Littelfuse (LFUS) Holdings Lifted by Eagle Asset Management Inc.
Eagle Asset Management Inc. boosted its holdings in shares of Littelfuse (NASDAQ:LFUS) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 461,070 shares of the technology company’s stock after acquiring an additional 8,970 shares during the period. Eagle Asset Management Inc.’s holdings in Littelfuse were worth $95,985,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of LFUS. Intrust Bank NA bought a new stake in shares of Littelfuse in the first quarter valued at about $203,000. Zeke Capital Advisors LLC bought a new stake in shares of Littelfuse in the fourth quarter valued at about $210,000. Advisor Partners LLC bought a new stake in shares of Littelfuse in the fourth quarter valued at about $212,000. Stone Ridge Asset Management LLC bought a new stake in shares of Littelfuse in the fourth quarter valued at about $218,000. Finally, ING Groep NV bought a new stake in shares of Littelfuse in the first quarter valued at about $224,000. Hedge funds and other institutional investors own 94.87% of the company’s stock.
In related news, Director John E. Major sold 1,716 shares of the company’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $218.00, for a total transaction of $374,088.00. Following the sale, the director now owns 26,322 shares in the company, valued at $5,738,196. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David W. Heinzmann sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $209.90, for a total value of $1,049,500.00. Following the sale, the chief executive officer now owns 40,941 shares in the company, valued at approximately $8,593,515.90. The disclosure for this sale can be found here. Insiders have sold 67,235 shares of company stock worth $14,429,816 in the last quarter. 3.80% of the stock is currently owned by corporate insiders.
LFUS opened at $216.96 on Friday. Littelfuse has a 52-week low of $214.69 and a 52-week high of $216.68. The stock has a market cap of $5.37 billion, a P/E ratio of 28.03, a P/E/G ratio of 1.88 and a beta of 1.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.68 and a current ratio of 3.68.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, May 2nd. The technology company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.58. Littelfuse had a return on equity of 18.83% and a net margin of 8.62%. The business had revenue of $417.81 million for the quarter, compared to analyst estimates of $391.22 million. During the same quarter in the prior year, the company posted $1.69 earnings per share. Littelfuse’s revenue was up 46.4% on a year-over-year basis. equities research analysts predict that Littelfuse will post 9.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 24th will be issued a dividend of $0.37 per share. The ex-dividend date is Wednesday, May 23rd. This represents a $1.48 annualized dividend and a yield of 0.68%. Littelfuse’s payout ratio is presently 19.12%.
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as 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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