Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Polar Capital Holdings Plc

Polar Capital Holdings Plc cut its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 25.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,271 shares of the technology company’s stock after selling 14,274 shares during the quarter. Polar Capital Holdings Plc owned 0.17% of Littelfuse worth $9,726,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. raised its holdings in shares of Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock valued at $225,000 after purchasing an additional 50 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Littelfuse by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock valued at $1,694,000 after purchasing an additional 51 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Littelfuse by 0.7% in the 4th quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company’s stock valued at $2,529,000 after purchasing an additional 70 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Littelfuse by 11.4% in the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company’s stock valued at $189,000 after purchasing an additional 82 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after purchasing an additional 105 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Trading Down 0.8%

Shares of Littelfuse stock opened at $216.46 on Friday. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The company has a market capitalization of $5.35 billion, a P/E ratio of 48.10, a PEG ratio of 2.24 and a beta of 1.38. The company’s fifty day moving average is $186.49 and its two-hundred day moving average is $221.89.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.37. The company had revenue of $554.31 million for the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. Littelfuse’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $1.76 EPS. Analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, May 22nd. Littelfuse’s dividend payout ratio is currently 64.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LFUS shares. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. Oppenheimer cut their price target on shares of Littelfuse from $310.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, April 30th. Baird R W lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Finally, Robert W. Baird lifted their price target on shares of Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $252.25.

Insider Buying and Selling

In related news, SVP Deepak Nayar sold 1,477 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $197.50, for a total transaction of $291,707.50. Following the sale, the senior vice president now owns 5,975 shares of the company’s stock, valued at approximately $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by insiders.

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.