MainStreet Investment Advisors LLC Cuts Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

MainStreet Investment Advisors LLC cut its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,043 shares of the technology company’s stock after selling 65 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Littelfuse were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Quent Capital LLC boosted its stake in Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after buying an additional 105 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after purchasing an additional 105 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Littelfuse during the fourth quarter valued at $40,000. Smartleaf Asset Management LLC boosted its stake in shares of Littelfuse by 548.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock valued at $44,000 after purchasing an additional 159 shares during the period. Finally, Global X Japan Co. Ltd. boosted its stake in shares of Littelfuse by 221.0% during the fourth quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company’s stock valued at $61,000 after purchasing an additional 179 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Deepak Nayar sold 1,477 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $197.50, for a total transaction of $291,707.50. Following the transaction, the senior vice president now owns 5,975 shares in the company, valued at $1,180,062.50. This represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Littelfuse Stock Down 0.8%

NASDAQ:LFUS opened at $218.13 on Thursday. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year high of $275.58. The company has a 50-day moving average of $186.50 and a 200 day moving average of $222.18. The firm has a market cap of $5.39 billion, a PE ratio of 48.47, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.37. The company had revenue of $554.31 million during the quarter, compared to analyst estimates of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share. As a group, research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a $0.70 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 1.28%. Littelfuse’s dividend payout ratio is presently 64.81%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Littelfuse from $182.00 to $194.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Oppenheimer lowered their target price on shares of Littelfuse from $310.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, April 30th. Finally, Baird R W lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $252.25.

Littelfuse 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.