Littelfuse, Inc. (NASDAQ:LFUS) Shares Acquired by Millennium Management LLC

Millennium Management LLC grew its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 806.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,253 shares of the technology company's stock after purchasing an additional 17,128 shares during the period. Millennium Management LLC owned about 0.08% of Littelfuse worth $4,537,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Littelfuse by 8.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,183 shares of the technology company's stock valued at $11,542,000 after purchasing an additional 3,879 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in shares of Littelfuse in the fourth quarter valued at about $233,000. Ethic Inc. bought a new stake in shares of Littelfuse during the 4th quarter worth approximately $395,000. Deutsche Bank AG grew its position in shares of Littelfuse by 478.1% in the 4th quarter. Deutsche Bank AG now owns 9,626 shares of the technology company's stock valued at $2,268,000 after acquiring an additional 7,961 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in Littelfuse by 47.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 54,535 shares of the technology company's stock worth $12,851,000 after buying an additional 17,444 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Littelfuse

In related news, SVP Deepak Nayar sold 1,477 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were 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 in the company, valued at approximately $1,180,062.50. This represents a 19.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on LFUS. Baird R W lowered shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Wall Street Zen lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Robert W. Baird increased their price objective on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Oppenheimer dropped their price target on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $252.25.

Littelfuse Stock Up 1.4%

Shares of NASDAQ LFUS traded up $2.77 during trading on Tuesday, reaching $205.61. The company had a trading volume of 49,669 shares, compared to its average volume of 161,184. The stock has a market cap of $5.08 billion, a PE ratio of 45.69, a P/E/G ratio of 2.24 and a beta of 1.38. The business's 50-day moving average is $186.14 and its 200 day moving average is $217.90. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.58. 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 issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.37. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The business had revenue of $554.31 million during the quarter, compared to analysts' expectations of $537.60 million. During the same quarter in the prior year, the business posted $1.76 earnings per share. The business's quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

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

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.