Cypress Advisory Group LLC Makes New $640,000 Investment in Littelfuse, Inc. (NASDAQ:LFUS)

Cypress Advisory Group LLC acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,715 shares of the technology company's stock, valued at approximately $640,000.

Several other institutional investors have also recently made changes to their positions in LFUS. Quent Capital LLC grew its stake 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 buying an additional 105 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings 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 purchasing an additional 105 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in Littelfuse in the 4th quarter worth about $40,000. Smartleaf Asset Management LLC increased its position 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 worth $44,000 after acquiring an additional 159 shares during the period. Finally, Global X Japan Co. Ltd. increased its holdings in Littelfuse by 221.0% during the 4th quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company's stock worth $61,000 after purchasing an additional 179 shares during the period. Institutional investors own 96.14% of the company's stock.

Littelfuse Stock Down 2.8 %

Littelfuse stock traded down $5.52 during mid-day trading on Tuesday, hitting $190.38. The company had a trading volume of 72,638 shares, compared to its average volume of 156,366. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $275.58. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 42.50, a PEG ratio of 2.24 and a beta of 1.38. The business has a fifty day moving average of $189.02 and a 200 day moving average of $224.14.

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

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders 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 annualized dividend and a dividend yield of 1.47%. Littelfuse's dividend payout ratio is currently 64.81%.

Insiders Place Their Bets

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction on Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the completion of the sale, the senior vice president now owns 5,975 shares of the company's stock, valued at $1,180,062.50. The trade was a 19.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Oppenheimer dropped their price objective on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. StockNews.com lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research note on Wednesday, April 30th. Finally, Robert W. Baird raised their target price on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.