Voloridge Investment Management LLC Acquires New Position in Littelfuse, Inc. (NASDAQ:LFUS)

Voloridge Investment Management LLC purchased a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 17,722 shares of the technology company's stock, valued at approximately $4,176,000. Voloridge Investment Management LLC owned about 0.07% of Littelfuse at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LFUS. Atria Wealth Solutions Inc. boosted 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 buying an additional 50 shares during the period. Arizona State Retirement System boosted its position in Littelfuse by 0.7% during the 4th 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. Treasurer of the State of North Carolina boosted its position in Littelfuse by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock worth $2,529,000 after buying an additional 70 shares during the period. Assetmark Inc. boosted its position in Littelfuse by 11.4% during the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company's stock worth $189,000 after buying an additional 82 shares during the period. Finally, Snowden Capital Advisors LLC lifted its position in shares of Littelfuse by 0.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 16,413 shares of the technology company's stock worth $3,868,000 after purchasing an additional 86 shares during the period. 96.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Deepak Nayar sold 1,477 shares of the firm's stock in a transaction that occurred 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 in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is owned by company insiders.

Littelfuse Stock Down 1.6%

Shares of Littelfuse stock traded down $3.43 during trading on Friday, reaching $205.36. 169,493 shares of the company traded hands, compared to its average volume of 161,372. 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, Inc. has a 1-year low of $142.10 and a 1-year high of $275.58. The company has a 50 day moving average price of $186.32 and a 200-day moving average price of $218.38. The firm has a market capitalization of $5.08 billion, a PE ratio of 45.64, a P/E/G ratio of 2.24 and a beta of 1.38.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released 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 company had revenue of $554.31 million for the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. Littelfuse's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.76 EPS. As a group, equities research analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, May 22nd. Littelfuse's payout ratio is 64.81%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LFUS shares. Wall Street Zen downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Wednesday. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Robert W. Baird boosted their price target 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. Finally, Oppenheimer dropped their price target on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Littelfuse currently has an average rating of "Hold" and a consensus price target of $252.25.

Littelfuse Company 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.