Credit Agricole S A Sells 9,646 Shares of Littelfuse, Inc. (LFUS)

Credit Agricole S A reduced its position in Littelfuse, Inc. (NASDAQ:LFUS) by 84.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,711 shares of the technology company’s stock after selling 9,646 shares during the period. Credit Agricole S A’s holdings in Littelfuse were worth $274,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. acquired a new stake in shares of Littelfuse during the fourth quarter valued at about $161,000. World Asset Management Inc raised its stake in shares of Littelfuse by 2.4% in the first quarter. World Asset Management Inc now owns 1,393 shares of the technology company’s stock valued at $223,000 after buying an additional 32 shares in the last quarter. Forward Management LLC raised its stake in shares of Littelfuse by 6.4% in the first quarter. Forward Management LLC now owns 1,674 shares of the technology company’s stock valued at $268,000 after buying an additional 100 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Littelfuse by 23.0% in the first quarter. LS Investment Advisors LLC now owns 1,887 shares of the technology company’s stock valued at $302,000 after buying an additional 353 shares during the period. Finally, Dubuque Bank & Trust Co. raised its stake in shares of Littelfuse by 2,932.3% in the first quarter. Dubuque Bank & Trust Co. now owns 1,971 shares of the technology company’s stock valued at $315,000 after buying an additional 1,906 shares during the period. Institutional investors and hedge funds own 96.36% of the company’s stock.

Littelfuse, Inc. (NASDAQ LFUS) traded down 0.47% during mid-day trading on Friday, reaching $179.57. The company had a trading volume of 111,497 shares. Littelfuse, Inc. has a 1-year low of $114.76 and a 1-year high of $188.19. The firm has a 50-day moving average of $170.04 and a 200 day moving average of $162.04. The company has a market capitalization of $4.07 billion, a PE ratio of 33.00 and a beta of 0.94.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Wednesday, May 3rd. The technology company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.05. Littelfuse had a return on equity of 18.47% and a net margin of 11.06%. The company had revenue of $285.44 million for the quarter, compared to analysts’ expectations of $284.95 million. During the same period in the prior year, the firm earned $1.38 earnings per share. The firm’s revenue was up 30.1% compared to the same quarter last year. On average, analysts predict that Littelfuse, Inc. will post $7.47 earnings per share for the current fiscal year.

Littelfuse declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 3rd that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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LFUS has been the subject of several recent research reports. Zacks Investment Research lowered Littelfuse from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. BidaskClub downgraded Littelfuse from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $187.40.

In other news, SVP Matthew Cole sold 150 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $169.23, for a total value of $25,384.50. Following the sale, the senior vice president now directly owns 3,985 shares in the company, valued at $674,381.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Deepak Nayar sold 9,545 shares of the stock in a transaction on Monday, May 8th. The shares were sold at an average price of $164.58, for a total value of $1,570,916.10. Following the completion of the sale, the senior vice president now owns 5,141 shares in the company, valued at $846,105.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,781 shares of company stock worth $3,079,622. Insiders own 1.80% of the company’s stock.

About Littelfuse

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.

Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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