Forte Capital LLC ADV Takes Position in Littelfuse, Inc. (NASDAQ:LFUS)

Forte Capital LLC ADV acquired a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 800 shares of the technology company’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. boosted its position in Littelfuse by 160.0% during the fourth quarter. Federated Hermes Inc. now owns 158,506 shares of the technology company’s stock valued at $42,410,000 after purchasing an additional 97,535 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Littelfuse by 223.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 85,733 shares of the technology company’s stock valued at $21,203,000 after buying an additional 59,218 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Littelfuse by 62.8% in the third quarter. Envestnet Asset Management Inc. now owns 144,473 shares of the technology company’s stock valued at $35,731,000 after buying an additional 55,712 shares in the last quarter. Cambiar Investors LLC acquired a new position in Littelfuse during the third quarter worth $10,383,000. Finally, Comerica Bank bought a new stake in Littelfuse during the third quarter worth $9,431,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insider Buying and Selling

In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $243.62, for a total value of $470,673.84. Following the transaction, the executive vice president now directly owns 24,155 shares of the company’s stock, valued at approximately $5,884,641.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Maggie Chu sold 1,522 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $240.74, for a total transaction of $366,406.28. Following the transaction, the senior vice president now directly owns 3,086 shares of the company’s stock, valued at $742,923.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ryan K. Stafford sold 1,932 shares of Littelfuse stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $243.62, for a total transaction of $470,673.84. Following the completion of the sale, the executive vice president now owns 24,155 shares of the company’s stock, valued at $5,884,641.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,370 shares of company stock valued at $1,064,413. Insiders own 2.30% of the company’s stock.

Littelfuse Stock Performance

Shares of NASDAQ:LFUS traded up $8.57 on Friday, hitting $247.40. The company had a trading volume of 219,599 shares, compared to its average volume of 139,770. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 2.10 and a beta of 1.32. The stock has a 50 day moving average price of $234.88 and a 200 day moving average price of $239.35. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $309.94. The company has a current ratio of 3.57, a quick ratio of 2.49 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.75 by $0.01. The business had revenue of $535.39 million during the quarter, compared to the consensus estimate of $519.08 million. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. Littelfuse’s revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.64 EPS. Analysts expect that Littelfuse, Inc. will post 9.46 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.05%. Littelfuse’s dividend payout ratio (DPR) is currently 29.78%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LFUS shares. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Thursday. Finally, Jefferies Financial Group initiated coverage on Littelfuse in a research note on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price objective on the stock.

Littelfuse Company 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.