GYL Financial Synergies LLC bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,676 shares of the technology company’s stock, valued at approximately $1,583,000.
Several other institutional investors have also recently bought and sold shares of LFUS. BlackRock Inc. lifted its holdings in Littelfuse by 2.5% in the fourth quarter. BlackRock Inc. now owns 2,209,597 shares of the technology company’s stock worth $378,902,000 after buying an additional 53,776 shares during the period. Vanguard Group Inc lifted its holdings in Littelfuse by 2.4% in the third quarter. Vanguard Group Inc now owns 2,167,434 shares of the technology company’s stock worth $428,914,000 after buying an additional 51,769 shares during the period. Principal Financial Group Inc. lifted its holdings in Littelfuse by 2.1% in the first quarter. Principal Financial Group Inc. now owns 798,341 shares of the technology company’s stock worth $145,683,000 after buying an additional 16,688 shares during the period. Victory Capital Management Inc. lifted its holdings in Littelfuse by 29.9% in the first quarter. Victory Capital Management Inc. now owns 551,097 shares of the technology company’s stock worth $100,564,000 after buying an additional 126,825 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Littelfuse by 10.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 354,703 shares of the technology company’s stock worth $60,825,000 after buying an additional 34,514 shares during the period. Institutional investors own 98.76% of the company’s stock.
Several analysts have commented on LFUS shares. Barrington Research restated a “hold” rating on shares of Littelfuse in a report on Wednesday, May 29th. Zacks Investment Research upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Longbow Research lowered shares of Littelfuse from a “buy” rating to a “neutral” rating in a report on Wednesday, April 17th. Oppenheimer lowered their target price on shares of Littelfuse from $215.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Finally, Cowen initiated coverage on shares of Littelfuse in a report on Tuesday, May 21st. They set an “outperform” rating and a $210.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $223.33.
Shares of LFUS stock traded down $0.90 during trading hours on Wednesday, hitting $172.42. 4,187 shares of the company’s stock traded hands, compared to its average volume of 154,613. Littelfuse, Inc. has a 12-month low of $155.15 and a 12-month high of $238.10. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 1.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.85 and a current ratio of 3.82.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, May 1st. The technology company reported $1.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.04. Littelfuse had a net margin of 9.70% and a return on equity of 15.27%. The firm had revenue of $405.50 million during the quarter, compared to analyst estimates of $407.53 million. During the same period last year, the business earned $2.39 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Littelfuse, Inc. will post 8.71 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.43 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $1.72 annualized dividend and a dividend yield of 1.00%. Littelfuse’s payout ratio is 18.22%.
In related news, SVP Deepak Nayar sold 3,947 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $187.74, for a total transaction of $741,009.78. Following the completion of the sale, the senior vice president now owns 3,502 shares of the company’s stock, valued at $657,465.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nathan Zommer sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $1,500,000.00. Following the sale, the director now directly owns 393,286 shares of the company’s stock, valued at approximately $78,657,200. The disclosure for this sale can be found here. Insiders have sold 12,433 shares of company stock valued at $2,404,479 over the last quarter. Company insiders own 3.50% of the company’s stock.
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Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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