Principal Securities Inc. Takes $50,000 Position in Littelfuse, Inc. (NASDAQ:LFUS)

Principal Securities Inc. purchased a new stake in Littelfuse, Inc. (NASDAQ:LFUS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 188 shares of the technology company’s stock, valued at approximately $50,000.

Other institutional investors have also made changes to their positions in the company. VisionPoint Advisory Group LLC bought a new stake in Littelfuse during the 3rd quarter worth about $27,000. SRS Capital Advisors Inc. boosted its holdings in shares of Littelfuse by 372.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company’s stock valued at $37,000 after buying an additional 108 shares during the last quarter. Kessler Investment Group LLC raised its stake in Littelfuse by 57.9% in the 4th quarter. Kessler Investment Group LLC now owns 589 shares of the technology company’s stock valued at $158,000 after acquiring an additional 216 shares during the period. Atria Wealth Solutions Inc. bought a new stake in Littelfuse in the 4th quarter valued at $208,000. Finally, OLD National Bancorp IN raised its stake in Littelfuse by 9.7% in the 3rd quarter. OLD National Bancorp IN now owns 862 shares of the technology company’s stock valued at $213,000 after acquiring an additional 76 shares during the period. 96.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on LFUS. Baird R W upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. Jefferies Financial Group started coverage on Littelfuse in a research note on Tuesday, April 9th. They set a “hold” rating and a $260.00 price target on the stock. StockNews.com downgraded Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Thursday, May 2nd. Finally, Robert W. Baird upgraded 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 report on Friday, May 17th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Littelfuse has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Trading Up 0.8 %

NASDAQ LFUS opened at $260.05 on Friday. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 2.54 and a beta of 1.32. Littelfuse, Inc. has a 52 week low of $212.80 and a 52 week high of $309.94. The business has a 50 day moving average price of $240.35 and a 200-day moving average price of $242.48. The company has a quick ratio of 2.44, a current ratio of 3.57 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.01. The company had revenue of $535.39 million for 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%. Littelfuse’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.64 earnings per share. As a group, equities analysts expect that Littelfuse, Inc. will post 8.59 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be given a $0.65 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $2.60 annualized dividend and a yield of 1.00%. Littelfuse’s dividend payout ratio is currently 29.78%.

Insiders Place Their Bets

In other news, SVP Deepak Nayar sold 1,305 shares of the company’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 owns 4,630 shares of the company’s stock, valued at approximately $1,158,657.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Meenal Sethna sold 6,114 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the sale, the chief financial officer now directly owns 22,432 shares in the company, valued at approximately $5,753,583.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Deepak Nayar sold 1,305 shares of the company’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 transaction, the senior vice president now owns 4,630 shares in the company, valued at $1,158,657.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,160 shares of company stock valued at $2,829,959. 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.