Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC reduced its stake in Littelfuse, Inc. by 28.5% during the first quarter, holding 3,567 shares worth $702,000 after selling 1,419 shares.
• Littelfuse recently posted quarterly earnings of $2.85 EPS, surpassing estimates, with quarterly revenue of $613.41 million, a 9.8% year-over-year increase.
• The company has declared a $0.75 quarterly dividend, an increase from the previous $0.70, reflecting an annualized yield of 1.2%.

New Age Alpha Advisors LLC lessened its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 28.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,567 shares of the technology company's stock after selling 1,419 shares during the period. New Age Alpha Advisors LLC's holdings in Littelfuse were worth $702,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LFUS. T. Rowe Price Investment Management Inc. increased its stake in Littelfuse by 7.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company's stock worth $179,895,000 after purchasing an additional 55,835 shares during the period. Dimensional Fund Advisors LP increased its stake in Littelfuse by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 442,554 shares of the technology company's stock worth $104,287,000 after purchasing an additional 22,287 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its stake in Littelfuse by 4.4% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 441,972 shares of the technology company's stock worth $104,151,000 after purchasing an additional 18,483 shares during the period. Westwood Holdings Group Inc. increased its stake in Littelfuse by 2.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 347,364 shares of the technology company's stock worth $81,856,000 after purchasing an additional 9,705 shares during the period. Finally, Northern Trust Corp increased its stake in Littelfuse by 15.0% in the fourth quarter. Northern Trust Corp now owns 236,960 shares of the technology company's stock worth $55,840,000 after purchasing an additional 30,855 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

Littelfuse Stock Down 1.6%

LFUS stock traded down $3.90 during trading on Monday, reaching $245.41. 118,071 shares of the company traded hands, compared to its average volume of 215,731. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.56. The business has a 50 day simple moving average of $231.82 and a 200 day simple moving average of $214.98. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 51.13, a price-to-earnings-growth ratio of 2.14 and a beta of 1.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.98 and a current ratio of 4.06.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.85 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $0.50. Littelfuse had a return on equity of 9.74% and a net margin of 5.30%. The company had revenue of $613.41 million for the quarter, compared to the consensus estimate of $571.04 million. During the same quarter last year, the company earned $1.97 earnings per share. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 21st. This is an increase from Littelfuse's previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 1.2%. Littelfuse's dividend payout ratio is 62.50%.

Analysts Set New Price Targets

LFUS has been the topic of a number of recent analyst reports. Oppenheimer reduced their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Robert W. Baird raised their price target on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Littelfuse has a consensus rating of "Moderate Buy" and a consensus target price of $249.67.

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.