Jupiter Asset Management Ltd. Raises Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Jupiter Asset Management Ltd. boosted its position in Littelfuse, Inc. (NASDAQ:LFUS) by 0.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 71,031 shares of the technology company’s stock after acquiring an additional 60 shares during the period. Jupiter Asset Management Ltd. owned about 0.29% of Littelfuse worth $17,214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LFUS. Citigroup Inc. grew its stake in Littelfuse by 12.9% in the 3rd quarter. Citigroup Inc. now owns 2,255 shares of the technology company’s stock worth $558,000 after acquiring an additional 257 shares during the period. Vanguard Group Inc. grew its stake in Littelfuse by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,632,292 shares of the technology company’s stock worth $651,018,000 after acquiring an additional 20,947 shares during the period. Raymond James Trust N.A. grew its stake in Littelfuse by 4.1% in the 4th quarter. Raymond James Trust N.A. now owns 1,156 shares of the technology company’s stock worth $309,000 after acquiring an additional 45 shares during the period. Handelsinvest Investeringsforvaltning purchased a new stake in Littelfuse in the 4th quarter worth approximately $429,000. Finally, Vest Financial LLC purchased a new stake in Littelfuse in the 4th quarter worth approximately $245,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Littelfuse

In related news, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,295,683.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Littelfuse news, SVP Deepak Nayar sold 1,305 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $250.25, for a total value of $326,576.25. Following the transaction, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,158,657.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Heinzmann sold 300 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total transaction of $81,951.00. Following the completion of the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,295,683.18. 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.

Littelfuse Stock Down 2.8 %

Shares of NASDAQ:LFUS traded down $7.40 during midday trading on Friday, hitting $259.53. 87,368 shares of the company’s stock traded hands, compared to its average volume of 117,608. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.44 and a current ratio of 3.57. The company has a market cap of $6.43 billion, a PE ratio of 29.73, a P/E/G ratio of 2.55 and a beta of 1.29. The firm’s fifty day moving average price is $257.51 and its two-hundred day moving average price is $245.63. Littelfuse, Inc. has a twelve month low of $212.80 and a twelve month high of $309.21.

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

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.60 annualized dividend and a dividend yield of 1.00%. Littelfuse’s payout ratio is 29.78%.

Wall Street Analyst Weigh In

LFUS has been the subject of several recent analyst reports. Robert W. Baird raised shares of Littelfuse from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $270.00 to $300.00 in a research note on Friday, May 17th. Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 17th. Stifel Nicolaus boosted their price objective on shares of Littelfuse from $240.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Jefferies Financial Group started coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They set a “hold” rating and a $260.00 price objective for the company. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Thursday, May 2nd. Four investment 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.