Oppenheimer & Co. Inc. Sells 6,877 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Oppenheimer & Co. Inc. cut its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 52.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,342 shares of the technology company's stock after selling 6,877 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Littelfuse were worth $1,248,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Atria Wealth Solutions Inc. grew its position in Littelfuse by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after purchasing an additional 50 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Littelfuse by 0.7% in the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock worth $1,694,000 after buying an additional 51 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Littelfuse by 1.1% in the first 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 period. Treasurer of the State of North Carolina grew its holdings in shares of Littelfuse by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock valued at $2,529,000 after buying an additional 70 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in 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 acquiring an additional 76 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

Littelfuse Stock Up 2.3%

NASDAQ:LFUS traded up $5.36 during mid-day trading on Wednesday, reaching $236.57. The stock had a trading volume of 108,980 shares, compared to its average volume of 163,546. The stock has a market cap of $5.85 billion, a P/E ratio of 54.77, a PEG ratio of 2.06 and a beta of 1.39. The business's 50 day moving average is $209.08 and its 200 day moving average is $214.56. 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, Inc. has a fifty-two week low of $142.10 and a fifty-two week high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.37. The company had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a return on equity of 9.00% and a net margin of 4.89%. The firm's revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.76 EPS. As a group, sell-side analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a $0.70 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.18%. Littelfuse's dividend payout ratio is 64.81%.

Insider Activity

In related news, SVP Deepak Nayar sold 1,477 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.50% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Baird R W lowered shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Robert W. Baird upped their price objective 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. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Wall Street Zen upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Finally, Oppenheimer cut their price objective on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $252.25.

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.