Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,089 shares of the technology company’s stock after selling 518 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.39% of Littelfuse worth $23,530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Littelfuse during the 4th quarter valued at $150,004,000. Westwood Holdings Group Inc. increased its stake in Littelfuse by 223.8% during the first quarter. Westwood Holdings Group Inc. now owns 313,927 shares of the technology company’s stock worth $76,080,000 after acquiring an additional 216,985 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Littelfuse by 160.0% in the 4th quarter. Federated Hermes Inc. now owns 158,506 shares of the technology company’s stock worth $42,410,000 after purchasing an additional 97,535 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of Littelfuse by 88.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock valued at $40,278,000 after purchasing an additional 78,153 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of Littelfuse by 160.2% during the 4th quarter. TD Asset Management Inc now owns 113,447 shares of the technology company’s stock worth $30,354,000 after purchasing an additional 69,842 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Stock Down 0.5 %

LFUS traded down $1.21 on Monday, reaching $258.80. The company’s stock had a trading volume of 31,252 shares, compared to its average volume of 137,898. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $305.74. The business’s 50 day moving average is $258.16 and its 200 day moving average is $245.96. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.44. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 2.56 and a beta of 1.29.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.75 by $0.01. The company had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The business’s revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.64 EPS. As a group, research analysts forecast that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Insider Activity

In related news, SVP Deepak Nayar sold 1,305 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $250.25, for a total value of $326,576.25. Following the completion of the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at $1,158,657.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Deepak Nayar sold 1,305 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $250.25, for a total transaction of $326,576.25. Following the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at $1,158,657.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ryan K. Stafford sold 2,219 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $256.33, for a total transaction of $568,796.27. Following the sale, the executive vice president now owns 24,437 shares of the company’s stock, valued at approximately $6,263,936.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,938 shares of company stock worth $2,545,503. 2.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LFUS has been the topic of a number of recent research reports. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Thursday, May 2nd. Jefferies Financial Group initiated coverage on Littelfuse in a report on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price target for the company. Stifel Nicolaus boosted their price objective on Littelfuse from $240.00 to $250.00 and gave the stock a “hold” rating in a research note on Monday, July 15th. Baird R W upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 17th. Finally, Robert W. Baird raised Littelfuse from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $270.00 to $300.00 in a research report on Friday, May 17th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $270.00.

Littelfuse Company 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.