Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by American International Group Inc.

American International Group Inc. lowered its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,618 shares of the technology company’s stock after selling 1,446 shares during the quarter. American International Group Inc. owned about 0.13% of Littelfuse worth $8,995,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LFUS. HighTower Advisors LLC increased its stake in shares of Littelfuse by 3.2% during the 3rd quarter. HighTower Advisors LLC now owns 3,052 shares of the technology company’s stock valued at $740,000 after acquiring an additional 96 shares during the last quarter. UBS Group AG grew its holdings in shares of Littelfuse by 21.4% during the 3rd quarter. UBS Group AG now owns 49,081 shares of the technology company’s stock worth $12,139,000 after purchasing an additional 8,663 shares during the period. Citigroup Inc. grew its holdings in shares of Littelfuse by 12.9% during the 3rd quarter. Citigroup Inc. now owns 2,255 shares of the technology company’s stock worth $558,000 after purchasing an additional 257 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Littelfuse by 2.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,504 shares of the technology company’s stock worth $3,587,000 after purchasing an additional 281 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Littelfuse during the 3rd quarter worth about $607,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Stock Up 1.9 %

NASDAQ LFUS opened at $263.12 on Wednesday. The stock has a market cap of $6.52 billion, a PE ratio of 30.14, a P/E/G ratio of 2.46 and a beta of 1.29. Littelfuse, Inc. has a fifty-two week low of $212.80 and a fifty-two week high of $309.94. The business has a 50 day moving average price of $247.52 and a two-hundred day moving average price of $245.36. 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, beating the consensus estimate of $1.75 by $0.01. The company had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The business’s revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.64 EPS. As a group, sell-side analysts predict that Littelfuse, Inc. will post 8.59 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Wednesday, May 22nd. Littelfuse’s dividend payout ratio (DPR) is currently 29.78%.

Analysts Set New Price Targets

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

Insider Activity

In other news, CFO Meenal Sethna sold 6,114 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 22,432 shares in the company, valued at approximately $5,753,583.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP Deepak Nayar sold 1,305 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $250.25, for a total transaction of $326,576.25. Following the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at approximately $1,158,657.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Meenal Sethna sold 6,114 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $256.49, for a total value of $1,568,179.86. Following the sale, the chief financial officer now directly owns 22,432 shares in the company, valued at $5,753,583.68. The disclosure for this sale can be found here. In the last three months, insiders sold 9,638 shares of company stock worth $2,463,552. 2.30% of the stock is currently 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.