Littelfuse, Inc. (NASDAQ:LFUS) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 151.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,974 shares of the technology company's stock after buying an additional 13,224 shares during the period. Squarepoint Ops LLC owned about 0.09% of Littelfuse worth $5,178,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. lifted its position in Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock valued at $225,000 after purchasing an additional 50 shares during the period. Arizona State Retirement System lifted its position in Littelfuse by 0.7% during the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock valued at $1,694,000 after purchasing an additional 51 shares during the period. Treasurer of the State of North Carolina lifted its position in Littelfuse by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock valued at $2,529,000 after purchasing an additional 70 shares during the period. Assetmark Inc. lifted its position in Littelfuse by 11.4% during the fourth quarter. Assetmark Inc. now owns 801 shares of the technology company's stock valued at $189,000 after purchasing an additional 82 shares during the period. Finally, Snowden Capital Advisors LLC lifted its position in Littelfuse by 0.5% during the fourth quarter. Snowden Capital Advisors LLC now owns 16,413 shares of the technology company's stock valued at $3,868,000 after purchasing an additional 86 shares during the period. Institutional investors own 96.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Wednesday. Robert W. Baird increased 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. Oppenheimer lowered their price objective on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Baird R W lowered shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $252.25.

Insider Buying and Selling at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $197.50, for a total transaction of $291,707.50. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

Littelfuse Price Performance

Shares of Littelfuse stock traded down $3.37 during trading hours on Friday, reaching $205.43. 21,841 shares of the company's stock were exchanged, compared to its average volume of 160,272. 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 $5.08 billion, a P/E ratio of 45.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. The business has a fifty day moving average of $186.54 and a two-hundred day moving average of $218.94. 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 (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.37. The firm 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 was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 EPS. As a group, research analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a $0.70 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 1.36%. Littelfuse's payout ratio is currently 64.81%.

Littelfuse Company 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.