GHP Investment Advisors Inc. Cuts Position in Littelfuse, Inc. (NASDAQ:LFUS)

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GHP Investment Advisors Inc. trimmed its position in Littelfuse, Inc. (NASDAQ:LFUS) by 7.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,550 shares of the technology company’s stock after selling 1,884 shares during the quarter. GHP Investment Advisors Inc. owned 0.10% of Littelfuse worth $3,275,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Littelfuse by 2,166.7% in the 1st quarter. Signaturefd LLC now owns 204 shares of the technology company’s stock worth $27,000 after purchasing an additional 195 shares during the period. Americana Partners LLC purchased a new position in shares of Littelfuse in the 4th quarter worth about $48,000. Synovus Financial Corp raised its holdings in shares of Littelfuse by 112.5% in the 1st quarter. Synovus Financial Corp now owns 391 shares of the technology company’s stock worth $53,000 after purchasing an additional 207 shares during the period. Fifth Third Bancorp raised its holdings in shares of Littelfuse by 46.0% in the 1st quarter. Fifth Third Bancorp now owns 546 shares of the technology company’s stock worth $73,000 after purchasing an additional 172 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in shares of Littelfuse in the fourth quarter valued at about $182,000. Institutional investors own 95.17% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Oppenheimer reiterated a “hold” rating on shares of Littelfuse in a research note on Thursday, April 30th. Zacks Investment Research lowered Littelfuse from a “hold” rating to a “sell” rating in a research note on Wednesday, April 8th. Loop Capital assumed coverage on Littelfuse in a research note on Monday, April 20th. They issued a “hold” rating for the company. BidaskClub upgraded Littelfuse from a “sell” rating to a “hold” rating in a research note on Thursday, April 30th. Finally, Robert W. Baird increased their target price on Littelfuse from $152.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Littelfuse presently has an average rating of “Hold” and an average price target of $188.83.

In other news, SVP Deepak Nayar sold 809 shares of Littelfuse stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $145.00, for a total value of $117,305.00. Following the completion of the transaction, the senior vice president now owns 8,901 shares in the company, valued at approximately $1,290,645. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by company insiders.

NASDAQ LFUS traded down $0.36 during mid-day trading on Tuesday, reaching $166.10. 3,625 shares of the company’s stock traded hands, compared to its average volume of 121,688. Littelfuse, Inc. has a 1-year low of $103.63 and a 1-year high of $196.00. The company has a fifty day simple moving average of $144.62 and a 200-day simple moving average of $164.79. The company has a current ratio of 5.25, a quick ratio of 4.16 and a debt-to-equity ratio of 0.53. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 3.58 and a beta of 1.13.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.29 EPS for the quarter, topping the consensus estimate of $0.94 by $0.35. The company had revenue of $346.10 million during the quarter, compared to analyst estimates of $325.45 million. Littelfuse had a return on equity of 10.22% and a net margin of 8.77%. Equities research analysts forecast that Littelfuse, Inc. will post 3.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be given a $0.48 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $1.92 annualized dividend and a dividend yield of 1.16%. Littelfuse’s payout ratio is 28.15%.

Littelfuse Company 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.

Further Reading: What is the Ex-Dividend Date in Investing?

Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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