Tidal Investments LLC Sells 400 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Tidal Investments LLC cut its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,017 shares of the technology company’s stock after selling 400 shares during the period. Tidal Investments LLC’s holdings in Littelfuse were worth $1,182,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Littelfuse by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company’s stock valued at $661,508,000 after acquiring an additional 40,423 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of Littelfuse by 1.2% during the 4th quarter. Neuberger Berman Group LLC now owns 1,047,025 shares of the technology company’s stock valued at $246,732,000 after purchasing an additional 11,958 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Littelfuse by 7.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company’s stock worth $179,895,000 after purchasing an additional 55,835 shares during the period. Norges Bank purchased a new stake in shares of Littelfuse in the fourth quarter worth $131,579,000. Finally, Victory Capital Management Inc. boosted its stake in Littelfuse by 0.4% during the fourth quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company’s stock valued at $121,048,000 after buying an additional 2,056 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Price Performance

Shares of Littelfuse stock opened at $205.40 on Friday. The firm has a market capitalization of $5.08 billion, a PE ratio of 45.64, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.58. The business’s 50-day moving average price is $186.92 and its 200-day moving average price is $220.05.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.37. The business had revenue of $554.31 million for the quarter, compared to analysts’ expectations of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $1.76 earnings per share. Sell-side analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse’s dividend payout ratio is presently 64.81%.

Insider Buying and Selling at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the transaction, the senior vice president now owns 5,975 shares in the company, valued at approximately $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LFUS shares. Robert W. Baird upped their target price on Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Oppenheimer decreased their price objective on shares of Littelfuse from $310.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Wall Street Zen downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, April 30th. Finally, Baird R W cut shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $252.25.

About Littelfuse

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.