D. E. Shaw & Co. Inc. Acquires 17,444 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

D. E. Shaw & Co. Inc. increased its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 47.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,535 shares of the technology company's stock after purchasing an additional 17,444 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.22% of Littelfuse worth $12,851,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LFUS. Barclays PLC lifted its holdings in shares of Littelfuse by 52.7% during the 3rd quarter. Barclays PLC now owns 11,448 shares of the technology company's stock worth $3,037,000 after acquiring an additional 3,949 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Littelfuse by 4.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,066 shares of the technology company's stock worth $723,000 after acquiring an additional 135 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of Littelfuse by 24.7% during the 4th quarter. Moody National Bank Trust Division now owns 4,547 shares of the technology company's stock worth $1,072,000 after acquiring an additional 902 shares during the last quarter. Park Avenue Securities LLC increased its position in Littelfuse by 8.0% during the fourth quarter. Park Avenue Securities LLC now owns 2,844 shares of the technology company's stock worth $670,000 after acquiring an additional 211 shares during the period. Finally, Wedge Capital Management L L P NC lifted its position in shares of Littelfuse by 1.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 23,707 shares of the technology company's stock worth $5,587,000 after buying an additional 271 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Stock Down 0.6%

Shares of NASDAQ:LFUS traded down $1.33 on Monday, hitting $217.39. 30,907 shares of the company's stock were exchanged, compared to its average volume of 158,193. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year high of $275.58. The company has a market capitalization of $5.37 billion, a PE ratio of 48.12, a P/E/G ratio of 2.24 and a beta of 1.38. The firm's 50-day moving average is $186.67 and its 200 day moving average is $221.24.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings results 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 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 for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.76 EPS. Sell-side analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a $0.70 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.29%. Littelfuse's payout ratio is presently 64.81%.

Wall Street Analysts Forecast Growth

LFUS has been the topic of several research reports. Robert W. Baird lifted their price objective on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research note on Wednesday, April 30th. Finally, 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $252.25.

Insider Activity

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

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.