Neuberger Berman Group LLC Lowers Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Key Points

• Neuberger Berman Group LLC reduced its stake in Littelfuse, Inc. by 0.5%, selling 4,922 shares and holding approximately 4.22% of the company valued at $205 million.
• Littelfuse announced a quarterly dividend increase from $0.70 to $0.75 per share, representing an annualized dividend of $3.00 and a yield of 1.2%.
• Analysts have issued mixed ratings for Littelfuse, with a consensus rating of Moderate Buy and a price target of approximately $249.67.

Neuberger Berman Group LLC lessened its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 0.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,042,103 shares of the technology company's stock after selling 4,922 shares during the quarter. Neuberger Berman Group LLC owned about 4.22% of Littelfuse worth $205,023,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LFUS. Raymond James Financial Inc. bought a new stake in shares of Littelfuse during the 4th quarter valued at approximately $32,865,000. GAMMA Investing LLC grew its holdings in shares of Littelfuse by 60,177.7% during the 1st quarter. GAMMA Investing LLC now owns 113,322 shares of the technology company's stock valued at $22,295,000 after purchasing an additional 113,134 shares during the last quarter. BLI Banque de Luxembourg Investments bought a new stake in shares of Littelfuse during the 4th quarter valued at approximately $16,250,000. Ameriprise Financial Inc. grew its holdings in shares of Littelfuse by 119.4% during the 4th quarter. Ameriprise Financial Inc. now owns 116,940 shares of the technology company's stock valued at $27,557,000 after purchasing an additional 63,632 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Littelfuse during the 1st quarter valued at approximately $11,619,000. Institutional investors and hedge funds own 96.14% of the company's stock.

Littelfuse Trading Down 2.2%

Shares of NASDAQ:LFUS traded down $5.69 during mid-day trading on Friday, hitting $250.64. The company had a trading volume of 93,223 shares, compared to its average volume of 219,282. The firm has a fifty day moving average price of $235.14 and a 200 day moving average price of $215.96. The company has a market capitalization of $6.21 billion, a PE ratio of 52.22, a price-to-earnings-growth ratio of 2.20 and a beta of 1.41. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.06 and a quick ratio of 2.98. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.56.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.85 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $0.50. The business had revenue of $613.41 million during the quarter, compared to analyst estimates of $571.04 million. Littelfuse had a net margin of 5.30% and a return on equity of 9.74%. Littelfuse's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.97 EPS. As a group, research analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 21st. This is a positive change from Littelfuse's previous quarterly dividend of $0.70. Littelfuse's dividend payout ratio (DPR) is currently 58.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LFUS. Robert W. Baird lifted their price target on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Littelfuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research report on Wednesday, May 28th. 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. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Littelfuse currently has an average rating of "Moderate Buy" and a consensus price target of $234.50.

Insider Activity

In related news, Director T J. Chung sold 2,343 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $246.11, for a total value of $576,635.73. Following the transaction, the director directly owned 18,730 shares of the company's stock, valued at approximately $4,609,640.30. The trade was a 11.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by insiders.

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.