Freedom Day Solutions LLC Invests $1.57 Million in Littelfuse, Inc. (NASDAQ:LFUS)

Freedom Day Solutions LLC purchased a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,862 shares of the technology company's stock, valued at approximately $1,568,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Louisiana State Employees Retirement System purchased a new position in shares of Littelfuse during the 4th quarter valued at $1,873,000. GHP Investment Advisors Inc. lifted its stake in shares of Littelfuse by 4.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 35,123 shares of the technology company's stock valued at $9,398,000 after purchasing an additional 1,451 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Littelfuse by 1.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 87,255 shares of the technology company's stock valued at $23,346,000 after purchasing an additional 1,522 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Littelfuse in the 4th quarter valued at $7,916,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Littelfuse by 41.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,313 shares of the technology company's stock valued at $12,124,000 after purchasing an additional 13,366 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Littelfuse news, SVP Matthew Cole sold 916 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $248.18, for a total transaction 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 SEC, which can be accessed through this hyperlink. In other news, SVP Maggie Chu sold 1,522 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $240.74, for a total transaction of $366,406.28. Following the transaction, the senior vice president now owns 3,086 shares in the company, valued at approximately $742,923.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Matthew Cole sold 916 shares of the business's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $248.18, for a total transaction of $227,332.88. Following the transaction, the senior vice president now owns 5,530 shares in the company, valued at approximately $1,372,435.40. The disclosure for this sale can be found here. Insiders sold a total of 4,370 shares of company stock valued at $1,064,413 in the last quarter. Insiders own 2.30% of the company's stock.

Littelfuse Stock Performance

Littelfuse stock traded down $7.77 on Friday, reaching $231.19. 82,787 shares of the stock were exchanged, compared to its average volume of 158,064. The stock has a market cap of $5.76 billion, a PE ratio of 22.36, a PEG ratio of 2.11 and a beta of 1.34. The company has a current ratio of 3.75, a quick ratio of 2.49 and a debt-to-equity ratio of 0.35. Littelfuse, Inc. has a twelve month low of $212.80 and a twelve month high of $309.94. The firm has a fifty day moving average price of $238.06 and a two-hundred day moving average price of $240.20.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released 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. The firm had revenue of $533.80 million during the quarter, compared to analyst estimates of $535.76 million. Littelfuse had a net margin of 10.98% and a return on equity of 12.35%. The business's revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.34 EPS. Sell-side analysts anticipate that Littelfuse, Inc. will post 9.44 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Wednesday, February 21st. Littelfuse's dividend payout ratio is 25.15%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LFUS. Jefferies Financial Group began coverage on shares of Littelfuse in a research note on Tuesday. They issued a "hold" rating and a $260.00 price objective for the company. StockNews.com lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Saturday, March 30th.

Littelfuse 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.