Littelfuse, Inc. (LFUS) Shares Sold by Ameritas Investment Partners Inc.
Ameritas Investment Partners Inc. cut its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,584 shares of the technology company’s stock after selling 28 shares during the period. Ameritas Investment Partners Inc.’s holdings in Littelfuse were worth $1,373,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of LFUS. Victory Capital Management Inc. increased its stake in shares of Littelfuse by 81.9% in the third quarter. Victory Capital Management Inc. now owns 1,258,474 shares of the technology company’s stock valued at $162,103,000 after buying an additional 566,618 shares during the last quarter. State Street Corp increased its stake in shares of Littelfuse by 44.5% in the fourth quarter. State Street Corp now owns 699,986 shares of the technology company’s stock valued at $106,238,000 after buying an additional 215,505 shares during the last quarter. Norges Bank bought a new stake in shares of Littelfuse during the fourth quarter valued at $29,414,000. Fisher Asset Management LLC increased its stake in shares of Littelfuse by 22.7% in the first quarter. Fisher Asset Management LLC now owns 587,461 shares of the technology company’s stock valued at $93,941,000 after buying an additional 108,781 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in shares of Littelfuse by 21.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 385,816 shares of the technology company’s stock valued at $58,556,000 after buying an additional 68,978 shares during the last quarter. 95.24% of the stock is owned by institutional investors.
Littelfuse, Inc. (NASDAQ:LFUS) traded down 0.23% on Friday, hitting $162.65. The company had a trading volume of 205,289 shares. The stock has a market cap of $3.69 billion, a P/E ratio of 29.89 and a beta of 0.90. The firm’s 50 day moving average price is $163.35 and its 200 day moving average price is $158.03. Littelfuse, Inc. has a 12-month low of $112.13 and a 12-month high of $173.13.
Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, May 3rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.05. Littelfuse had a net margin of 11.06% and a return on equity of 18.47%. The company had revenue of $285.44 million during the quarter, compared to analysts’ expectations of $284.95 million. During the same quarter in the previous year, the company posted $1.38 earnings per share. Littelfuse’s quarterly revenue was up 30.1% compared to the same quarter last year. Equities analysts predict that Littelfuse, Inc. will post $7.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 8th. Stockholders of record on Thursday, May 25th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Tuesday, May 23rd. Littelfuse’s dividend payout ratio (DPR) is currently 24.31%.
Separately, Zacks Investment Research cut Littelfuse from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Littelfuse presently has a consensus rating of “Buy” and an average price target of $162.25.
In related news, VP John T. Quille sold 596 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $166.01, for a total value of $98,941.96. Following the completion of the transaction, the vice president now owns 1,078 shares in the company, valued at approximately $178,958.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew Cole sold 150 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $169.23, for a total transaction of $25,384.50. Following the completion of the transaction, the senior vice president now owns 3,985 shares of the company’s stock, valued at approximately $674,381.55. The disclosure for this sale can be found here. Insiders sold 18,781 shares of company stock valued at $3,079,622 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.
Littelfuse Company Profile
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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