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 21.3% during the 1st quarter, HoldingsChannel reports. The fund owned 2,497 shares of the technology company’s stock after selling 674 shares during the period. Trust Point Inc.’s holdings in Littelfuse were worth $491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Atria Wealth Solutions Inc. lifted its holdings in Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after purchasing an additional 50 shares during the last quarter. Arizona State Retirement System lifted its holdings in Littelfuse by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock worth $1,694,000 after purchasing an additional 51 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in 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. 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 worth $64,000 after buying an additional 76 shares during the period. Finally, Assetmark Inc. increased its position in Littelfuse by 11.4% in the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company’s stock worth $189,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Performance

LFUS opened at $221.79 on Tuesday. The stock has a market cap of $5.48 billion, a PE ratio of 49.29, a P/E/G ratio of 2.24 and a beta of 1.38. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $275.58. The stock’s 50 day simple moving average is $194.67 and its 200-day simple moving average is $216.24.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data 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. The business had revenue of $554.31 million for the quarter, compared to analysts’ expectations of $537.60 million. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. Littelfuse’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 earnings per share. Sell-side analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.26%. The ex-dividend date was Thursday, May 22nd. Littelfuse’s dividend payout ratio is 64.81%.

Analysts Set New Price Targets

LFUS has been the topic of several recent analyst reports. Baird R W downgraded Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Wall Street Zen downgraded Littelfuse from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Oppenheimer dropped their price target on Littelfuse from $310.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Robert W. Baird lifted their price target on Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, May 28th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Littelfuse has an average rating of “Hold” and an average target price of $252.25.

Insider Activity at Littelfuse

In related news, SVP Deepak Nayar sold 1,477 shares of the business’s stock in a transaction 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 now owns 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by 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.