Jane Street Group LLC Cuts Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Jane Street Group LLC decreased its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 15.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,664 shares of the technology company's stock after selling 1,754 shares during the period. Jane Street Group LLC's holdings in Littelfuse were worth $2,277,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC raised its stake in Littelfuse by 52.7% in the 3rd quarter. Barclays PLC now owns 11,448 shares of the technology company's stock worth $3,037,000 after purchasing an additional 3,949 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Littelfuse by 4.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,066 shares of the technology company's stock valued at $723,000 after buying an additional 135 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Littelfuse by 8.0% in the 4th quarter. Park Avenue Securities LLC now owns 2,844 shares of the technology company's stock valued at $670,000 after buying an additional 211 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Littelfuse by 1.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 23,707 shares of the technology company's stock valued at $5,587,000 after buying an additional 271 shares in the last quarter. Finally, D.B. Root & Company LLC raised its position in shares of Littelfuse by 9.2% in the 4th quarter. D.B. Root & Company LLC now owns 4,439 shares of the technology company's stock valued at $1,046,000 after buying an additional 375 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on LFUS shares. Oppenheimer dropped their target price on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Robert W. Baird upped their price target on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. StockNews.com raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Tuesday, May 6th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research note on Wednesday, April 30th. Finally, Baird R W lowered shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $252.25.

Littelfuse Stock Performance

Shares of LFUS traded down $2.16 during trading hours on Monday, hitting $216.56. The company's stock had a trading volume of 188,633 shares, compared to its average volume of 158,805. The business has a 50 day simple moving average of $186.67 and a two-hundred day simple moving average of $221.24. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 48.12, 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 earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.37. The business had revenue of $554.31 million during the quarter, compared to analyst estimates of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. Littelfuse's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 earnings per share. On average, equities 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. Investors of record on Thursday, May 22nd will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 1.29%. Littelfuse's dividend payout ratio is currently 64.81%.

Insider Activity at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of the company's stock in a transaction dated Monday, May 5th. The shares were 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 of the company's stock, valued at $1,180,062.50. This represents a 19.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by company insiders.

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.