Procyon Advisors LLC Makes New $209,000 Investment in Littelfuse, Inc. (NASDAQ:LFUS)

Procyon Advisors LLC bought a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,061 shares of the technology company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently made changes to their positions in the business. Vest Financial LLC purchased a new position in shares of Littelfuse during the first quarter valued at approximately $578,000. Rhumbline Advisers grew its stake in Littelfuse by 0.4% in the first quarter. Rhumbline Advisers now owns 69,630 shares of the technology company’s stock worth $13,699,000 after purchasing an additional 308 shares during the period. Parallel Advisors LLC grew its stake in Littelfuse by 105.6% in the first quarter. Parallel Advisors LLC now owns 333 shares of the technology company’s stock worth $66,000 after purchasing an additional 171 shares during the period. GAMMA Investing LLC grew its stake in Littelfuse by 60,177.7% in the first quarter. GAMMA Investing LLC now owns 113,322 shares of the technology company’s stock worth $22,295,000 after purchasing an additional 113,134 shares during the period. Finally, Moody National Bank Trust Division grew its stake in Littelfuse by 17.5% in the first quarter. Moody National Bank Trust Division now owns 5,343 shares of the technology company’s stock worth $1,051,000 after purchasing an additional 796 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the sale, the senior vice president now owns 5,975 shares of the company’s stock, valued at $1,180,062.50. The trade was a 19.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.

Littelfuse Trading Up 2.3%

Shares of NASDAQ LFUS opened at $222.69 on Tuesday. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $187.84 and a two-hundred day simple moving average of $217.09. The firm has a market cap of $5.50 billion, a PE ratio of 49.49, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $275.58.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.37. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The firm had revenue of $554.31 million for the quarter, compared to the consensus estimate of $537.60 million. During the same period in the previous year, the business earned $1.76 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.26%. The ex-dividend date was Thursday, May 22nd. Littelfuse’s dividend payout ratio (DPR) is presently 64.81%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Robert W. Baird increased their target price on Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, May 28th. Oppenheimer reduced their price target on Littelfuse from $310.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Baird R W cut Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, Wall Street Zen cut Littelfuse from a “buy” rating to a “hold” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $252.25.

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.