Littelfuse, Inc. (NASDAQ:LFUS) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 31,176 shares of the technology company’s stock after buying an additional 95 shares during the period. Retirement Systems of Alabama owned approximately 0.13% of Littelfuse worth $8,341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Freedom Day Solutions LLC purchased a new stake in shares of Littelfuse in the fourth quarter worth about $1,568,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Littelfuse by 41.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,313 shares of the technology company’s stock worth $12,124,000 after acquiring an additional 13,366 shares during the period. Hsbc Holdings PLC grew its position in Littelfuse by 11.8% in the third quarter. Hsbc Holdings PLC now owns 1,016 shares of the technology company’s stock valued at $251,000 after acquiring an additional 107 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Littelfuse by 160.0% during the fourth quarter. Federated Hermes Inc. now owns 158,506 shares of the technology company’s stock valued at $42,410,000 after purchasing an additional 97,535 shares during the period. Finally, First National Bank of Omaha lifted its position in shares of Littelfuse by 61.8% during the third quarter. First National Bank of Omaha now owns 37,673 shares of the technology company’s stock worth $9,317,000 after purchasing an additional 14,394 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Trading Up 3.6 %

NASDAQ LFUS opened at $247.40 on Friday. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 2.06 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.49. Littelfuse, Inc. has a 12 month low of $212.80 and a 12 month high of $309.94. The company’s fifty day moving average price is $234.88 and its two-hundred day moving average price is $239.35.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.64 EPS. As a group, research analysts predict that Littelfuse, Inc. will post 9.44 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be issued a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.05%. Littelfuse’s dividend payout ratio (DPR) is 29.78%.

Analyst Upgrades and Downgrades

LFUS has been the topic of several analyst reports. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Thursday. Finally, Jefferies Financial Group assumed coverage on Littelfuse in a report on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price target for the company.

Insider Activity at Littelfuse

In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of Littelfuse stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $243.62, for a total value of $470,673.84. Following the completion of the transaction, the executive vice president now owns 24,155 shares of the company’s stock, valued at $5,884,641.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $243.62, for a total value of $470,673.84. Following the transaction, the executive vice president now owns 24,155 shares of the company’s stock, valued at $5,884,641.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maggie Chu sold 1,522 shares of Littelfuse stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $240.74, for a total value of $366,406.28. Following the completion of the transaction, the senior vice president now owns 3,086 shares of the company’s stock, valued at $742,923.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,370 shares of company stock valued at $1,064,413. Corporate insiders own 2.30% of the company’s stock.

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.