State of Alaska Department of Revenue Sells 9,925 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

State of Alaska Department of Revenue lowered its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 58.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,976 shares of the technology company's stock after selling 9,925 shares during the quarter. State of Alaska Department of Revenue's holdings in Littelfuse were worth $1,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Everhart Financial Group Inc. boosted its stake in shares of Littelfuse by 11.9% in the 1st quarter. Everhart Financial Group Inc. now owns 1,068 shares of the technology company's stock worth $210,000 after buying an additional 114 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Littelfuse by 30.5% during the first quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock worth $64,000 after acquiring an additional 76 shares during the period. GAMMA Investing LLC boosted its position in Littelfuse by 206.4% in 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. Harbor Capital Advisors Inc. grew its stake in Littelfuse by 4.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 5,787 shares of the technology company's stock valued at $1,139,000 after purchasing an additional 227 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Littelfuse by 5,642.9% in the 1st quarter. Farther Finance Advisors LLC now owns 402 shares of the technology company's stock valued at $78,000 after purchasing an additional 395 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Robert W. Baird lifted their price objective on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Wednesday, May 28th. Wall Street Zen upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Oppenheimer dropped their price objective on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Littelfuse has an average rating of "Hold" and an average price target of $252.25.

Littelfuse Stock Performance

NASDAQ:LFUS traded down $0.83 on Friday, reaching $225.65. 169,095 shares of the company's stock were exchanged, compared to its average volume of 164,184. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 52.23, a P/E/G ratio of 2.05 and a beta of 1.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.88 and a quick ratio of 2.75. The stock has a fifty day simple moving average of $206.31 and a 200-day simple moving average of $214.82. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $0.37. The business had revenue of $554.31 million for the quarter, compared to analysts' expectations of $537.60 million. Littelfuse had a net margin of 4.89% and a return on equity of 9.00%. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Thursday, May 22nd. Littelfuse's dividend payout ratio is presently 64.81%.

Insider Transactions at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $197.50, for a total value of $291,707.50. Following the transaction, the senior vice president now owns 5,975 shares of the company's stock, valued at approximately $1,180,062.50. This represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.50% of the company's stock.

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.