Duality Advisers LP Makes New $1.61 Million Investment in Littelfuse, Inc. (NASDAQ:LFUS)

Duality Advisers LP bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 6,631 shares of the technology company’s stock, valued at approximately $1,607,000.

Several other hedge funds have also recently bought and sold shares of LFUS. OLD National Bancorp IN raised its holdings in Littelfuse by 9.7% during the 3rd quarter. OLD National Bancorp IN now owns 862 shares of the technology company’s stock worth $213,000 after buying an additional 76 shares during the period. Comerica Bank bought a new stake in shares of Littelfuse in the third quarter worth $9,431,000. Citigroup Inc. lifted its position in shares of Littelfuse by 12.9% in the third quarter. Citigroup Inc. now owns 2,255 shares of the technology company’s stock worth $558,000 after purchasing an additional 257 shares in the last quarter. VisionPoint Advisory Group LLC bought a new stake in shares of Littelfuse in the third quarter worth $27,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Littelfuse by 44.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 13,298 shares of the technology company’s stock worth $3,289,000 after purchasing an additional 4,094 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LFUS has been the topic of a number of research reports. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Thursday, May 2nd. Jefferies Financial Group started coverage on shares of Littelfuse in a research report on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price objective on the stock. Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Finally, Robert W. Baird raised shares of Littelfuse from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $270.00 to $300.00 in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Littelfuse currently has a consensus rating of “Moderate Buy” and an average target price of $280.00.

Littelfuse Stock Performance

Shares of NASDAQ:LFUS traded up $8.16 on Friday, hitting $270.89. The company had a trading volume of 78,469 shares, compared to its average volume of 141,325. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $309.94. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 2.53 and a beta of 1.29. The stock has a 50 day moving average price of $255.93 and a 200 day moving average price of $245.84. The company has a current ratio of 3.57, a quick ratio of 2.44 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The business had revenue of $535.39 million for the quarter, compared to the consensus estimate of $519.08 million. During the same period in the prior year, the company posted $3.64 earnings per share. Littelfuse’s revenue was down 12.2% compared to the same quarter last year. Analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were paid a $0.65 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.96%. Littelfuse’s dividend payout ratio (DPR) is presently 29.78%.

Insider Activity at Littelfuse

In other Littelfuse news, CFO Meenal Sethna sold 6,114 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the sale, the chief financial officer now directly owns 22,432 shares in the company, valued at $5,753,583.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Deepak Nayar sold 1,305 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $250.25, for a total value of $326,576.25. Following the completion of the transaction, the senior vice president now owns 4,630 shares of the company’s stock, valued at $1,158,657.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Meenal Sethna sold 6,114 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the completion of the transaction, the chief financial officer now directly owns 22,432 shares of the company’s stock, valued at approximately $5,753,583.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,638 shares of company stock worth $2,463,552. Corporate insiders own 2.30% of the company’s stock.

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.