GAMMA Investing LLC Purchases 113,134 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

GAMMA Investing LLC lifted its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 60,177.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 113,322 shares of the technology company's stock after purchasing an additional 113,134 shares during the quarter. GAMMA Investing LLC owned 0.46% of Littelfuse worth $22,295,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LFUS. Quent Capital LLC increased its position in shares of Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock worth $29,000 after acquiring an additional 105 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in Littelfuse in the 4th quarter worth approximately $40,000. Smartleaf Asset Management LLC grew its position in Littelfuse by 548.3% during 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. Global X Japan Co. Ltd. raised its stake 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 period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Littelfuse by 2,746.7% in the fourth quarter. Venturi Wealth Management LLC now owns 427 shares of the technology company's stock valued at $101,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Littelfuse Stock Up 1.6%

LFUS stock traded up $3.51 during mid-day trading on Friday, hitting $217.69. The stock had a trading volume of 102,011 shares, compared to its average volume of 163,317. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year high of $275.58. The company has a fifty day moving average of $187.32 and a 200 day moving average of $217.23. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 48.38, a PEG ratio of 2.24 and a beta of 1.38.

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

Littelfuse Announces Dividend

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

Insider Activity at Littelfuse

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

Wall Street Analysts Forecast Growth

LFUS has been the topic of several recent analyst reports. Wall Street Zen lowered Littelfuse from a "buy" rating to a "hold" rating in a research report on Friday. Oppenheimer lowered their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Baird R W cut shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Robert W. Baird boosted their price objective on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Littelfuse 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.