GAMMA Investing LLC Sells 46 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

GAMMA Investing LLC reduced its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 19.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188 shares of the technology company’s stock after selling 46 shares during the period. GAMMA Investing LLC’s holdings in Littelfuse were worth $44,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after acquiring an additional 64 shares during the period. Truvestments Capital LLC bought a new position in shares of Littelfuse in the third quarter worth $27,000. UMB Bank n.a. boosted its holdings in shares of Littelfuse by 70.2% in the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after acquiring an additional 59 shares during the period. Meeder Asset Management Inc. bought a new stake in Littelfuse during the third quarter valued at $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Littelfuse during the third quarter worth about $84,000. 96.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LFUS shares. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a research report on Thursday, October 17th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $285.00.

Littelfuse Trading Down 1.1 %

Shares of LFUS stock opened at $232.64 on Tuesday. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $243.69 and a two-hundred day moving average price of $252.44. Littelfuse, Inc. has a 12-month low of $222.91 and a 12-month high of $275.58. The firm has a market cap of $5.77 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. During the same quarter in the previous year, the company posted $2.97 earnings per share. The company’s revenue was down 6.5% compared to the same quarter last year. Equities analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is presently 35.99%.

Insider Activity

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the transaction, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at $773,207.10. This represents a 18.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by corporate insiders.

About Littelfuse

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.