Schonfeld Strategic Advisors LLC Grows Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Schonfeld Strategic Advisors LLC grew its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 685.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,047 shares of the technology company's stock after purchasing an additional 7,023 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Littelfuse were worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Atria Wealth Solutions Inc. raised its holdings in shares of Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock valued at $225,000 after purchasing an additional 50 shares during the period. Arizona State Retirement System raised its holdings in shares of Littelfuse by 0.7% during the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock valued at $1,694,000 after purchasing an additional 51 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of Littelfuse by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock valued at $2,529,000 after purchasing an additional 70 shares during the period. Assetmark Inc. raised its holdings in shares of Littelfuse by 11.4% during the fourth quarter. Assetmark Inc. now owns 801 shares of the technology company's stock valued at $189,000 after purchasing an additional 82 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Littelfuse by 1.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,560 shares of the technology company's stock valued at $1,310,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

Littelfuse Stock Up 0.4%

LFUS stock traded up $0.77 during trading on Friday, reaching $197.57. The stock had a trading volume of 194,809 shares, compared to its average volume of 156,911. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.58. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The company's 50 day moving average is $186.43 and its two-hundred day moving average is $222.45. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 43.90, a P/E/G ratio of 2.24 and a beta of 1.38.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $537.60 million. During the same period in the prior year, the firm posted $1.76 EPS. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Thursday, May 22nd. Littelfuse's payout ratio is 64.81%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LFUS. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, April 30th. StockNews.com raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Oppenheimer decreased 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. Finally, Robert W. Baird boosted their target price 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $252.25.

Insiders Place Their Bets

In other Littelfuse 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 completion of the sale, the senior vice president now directly owns 5,975 shares of the company's stock, valued at approximately $1,180,062.50. This represents a 19.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by insiders.

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.