NumerixS Investment Technologies Inc Buys 900 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

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NumerixS Investment Technologies Inc grew its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 900.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,000 shares of the technology company’s stock after acquiring an additional 900 shares during the period. NumerixS Investment Technologies Inc’s holdings in Littelfuse were worth $182,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LFUS. Norges Bank acquired a new stake in shares of Littelfuse during the 4th quarter valued at $45,583,000. Principal Financial Group Inc. lifted its position in shares of Littelfuse by 20.3% during the 4th quarter. Principal Financial Group Inc. now owns 781,653 shares of the technology company’s stock valued at $134,038,000 after acquiring an additional 132,138 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in shares of Littelfuse during the 1st quarter valued at $24,039,000. Victory Capital Management Inc. lifted its position in shares of Littelfuse by 29.9% during the 1st quarter. Victory Capital Management Inc. now owns 551,097 shares of the technology company’s stock valued at $100,564,000 after acquiring an additional 126,825 shares during the last quarter. Finally, Mairs & Power INC lifted its position in shares of Littelfuse by 61.4% during the 4th quarter. Mairs & Power INC now owns 272,503 shares of the technology company’s stock valued at $46,729,000 after acquiring an additional 103,614 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Shares of LFUS traded down $1.98 during mid-day trading on Wednesday, reaching $171.34. The company’s stock had a trading volume of 526 shares, compared to its average volume of 154,613. The firm has a market capitalization of $4.27 billion, a P/E ratio of 18.28, a PEG ratio of 1.65 and a beta of 1.10. Littelfuse, Inc. has a 1 year low of $155.15 and a 1 year high of $238.10. The company has a quick ratio of 2.85, a current ratio of 3.82 and a debt-to-equity ratio of 0.45.

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 Zacks’ consensus estimate of $1.92 by $0.04. The company had revenue of $405.50 million during the quarter, compared to analyst estimates of $407.53 million. Littelfuse had a return on equity of 15.27% and a net margin of 9.70%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.39 earnings per share. On average, analysts expect 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 $0.43 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.00%. Littelfuse’s payout ratio is currently 18.22%.

In related news, Director Nathan Zommer sold 7,500 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $200.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the director now directly owns 393,286 shares in the company, valued at $78,657,200. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Ian Highley sold 986 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $165.79, for a total value of $163,468.94. Following the sale, the senior vice president now owns 1,839 shares of the company’s stock, valued at $304,887.81. The disclosure for this sale can be found here. Insiders sold 12,433 shares of company stock valued at $2,404,479 in the last 90 days. Corporate insiders own 3.50% of the company’s stock.

A number of equities research analysts have recently commented on LFUS shares. Cowen started coverage on Littelfuse in a research report on Tuesday, May 21st. They set an “outperform” rating and a $210.00 price objective for the company. Longbow Research downgraded Littelfuse from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 17th. BidaskClub downgraded Littelfuse from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Zacks Investment Research upgraded Littelfuse from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Barrington Research reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $223.33.

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Littelfuse Profile

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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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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