International Assets Investment Management LLC Purchases New Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

International Assets Investment Management LLC purchased a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 29,586 shares of the technology company's stock, valued at approximately $7,916,000. International Assets Investment Management LLC owned about 0.12% of Littelfuse as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC purchased a new position in shares of Littelfuse in the 3rd quarter worth approximately $27,000. Point72 Hong Kong Ltd purchased a new position in shares of Littelfuse in the 1st quarter worth approximately $33,000. DHJJ Financial Advisors Ltd. purchased a new position in shares of Littelfuse in the 3rd quarter worth approximately $43,000. Belpointe Asset Management LLC boosted its stake in shares of Littelfuse by 96.7% in the 1st quarter. Belpointe Asset Management LLC now owns 181 shares of the technology company's stock worth $49,000 after buying an additional 89 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Littelfuse by 33.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company's stock worth $44,000 after purchasing 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 stock in a transaction on Monday, February 12th. The stock was sold at an average price of $248.18, for a total value of $227,332.88. Following the transaction, the senior vice president now owns 5,530 shares of the company's stock, valued at $1,372,435.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Matthew Cole sold 916 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $248.18, for a total value of $227,332.88. Following the transaction, the senior vice president now owns 5,530 shares of the company's stock, valued at $1,372,435.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ryan K. Stafford sold 1,932 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $243.62, for a total value of $470,673.84. Following the completion of the transaction, the executive vice president now directly owns 24,155 shares in the company, valued at approximately $5,884,641.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,370 shares of company stock worth $1,064,413. Corporate insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LFUS shares. Jefferies Financial Group started coverage on shares of Littelfuse in a report on Tuesday, April 9th. They issued a "hold" rating and a $260.00 price target on the stock. StockNews.com cut shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Saturday, March 30th.

Littelfuse Stock Performance

LFUS stock traded down $7.77 during midday trading on Friday, reaching $231.19. 82,787 shares of the company's stock traded hands, compared to its average volume of 158,064. The company has a 50-day moving average price of $238.06 and a two-hundred day moving average price of $240.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.49 and a current ratio of 3.75. Littelfuse, Inc. has a 52 week low of $212.80 and a 52 week high of $309.94. The firm has a market capitalization of $5.76 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.34.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $2.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.02. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The company had revenue of $533.80 million for the quarter, compared to the consensus estimate of $535.76 million. During the same quarter last year, the business posted $3.34 earnings per share. The firm's revenue was down 12.9% compared to the same quarter last year. As a group, equities analysts anticipate that Littelfuse, Inc. will post 9.44 EPS for the current year.

Littelfuse Dividend Announcement

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

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.