MQS Management LLC Purchases New Position in Littelfuse, Inc. (NASDAQ:LFUS)

MQS Management LLC acquired a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,731 shares of the technology company's stock, valued at approximately $341,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. lifted its position in shares of Littelfuse by 1.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,142 shares of the technology company's stock worth $1,208,000 after buying an additional 69 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Littelfuse by 0.7% in the 4th quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock worth $2,529,000 after buying an additional 70 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Littelfuse by 30.5% in the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock worth $64,000 after buying an additional 76 shares during the last quarter. Snowden Capital Advisors LLC lifted its position in shares of Littelfuse by 0.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 16,413 shares of the technology company's stock worth $3,868,000 after buying an additional 86 shares during the last quarter. Finally, Global X Japan Co. Ltd. lifted its position in shares of Littelfuse by 33.5% in the 1st quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company's stock worth $68,000 after buying an additional 87 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on LFUS shares. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research report on Wednesday, May 28th. Oppenheimer cut their price objective 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. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Robert W. Baird lifted 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. Finally, Wall Street Zen upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $252.25.

Littelfuse Stock Performance

LFUS stock traded up $0.27 on Friday, reaching $233.74. 39,339 shares of the company were exchanged, compared to its average volume of 213,013. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.56. The stock's fifty day moving average price is $221.04 and its 200 day moving average price is $214.38. The firm has a market capitalization of $5.78 billion, a PE ratio of 54.11, a PEG ratio of 2.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.88 and a quick ratio of 2.75.

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 (EPS) 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 analyst estimates of $537.60 million. Littelfuse had a net margin of 4.89% and a return on equity of 9.00%. The business's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 EPS. On average, research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, May 22nd. Littelfuse's payout ratio is 64.81%.

Insider Buying and Selling at Littelfuse

In related news, SVP Deepak Nayar sold 1,477 shares of the company's 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 transaction, the senior vice president owned 5,975 shares in the company, valued at $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 is available at the SEC website. Insiders own 2.50% of the company's stock.

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.