New York State Common Retirement Fund Acquires 1,285 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

New York State Common Retirement Fund grew its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,482 shares of the technology company's stock after acquiring an additional 1,285 shares during the period. New York State Common Retirement Fund owned 0.58% of Littelfuse worth $28,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas raised its stake in shares of Littelfuse by 80.5% in the first quarter. Teacher Retirement System of Texas now owns 5,023 shares of the technology company's stock worth $988,000 after acquiring an additional 2,240 shares during the last quarter. Millennium Management LLC lifted its stake in Littelfuse by 806.0% in the fourth quarter. Millennium Management LLC now owns 19,253 shares of the technology company's stock valued at $4,537,000 after buying an additional 17,128 shares in the last quarter. Palisade Capital Management LP lifted its stake in Littelfuse by 6.5% in the first quarter. Palisade Capital Management LP now owns 183,400 shares of the technology company's stock valued at $36,082,000 after buying an additional 11,157 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Littelfuse during the fourth quarter worth $5,892,000. Finally, GAMMA Investing LLC boosted its holdings in Littelfuse by 206.4% during the first quarter. GAMMA Investing LLC now owns 576 shares of the technology company's stock worth $113,000 after purchasing an additional 388 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

Insider Transactions at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the sale, the senior vice president directly owned 5,975 shares in the company, valued at $1,180,062.50. This represents a 19.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Wednesday, May 28th. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Robert W. Baird raised their price target on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Finally, Oppenheimer dropped their price objective on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $252.25.

Littelfuse Stock Up 0.9%

NASDAQ LFUS traded up $2.04 during mid-day trading on Wednesday, hitting $230.27. The company's stock had a trading volume of 107,581 shares, compared to its average volume of 165,139. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $275.56. The company has a current ratio of 3.88, a quick ratio of 2.75 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 53.30, a PEG ratio of 2.08 and a beta of 1.39. The company's 50 day simple moving average is $220.31 and its 200 day simple moving average is $214.39.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.37. The company had revenue of $554.31 million for the quarter, compared to analysts' expectations of $537.60 million. Littelfuse had a return on equity of 9.00% and a net margin of 4.89%. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 EPS. Analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, May 22nd. Littelfuse's dividend payout ratio is currently 64.81%.

About Littelfuse

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.