Littelfuse, Inc. (LFUS) Holdings Reduced by New York State Common Retirement Fund

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New York State Common Retirement Fund reduced its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 0.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 230,339 shares of the technology company’s stock after selling 574 shares during the period. New York State Common Retirement Fund’s holdings in Littelfuse were worth $42,032,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Littelfuse by 2.5% during the fourth quarter. BlackRock Inc. now owns 2,209,597 shares of the technology company’s stock valued at $378,902,000 after purchasing an additional 53,776 shares during the period. Vanguard Group Inc increased its position in shares of Littelfuse by 2.4% during the third quarter. Vanguard Group Inc now owns 2,167,434 shares of the technology company’s stock valued at $428,914,000 after purchasing an additional 51,769 shares during the period. Principal Financial Group Inc. increased its position in shares of Littelfuse by 20.3% during the fourth quarter. Principal Financial Group Inc. now owns 781,653 shares of the technology company’s stock valued at $134,038,000 after purchasing an additional 132,138 shares during the period. Victory Capital Management Inc. increased its position in shares of Littelfuse by 29.9% during the first quarter. Victory Capital Management Inc. now owns 551,097 shares of the technology company’s stock valued at $100,564,000 after purchasing an additional 126,825 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Littelfuse by 10.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 354,703 shares of the technology company’s stock valued at $60,825,000 after purchasing an additional 34,514 shares during the period. 98.96% of the stock is currently owned by institutional investors.

Shares of NASDAQ:LFUS opened at $167.59 on Friday. Littelfuse, Inc. has a fifty-two week low of $155.15 and a fifty-two week high of $238.10. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 1.63 and a beta of 0.94. The company has a current ratio of 3.82, a quick ratio of 2.85 and a debt-to-equity ratio of 0.45.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.04. Littelfuse had a return on equity of 15.27% and a net margin of 9.70%. The firm had revenue of $405.50 million for the quarter, compared to analysts’ expectations of $407.53 million. During the same period in the prior year, the business posted $2.39 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. As a group, research analysts predict that Littelfuse, Inc. will post 8.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Wednesday, May 22nd. Littelfuse’s dividend payout ratio (DPR) is 18.22%.

A number of research firms have recently issued reports on LFUS. Cowen began coverage on Littelfuse in a research report on Tuesday. They set an “outperform” rating and a $210.00 price objective on the stock. BidaskClub cut Littelfuse from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Oppenheimer lowered their price objective on Littelfuse from $215.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Zacks Investment Research upgraded Littelfuse from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Longbow Research cut Littelfuse from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $223.33.

In other Littelfuse news, SVP Ian Highley sold 1,000 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $195.98, for a total value of $195,980.00. Following the transaction, the senior vice president now owns 3,701 shares of the company’s stock, valued at $725,321.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Deepak Nayar sold 3,947 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $187.74, for a total value of $741,009.78. Following the completion of the transaction, the senior vice president now directly owns 3,502 shares in the company, valued at approximately $657,465.48. The disclosure for this sale can be found here. Insiders sold 13,747 shares of company stock worth $2,689,372 over the last quarter. Company insiders own 3.50% of the company’s stock.

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Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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