Duality Advisers LP Acquires Shares of 6,631 Littelfuse, Inc. (NASDAQ:LFUS)

Duality Advisers LP bought a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 6,631 shares of the technology company’s stock, valued at approximately $1,607,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LFUS. VisionPoint Advisory Group LLC bought a new position in shares of Littelfuse during the third quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in shares of Littelfuse during the first quarter valued at approximately $30,000. SRS Capital Advisors Inc. raised its holdings in shares of Littelfuse by 372.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company’s stock valued at $37,000 after acquiring an additional 108 shares in the last quarter. Principal Securities Inc. purchased a new stake in Littelfuse in the fourth quarter worth $50,000. Finally, Assetmark Inc. grew its stake in Littelfuse by 17.7% in the fourth quarter. Assetmark Inc. now owns 432 shares of the technology company’s stock worth $116,000 after purchasing an additional 65 shares during the period. Institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Up 3.1 %

Shares of NASDAQ LFUS traded up $8.16 during trading on Friday, reaching $270.89. The company had a trading volume of 78,469 shares, compared to its average volume of 141,325. Littelfuse, Inc. has a 12-month low of $212.80 and a 12-month high of $309.94. The stock has a market cap of $6.71 billion, a PE ratio of 30.10, a P/E/G ratio of 2.53 and a beta of 1.29. The business’s 50-day moving average is $255.93 and its 200 day moving average is $245.84. The company has a quick ratio of 2.44, a current ratio of 3.57 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The firm had revenue of $535.39 million for the quarter, compared to analysts’ expectations of $519.08 million. During the same period in the prior year, the firm posted $3.64 earnings per share. The company’s quarterly revenue was down 12.2% on a year-over-year basis. As a group, equities analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were given a dividend of $0.65 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.96%. Littelfuse’s dividend payout ratio (DPR) is presently 29.78%.

Insider Activity at Littelfuse

In related news, CFO Meenal Sethna sold 6,114 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the sale, the chief financial officer now directly owns 22,432 shares of the company’s stock, valued at $5,753,583.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Littelfuse news, CFO Meenal Sethna sold 6,114 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $256.49, for a total value of $1,568,179.86. Following the transaction, the chief financial officer now owns 22,432 shares of the company’s stock, valued at $5,753,583.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Deepak Nayar sold 1,305 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $250.25, for a total value of $326,576.25. Following the completion of the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at approximately $1,158,657.50. The disclosure for this sale can be found here. Insiders have sold 9,638 shares of company stock valued at $2,463,552 over the last ninety days. Insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LFUS. Robert W. Baird raised Littelfuse from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $270.00 to $300.00 in a research note on Friday, May 17th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Thursday, May 2nd. Jefferies Financial Group began coverage on Littelfuse in a research note on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price target on the stock. StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Finally, Baird R W raised Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 17th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $280.00.

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.