Littelfuse, Inc. (LFUS) Stake Lowered by New York State Teachers Retirement System

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New York State Teachers Retirement System decreased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.7% during the first quarter, Holdings Channel reports. The institutional investor owned 38,299 shares of the technology company’s stock after selling 675 shares during the period. New York State Teachers Retirement System’s holdings in Littelfuse were worth $6,989,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in Littelfuse by 4.5% in the first quarter. Raymond James & Associates now owns 62,107 shares of the technology company’s stock worth $11,333,000 after purchasing an additional 2,678 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Littelfuse by 10.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,369 shares of the technology company’s stock worth $250,000 after acquiring an additional 127 shares during the period. Alpine Woods Capital Investors LLC raised its position in Littelfuse by 0.9% in the first quarter. Alpine Woods Capital Investors LLC now owns 11,830 shares of the technology company’s stock worth $2,159,000 after acquiring an additional 100 shares during the period. Washington Capital Management Inc. bought a new position in Littelfuse in the first quarter worth approximately $338,000. Finally, OLD National Bancorp IN bought a new position in Littelfuse in the first quarter worth approximately $330,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

LFUS has been the topic of several recent research reports. Longbow Research upgraded shares of Littelfuse from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Thursday, January 31st. Barrington Research reiterated a “hold” rating on shares of Littelfuse in a research report on Tuesday, January 29th. Zacks Investment Research upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Oppenheimer decreased their price target on shares of Littelfuse from $215.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Finally, BidaskClub downgraded shares of Littelfuse from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Littelfuse has a consensus rating of “Hold” and an average target price of $223.33.

In other news, Director Nathan Zommer sold 1,300 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $194.14, for a total transaction of $252,382.00. Following the sale, the director now directly owns 400,786 shares in the company, valued at approximately $77,808,594.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ian Highley sold 1,000 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $195.98, for a total transaction of $195,980.00. Following the sale, the senior vice president now owns 3,701 shares in the company, valued at $725,321.98. The disclosure for this sale can be found here. Insiders have sold a total of 13,747 shares of company stock worth $2,689,372 over the last 90 days. Insiders own 3.50% of the company’s stock.

LFUS opened at $167.12 on Friday. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.63 and a beta of 0.94. Littelfuse, Inc. has a 1-year low of $155.15 and a 1-year high of $238.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.85 and a current ratio of 3.82.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.04. The firm had revenue of $405.50 million for the quarter, compared to the consensus estimate of $407.53 million. Littelfuse had a net margin of 9.70% and a return on equity of 15.27%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $2.39 EPS. On average, equities analysts anticipate that Littelfuse, Inc. will post 8.71 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.72 annualized dividend and a dividend yield of 1.03%. Littelfuse’s payout ratio is 18.22%.

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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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Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse, Inc. (NASDAQ:LFUS).

Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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