Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 17.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 162,329 shares of the technology company's stock after selling 35,322 shares during the period. Bank of America Corp DE owned about 0.65% of Littelfuse worth $38,253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quent Capital LLC lifted its holdings in shares of Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock valued at $29,000 after purchasing an additional 105 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock worth $38,000 after acquiring an additional 105 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Littelfuse during the fourth quarter valued at $40,000. Smartleaf Asset Management LLC boosted its stake in Littelfuse by 548.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock worth $44,000 after purchasing an additional 159 shares in the last quarter. Finally, Global X Japan Co. Ltd. grew its position in Littelfuse by 221.0% during the 4th 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 last quarter. Institutional investors own 96.14% of the company's stock.

Wall Street Analyst Weigh In

LFUS has been the topic of several research reports. Baird R W cut shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Wednesday, April 30th. StockNews.com upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th. Oppenheimer reduced their target price on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, Robert W. Baird increased 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Littelfuse presently has a consensus rating of "Hold" and an average price target of $252.25.

Insider Transactions at Littelfuse

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

Littelfuse Stock Performance

Shares of NASDAQ:LFUS traded down $2.16 during trading on Monday, hitting $216.56. The stock had a trading volume of 188,633 shares, compared to its average volume of 158,805. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.58. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 48.12, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. The stock has a 50-day simple moving average of $186.67 and a two-hundred day simple moving average of $221.24.

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

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse's dividend payout ratio is currently 64.81%.

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.