GSA Capital Partners LLP Takes Position in Littelfuse, Inc. (NASDAQ:LFUS)

Key Points

• GSA Capital Partners LLP has acquired a new position in Littelfuse, Inc., purchasing 5,050 shares valued at approximately $994,000 during the first quarter.
• Littelfuse reported an EPS of $2.85 for the most recent quarter, surpassing analysts' estimates of $2.35, and its revenue increased by 9.8% year-over-year.
• The company announced a quarterly dividend increase to $0.75 per share, which reflects a 1.2% dividend yield and is payable to stockholders of record on August 21st.

GSA Capital Partners LLP acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,050 shares of the technology company's stock, valued at approximately $994,000.

Several other institutional investors have also recently made changes to their positions in LFUS. First Horizon Advisors Inc. lifted its position in shares of Littelfuse by 228.2% during the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock worth $25,000 after buying an additional 89 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Littelfuse by 30.5% in the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock worth $64,000 after buying an additional 76 shares during the last quarter. Parallel Advisors LLC increased its holdings in Littelfuse by 105.6% during the first quarter. Parallel Advisors LLC now owns 333 shares of the technology company's stock worth $66,000 after buying an additional 171 shares during the last quarter. Global X Japan Co. Ltd. boosted its stake in Littelfuse by 33.5% in the first quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company's stock valued at $68,000 after acquiring an additional 87 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Littelfuse by 5,642.9% in the first quarter. Farther Finance Advisors LLC now owns 402 shares of the technology company's stock valued at $78,000 after purchasing an additional 395 shares during the last quarter. Institutional investors own 96.14% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LFUS shares. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Wall Street Zen raised Littelfuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Oppenheimer decreased their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Robert W. Baird upped their target price on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $249.67.

Littelfuse Stock Performance

Shares of Littelfuse stock traded down $0.40 during midday trading on Tuesday, hitting $252.60. The company had a trading volume of 75,419 shares, compared to its average volume of 217,043. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 52.68, a PEG ratio of 2.15 and a beta of 1.41. The company has a quick ratio of 2.98, a current ratio of 4.06 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $226.74 and a 200 day simple moving average of $214.38. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.56.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.35 by $0.50. The company had revenue of $613.41 million for the quarter, compared to analyst estimates of $571.04 million. Littelfuse had a net margin of 5.30% and a return on equity of 9.74%. The firm's revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.97 earnings per share. As a group, analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.2%. This is an increase from Littelfuse's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, August 21st. Littelfuse's dividend payout ratio is presently 62.50%.

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.