State Board of Administration of Florida Retirement System held its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,468 shares of the technology company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in Littelfuse were worth $982,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of LFUS. First Bank & Trust purchased a new position in shares of Littelfuse during the fourth quarter worth $106,000. Advisor Group Inc. increased its position in shares of Littelfuse by 12.8% in the third quarter. Advisor Group Inc. now owns 880 shares of the technology company’s stock worth $111,000 after buying an additional 100 shares during the last quarter. Pitcairn Co. bought a new position in Littelfuse during the fourth quarter valued at approximately $214,000. Advisors Asset Management Inc. increased its position in Littelfuse by 205.7% in the third quarter. Advisors Asset Management Inc. now owns 1,990 shares of the technology company’s stock valued at $256,000 after buying an additional 1,339 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Littelfuse during the third quarter valued at approximately $381,000. Institutional investors and hedge funds own 99.14% of the company’s stock.
Littelfuse, Inc. (NASDAQ:LFUS) traded down 2.72% during trading on Friday, hitting $153.09. 78,695 shares of the company’s stock traded hands. Littelfuse, Inc. has a 52-week low of $106.26 and a 52-week high of $167.21. The company’s 50 day moving average price is $157.34 and its 200 day moving average price is $150.77. The company has a market cap of $3.46 billion, a PE ratio of 33.28 and a beta of 1.01.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, February 1st. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.05. Littelfuse had a return on equity of 17.99% and a net margin of 9.89%. The firm earned $284.50 million during the quarter, compared to analysts’ expectations of $274.95 million. During the same quarter last year, the business posted $1.21 earnings per share. The firm’s revenue was up 29.3% on a year-over-year basis. Analysts expect that Littelfuse, Inc. will post $6.98 earnings per share for the current year.
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Separately, Zacks Investment Research downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Littelfuse currently has an average rating of “Buy” and a consensus price target of $157.75.
In related news, Director Gordon Hunter sold 4,028 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $163.51, for a total transaction of $658,618.28. Following the completion of the sale, the director now owns 39,729 shares in the company, valued at $6,496,088.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Deepak Nayar sold 1,329 shares of the stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $163.71, for a total value of $217,570.59. Following the sale, the vice president now owns 4,571 shares of the company’s stock, valued at approximately $748,318.41. The disclosure for this sale can be found here. Insiders have sold 16,547 shares of company stock valued at $2,694,109 in the last quarter. 2.40% of the stock is currently owned by company insiders.
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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