Vest Financial LLC Purchases New Shares in Littelfuse, Inc. (NASDAQ:LFUS)

Vest Financial LLC purchased a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,939 shares of the technology company's stock, valued at approximately $578,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC grew its position in Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock valued at $29,000 after buying an additional 105 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of Littelfuse during the 4th quarter worth $40,000. Smartleaf Asset Management LLC grew its position in shares of Littelfuse by 548.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock valued at $44,000 after acquiring an additional 159 shares during the period. Parallel Advisors LLC increased its stake in shares of 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 in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Littelfuse by 2,746.7% in the 4th quarter. Venturi Wealth Management LLC now owns 427 shares of the technology company's stock worth $101,000 after purchasing an additional 412 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Price Performance

Shares of NASDAQ:LFUS traded up $2.20 during trading on Thursday, hitting $226.58. 210,307 shares of the company's stock were exchanged, compared to its average volume of 164,067. The business's 50-day simple moving average is $190.57 and its 200 day simple moving average is $217.21. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 50.35, a PEG ratio of 2.24 and a beta of 1.38. Littelfuse, Inc. has a 52-week low of $142.10 and a 52-week high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings data 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. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The business had revenue of $554.31 million during the quarter, compared to analyst estimates of $537.60 million. During the same period last year, the firm posted $1.76 EPS. The company's revenue was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, May 22nd. Littelfuse's payout ratio is currently 64.81%.

Insider Buying and Selling at Littelfuse

In related news, SVP Deepak Nayar sold 1,477 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the sale, the senior vice president now directly owns 5,975 shares in the company, valued at approximately $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LFUS shares. Wall Street Zen lowered Littelfuse from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. 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 research note on Thursday, May 1st. Robert W. Baird lifted their price target on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Finally, Baird R W cut shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $252.25.

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.