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

GAMMA Investing LLC lifted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 60,177.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 113,322 shares of the technology company's stock after buying 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 SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LFUS. Barclays PLC increased its holdings in 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 purchasing an additional 3,949 shares during the last quarter. Trust Point Inc. increased its stake in shares of Littelfuse by 214.6% in the fourth quarter. Trust Point Inc. now owns 3,171 shares of the technology company's stock worth $747,000 after buying an additional 2,163 shares during the last quarter. Tectonic Advisors LLC boosted its stake in Littelfuse by 12.4% during the 4th quarter. Tectonic Advisors LLC now owns 1,841 shares of the technology company's stock valued at $434,000 after acquiring an additional 203 shares during the last quarter. Global X Japan Co. Ltd. lifted its position in shares of Littelfuse by 221.0% during the fourth 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 last quarter. Finally, Lecap Asset Management Ltd. bought a new stake in Littelfuse in the fourth quarter valued at about $378,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LFUS has been the topic of a number of research analyst reports. Oppenheimer reduced their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Benchmark reaffirmed 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. Robert W. Baird raised their price target 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. Finally, Wall Street Zen lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Littelfuse currently has an average rating of "Hold" and an average target price of $252.25.

Littelfuse Stock Performance

NASDAQ:LFUS traded up $3.51 during midday trading on Friday, reaching $217.69. 102,011 shares of the company traded hands, compared to its average volume of 162,915. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $275.58. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The company has a fifty day moving average price of $186.82 and a 200 day moving average price of $217.67.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings data 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 business had revenue of $554.31 million for the quarter, compared to analysts' expectations of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The company's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 EPS. On average, analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

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

Insider Activity

In other Littelfuse 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 value of $291,707.50. Following the transaction, the senior vice president now owns 5,975 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is owned by 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.