Mirae Asset Global Investments Co. Ltd. raised its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 41.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,313 shares of the technology company's stock after purchasing an additional 13,366 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.18% of Littelfuse worth $12,124,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in LFUS. Townsquare Capital LLC increased its stake in shares of Littelfuse by 1.7% during the fourth quarter. Townsquare Capital LLC now owns 2,394 shares of the technology company's stock valued at $527,000 after acquiring an additional 40 shares during the period. Raymond James Trust N.A. increased its stake in shares of Littelfuse by 4.1% during the fourth quarter. Raymond James Trust N.A. now owns 1,156 shares of the technology company's stock valued at $309,000 after acquiring an additional 45 shares during the period. J.P. Morgan Private Wealth Advisors LLC increased its stake in shares of Littelfuse by 0.8% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 5,528 shares of the technology company's stock valued at $1,367,000 after acquiring an additional 46 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Littelfuse by 33.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company's stock valued at $44,000 after acquiring an additional 50 shares during the period. Finally, Utah Retirement Systems increased its stake in shares of Littelfuse by 1.2% during the fourth quarter. Utah Retirement Systems now owns 4,318 shares of the technology company's stock valued at $951,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.
Insider Buying and Selling
In related news, SVP Matthew Cole sold 916 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $248.18, for a total value of $227,332.88. Following the completion of the transaction, the senior vice president now owns 5,530 shares of the company's stock, valued at approximately $1,372,435.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Littelfuse news, SVP Matthew Cole sold 916 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $248.18, for a total value of $227,332.88. Following the completion of the sale, the senior vice president now owns 5,530 shares in the company, valued at approximately $1,372,435.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ryan K. Stafford sold 1,932 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $243.62, for a total transaction of $470,673.84. Following the completion of the sale, the executive vice president now owns 24,155 shares of the company's stock, valued at approximately $5,884,641.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,370 shares of company stock valued at $1,064,413. Company insiders own 2.30% of the company's stock.
Littelfuse Price Performance
NASDAQ:LFUS traded down $7.77 during trading hours on Friday, reaching $231.19. 82,787 shares of the company's stock were exchanged, compared to its average volume of 148,804. The company has a market capitalization of $5.76 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 2.06 and a beta of 1.34. Littelfuse, Inc. has a 12 month low of $212.80 and a 12 month high of $309.94. The company has a quick ratio of 2.49, a current ratio of 3.75 and a debt-to-equity ratio of 0.35. The business's 50-day simple moving average is $238.06 and its two-hundred day simple moving average is $240.23.
Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share for the quarter, hitting analysts' consensus estimates of $2.02. Littelfuse had a net margin of 10.98% and a return on equity of 12.35%. The firm had revenue of $533.80 million during the quarter, compared to analysts' expectations of $535.76 million. During the same period last year, the firm posted $3.34 earnings per share. The firm's revenue for the quarter was down 12.9% compared to the same quarter last year. Sell-side analysts expect that Littelfuse, Inc. will post 9.44 EPS for the current fiscal year.
Littelfuse Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, February 21st. Littelfuse's dividend payout ratio is 25.15%.
Wall Street Analyst Weigh In
A number of research firms recently commented on LFUS. Jefferies Financial Group began coverage on shares of Littelfuse in a research note on Tuesday. They set a "hold" rating and a $260.00 price objective on the stock. StockNews.com cut shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Saturday, March 30th.
Read Our Latest Analysis on Littelfuse
Littelfuse Company Profile
(
Free Report)
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.
Further Reading
Before you consider Littelfuse, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Littelfuse wasn't on the list.
While Littelfuse currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
