5,626 Shares in Littelfuse, Inc. (NASDAQ:LFUS) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $1.11 million in Littelfuse, acquiring 5,626 shares, as reported in their latest 13F filing.
• Littelfuse recently increased its quarterly dividend to $0.75 per share, representing a 1.2% yield and marking an increase from the previous $0.70.
• Despite recent trading down by 2.5%, Littelfuse reported an earnings per share of $2.85 for the previous quarter, surpassing analyst expectations.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,626 shares of the technology company's stock, valued at approximately $1,107,000.

Other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. boosted 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 buying an additional 89 shares in the last quarter. 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 valued at $64,000 after buying an additional 76 shares in the last quarter. 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 valued at $66,000 after buying an additional 171 shares in the last quarter. 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 valued at $68,000 after buying an additional 87 shares in the last quarter. 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 valued at $78,000 after buying an additional 395 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LFUS shares. Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Wall Street Zen raised Littelfuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Oppenheimer dropped their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Finally, Robert W. Baird upped their price objective on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $249.67.

Littelfuse Price Performance

Shares of NASDAQ LFUS traded down $1.51 during mid-day trading on Wednesday, hitting $250.09. 103,228 shares of the stock traded hands, compared to its average volume of 216,840. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.06 and a quick ratio of 2.98. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $275.56. The company has a market cap of $6.20 billion, a PE ratio of 51.97, a price-to-earnings-growth ratio of 2.17 and a beta of 1.41. The firm has a 50 day simple moving average of $228.48 and a two-hundred day simple moving average of $214.77.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.85 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $571.04 million. During the same quarter last year, the business posted $1.97 EPS. Littelfuse's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities research analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Increases Dividend

The business 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 dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 21st. This is a boost from Littelfuse's previous quarterly dividend of $0.70. Littelfuse's dividend payout ratio (DPR) is presently 58.33%.

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.