Rise Advisors LLC Makes New $30,000 Investment in Littelfuse, Inc. (NASDAQ:LFUS)

Rise Advisors LLC acquired a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 123 shares of the technology company’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of LFUS. VisionPoint Advisory Group LLC acquired a new position in shares of Littelfuse in the third quarter worth about $27,000. SRS Capital Advisors Inc. increased its holdings in Littelfuse by 372.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company’s stock valued at $37,000 after buying an additional 108 shares during the last quarter. Principal Securities Inc. bought a new stake in Littelfuse in the fourth quarter valued at about $50,000. Assetmark Inc. increased its holdings in Littelfuse by 17.7% in the fourth quarter. Assetmark Inc. now owns 432 shares of the technology company’s stock valued at $116,000 after buying an additional 65 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in Littelfuse in the first quarter valued at about $116,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insider Activity

In other news, SVP Deepak Nayar sold 1,305 shares of the stock in a transaction 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 completion of the sale, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,158,657.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Meenal Sethna sold 6,114 shares of the company’s stock in a transaction 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deepak Nayar sold 1,305 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at $1,158,657.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,638 shares of company stock worth $2,463,552. Insiders own 2.30% of the company’s stock.

Littelfuse Stock Performance

LFUS opened at $262.40 on Friday. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 30.06, a price-to-earnings-growth ratio of 2.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.44. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $309.94. The business has a 50 day moving average price of $248.59 and a two-hundred day moving average price of $245.60.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. The firm had revenue of $535.39 million during the quarter, compared to the consensus estimate of $519.08 million. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.64 earnings per share. Research analysts predict that Littelfuse, Inc. will post 8.59 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.99%. Littelfuse’s dividend payout ratio (DPR) is presently 29.78%.

Analysts Set New Price Targets

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