Teacher Retirement System of Texas Buys 2,240 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Teacher Retirement System of Texas boosted its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 80.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,023 shares of the technology company's stock after acquiring an additional 2,240 shares during the period. Teacher Retirement System of Texas' holdings in Littelfuse were worth $988,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in Littelfuse by 228.2% in the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock valued at $25,000 after acquiring an additional 89 shares during the period. Fifth Third Bancorp boosted 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 purchasing an additional 76 shares during the period. Parallel Advisors LLC boosted its stake in Littelfuse by 105.6% in 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 during the period. Global X Japan Co. Ltd. boosted its stake in Littelfuse by 33.5% in 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 during the period. Finally, Farther Finance Advisors LLC boosted 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 worth $78,000 after purchasing an additional 395 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Insider Transactions at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of the firm'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 transaction, the senior vice president directly owned 5,975 shares of the company's stock, valued at approximately $1,180,062.50. This trade represents a 19.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LFUS. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Wall Street Zen raised shares of Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Oppenheimer decreased their target price on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. 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 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $252.25.

Littelfuse Price Performance

NASDAQ LFUS traded up $2.84 during trading on Thursday, reaching $233.11. The company's stock had a trading volume of 9,487 shares, compared to its average volume of 164,532. 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 firm has a fifty day moving average of $220.31 and a 200 day moving average of $214.39. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.56. The stock has a market capitalization of $5.76 billion, a PE ratio of 53.92, a P/E/G ratio of 2.08 and a beta of 1.39.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued 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. Littelfuse had a return on equity of 9.00% and a net margin of 4.89%. The firm had revenue of $554.31 million during the quarter, compared to analyst estimates of $537.60 million. During the same quarter in the previous year, the company posted $1.76 earnings per share. The company's revenue was up 3.5% compared to the same quarter last year. Analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, May 22nd. Littelfuse's dividend payout ratio (DPR) is currently 64.81%.

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.