Teton Advisors Inc. Purchases Shares of 6,304 Littelfuse, Inc. (NASDAQ:LFUS)

Teton Advisors Inc. bought a new stake in Littelfuse, Inc. (NASDAQ:LFUS) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,304 shares of the technology company’s stock, valued at approximately $1,312,000.

A number of other institutional investors have also bought and sold shares of the business. Intrust Bank NA acquired a new stake in shares of Littelfuse during the first quarter worth about $203,000. Cigna Investments Inc. New acquired a new stake in shares of Littelfuse during the first quarter worth about $205,000. Zeke Capital Advisors LLC acquired a new stake in shares of Littelfuse during the fourth quarter worth about $210,000. Advisor Partners LLC acquired a new stake in shares of Littelfuse during the fourth quarter worth about $212,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Littelfuse during the fourth quarter worth about $218,000. Institutional investors own 98.63% of the company’s stock.

In other Littelfuse news, VP Meenal Sethna sold 3,440 shares of Littelfuse stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $220.00, for a total value of $756,800.00. Following the sale, the vice president now owns 14,492 shares of the company’s stock, valued at approximately $3,188,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John E. Major sold 645 shares of Littelfuse stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $228.77, for a total value of $147,556.65. Following the completion of the sale, the director now directly owns 23,994 shares in the company, valued at approximately $5,489,107.38. The disclosure for this sale can be found here. Insiders sold a total of 22,487 shares of company stock worth $4,909,006 in the last ninety days. 3.80% of the stock is owned by corporate insiders.

A number of analysts have recently commented on LFUS shares. BidaskClub cut Littelfuse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 28th. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $236.00 target price on the stock in a research report on Thursday, April 19th. ValuEngine cut Littelfuse from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. Finally, Barrington Research reiterated a “hold” rating on shares of Littelfuse in a research report on Tuesday, May 1st. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $212.75.

Shares of NASDAQ LFUS traded up $2.65 during midday trading on Thursday, reaching $233.56. 194,500 shares of the company were exchanged, compared to its average volume of 169,397. The company has a quick ratio of 2.68, a current ratio of 3.68 and a debt-to-equity ratio of 0.52. Littelfuse, Inc. has a 1 year low of $157.91 and a 1 year high of $233.72. The firm has a market cap of $5.74 billion, a P/E ratio of 30.18, a P/E/G ratio of 2.01 and a beta of 1.03.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Wednesday, May 2nd. The technology company reported $2.39 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $417.81 million for the quarter, compared to analyst estimates of $391.22 million. During the same quarter last year, the company posted $1.69 earnings per share. The business’s revenue was up 46.4% on a year-over-year basis. analysts anticipate that Littelfuse, Inc. will post 9.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 7th. Shareholders of record on Thursday, May 24th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Wednesday, May 23rd. Littelfuse’s dividend payout ratio is presently 19.12%.

About Littelfuse

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.

Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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