Savant Capital LLC Trims Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Savant Capital LLC reduced its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,403 shares of the technology company’s stock after selling 376 shares during the quarter. Savant Capital LLC’s holdings in Littelfuse were worth $911,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. VisionPoint Advisory Group LLC purchased a new stake in shares of Littelfuse during the 3rd quarter valued at approximately $27,000. Assetmark Inc. lifted its stake in shares of Littelfuse by 27.9% in the 3rd quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock valued at $91,000 after purchasing an additional 80 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of Littelfuse in the 4th quarter valued at $208,000. OLD National Bancorp IN grew its holdings in shares of Littelfuse by 9.7% during the 3rd quarter. OLD National Bancorp IN now owns 862 shares of the technology company’s stock worth $213,000 after purchasing an additional 76 shares during the period. Finally, Vest Financial LLC acquired a new stake in shares of Littelfuse during the 4th quarter worth about $245,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Littelfuse

In other Littelfuse news, SVP Maggie Chu sold 1,522 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $240.74, for a total transaction of $366,406.28. Following the transaction, the senior vice president now owns 3,086 shares of the company’s stock, valued at $742,923.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Maggie Chu sold 1,522 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $240.74, for a total value of $366,406.28. Following the completion of the sale, the senior vice president now directly owns 3,086 shares of the company’s stock, valued at $742,923.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew Cole sold 916 shares of Littelfuse stock in a transaction on Monday, February 12th. The shares were sold at an average price of $248.18, for a total transaction of $227,332.88. Following the completion of the transaction, the senior vice president now directly owns 5,530 shares in the company, valued at $1,372,435.40. The disclosure for this sale can be found here. Insiders sold a total of 4,370 shares of company stock valued at $1,064,413 over the last ninety days. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

LFUS has been the subject of several research analyst reports. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Thursday. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. Finally, Jefferies Financial Group assumed coverage on Littelfuse in a research report on Tuesday, April 9th. They set a “hold” rating and a $260.00 price target for the company.

Littelfuse Trading Up 3.6 %

NASDAQ:LFUS opened at $247.40 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.49 and a current ratio of 3.57. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $309.94. The stock has a market cap of $6.13 billion, a P/E ratio of 28.34, a P/E/G ratio of 2.10 and a beta of 1.32. The stock has a 50-day simple moving average of $234.88 and a 200-day simple moving average of $239.35.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The firm had revenue of $535.39 million during the quarter, compared to the consensus estimate of $519.08 million. During the same period in the prior year, the company posted $3.64 earnings per share. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. As a group, analysts anticipate that Littelfuse, Inc. will post 9.46 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $2.60 annualized dividend and a yield of 1.05%. Littelfuse’s dividend payout ratio is currently 29.78%.

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.