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

Millennium Management LLC boosted its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 806.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,253 shares of the technology company's stock after acquiring 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 Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LFUS. Norges Bank bought a new position in Littelfuse during the 4th quarter worth about $131,579,000. Raymond James Financial Inc. bought a new position in Littelfuse during the 4th quarter worth about $32,865,000. BLI Banque de Luxembourg Investments purchased a new stake in shares of Littelfuse during the fourth quarter valued at about $16,250,000. Ameriprise Financial Inc. lifted its position in shares of Littelfuse by 119.4% during the fourth quarter. Ameriprise Financial Inc. now owns 116,940 shares of the technology company's stock valued at $27,557,000 after buying an additional 63,632 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Littelfuse by 7.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company's stock valued at $179,895,000 after buying an additional 55,835 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Insider Activity

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of Littelfuse 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 sale, the senior vice president now owns 5,975 shares of the company's stock, valued at $1,180,062.50. The trade was a 19.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.50% of the company's stock.

Littelfuse Stock Performance

Shares of Littelfuse stock traded up $9.57 during midday trading on Tuesday, hitting $212.41. The company had a trading volume of 221,982 shares, compared to its average volume of 162,048. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 47.20, a PEG ratio of 2.24 and a beta of 1.38. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $186.19 and a 200 day simple moving average of $217.86. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $554.31 million during the quarter, compared to analyst estimates of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. Littelfuse's revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $1.76 EPS. As a group, analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse's dividend payout ratio is presently 64.81%.

Analyst Ratings Changes

Several analysts have commented on the stock. Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Wednesday, May 28th. Oppenheimer decreased their price target 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. 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 research report on Wednesday, May 21st. Finally, Robert W. Baird increased their price target 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. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $252.25.

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.