Polar Capital Holdings Plc Sells 14,274 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Polar Capital Holdings Plc lowered its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 25.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,271 shares of the technology company's stock after selling 14,274 shares during the quarter. Polar Capital Holdings Plc owned about 0.17% of Littelfuse worth $9,726,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Quent Capital LLC boosted its holdings in shares of Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock worth $29,000 after acquiring an additional 105 shares during the period. Geneos Wealth Management Inc. increased its holdings in Littelfuse by 181.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock worth $38,000 after acquiring an additional 105 shares during the period. Bank of Jackson Hole Trust bought a new position in Littelfuse in the 4th quarter valued at $40,000. Smartleaf Asset Management LLC increased its holdings in shares of Littelfuse by 548.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock worth $44,000 after purchasing an additional 159 shares during the period. Finally, Global X Japan Co. Ltd. boosted its stake in Littelfuse by 221.0% during the fourth quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company's stock valued at $61,000 after buying an additional 179 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Robert W. Baird raised their price target on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Oppenheimer reduced their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a report 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 cut shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $252.25.

Littelfuse Trading Down 0.2%

LFUS traded down $0.46 during trading on Tuesday, hitting $216.10. 141,104 shares of the stock traded hands, compared to its average volume of 158,734. The firm has a market capitalization of $5.34 billion, a P/E ratio of 48.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month 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. The firm has a 50-day moving average of $186.91 and a 200 day moving average of $221.01.

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

Littelfuse Dividend Announcement

The business 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 $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, May 22nd. Littelfuse's dividend payout ratio (DPR) is currently 64.81%.

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.