New Age Alpha Advisors LLC Sells 1,419 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

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 decreased its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 28.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in Littelfuse by 228.2% during the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Littelfuse by 30.5% during the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock worth $64,000 after purchasing an additional 76 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Littelfuse by 105.6% during the 1st quarter. Parallel Advisors LLC now owns 333 shares of the technology company's stock worth $66,000 after purchasing an additional 171 shares in the last quarter. Global X Japan Co. Ltd. lifted its holdings in Littelfuse by 33.5% during the 1st quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company's stock worth $68,000 after purchasing an additional 87 shares in the last quarter. Finally, Bayforest Capital Ltd lifted its holdings in Littelfuse by 42.8% during the 1st quarter. Bayforest Capital Ltd now owns 367 shares of the technology company's stock worth $72,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Insider Activity at Littelfuse

In other Littelfuse news, Director T J. Chung sold 2,343 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $246.11, for a total transaction of $576,635.73. Following the completion of the sale, the director directly owned 18,730 shares in the company, valued at $4,609,640.30. The trade was a 11.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Robert W. Baird upped their target price on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Oppenheimer decreased 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. Finally, Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Littelfuse currently has an average rating of "Moderate Buy" and a consensus price target of $249.67.

Littelfuse Trading Up 1.3%

LFUS stock traded up $3.36 during trading on Wednesday, hitting $258.61. 90,791 shares of the company traded hands, compared to its average volume of 214,387. The firm has a market capitalization of $6.41 billion, a PE ratio of 53.88, a P/E/G ratio of 2.11 and a beta of 1.41. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $275.56. The company has a 50-day moving average of $232.68 and a 200-day moving average of $215.26. 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 released its 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. Littelfuse had a return on equity of 9.74% and a net margin of 5.30%. The company had revenue of $613.41 million during the quarter, compared to analysts' expectations of $571.04 million. During the same quarter last year, the business posted $1.97 EPS. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

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

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.