Fulcrum Equity Management Takes Position in Littelfuse, Inc. (NASDAQ:LFUS)

Fulcrum Equity Management bought a new stake in Littelfuse, Inc. (NASDAQ:LFUS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,178 shares of the technology company’s stock, valued at approximately $1,898,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Littelfuse in the fourth quarter valued at about $26,000. Lazard Asset Management LLC bought a new stake in Littelfuse in the fourth quarter valued at about $27,000. Dimension Capital Management LLC bought a new stake in Littelfuse in the third quarter valued at about $31,000. HighPoint Advisor Group LLC bought a new stake in Littelfuse in the fourth quarter valued at about $200,000. Finally, Forte Capital LLC ADV bought a new stake in Littelfuse in the fourth quarter valued at about $204,000. 94.16% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Ryan K. Stafford sold 7,184 shares of the stock in a transaction that occurred on Friday, February 12th. The shares were sold at an average price of $275.00, for a total transaction of $1,975,600.00. Following the sale, the executive vice president now directly owns 28,409 shares of the company’s stock, valued at $7,812,475. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nathan Zommer sold 2,500 shares of the stock in a transaction that occurred on Monday, February 1st. The shares were sold at an average price of $250.71, for a total transaction of $626,775.00. Following the completion of the transaction, the director now owns 276,610 shares in the company, valued at $69,348,893.10. The disclosure for this sale can be found here. Insiders have sold 26,712 shares of company stock worth $7,163,466 over the last three months. 3.20% of the stock is owned by insiders.

Separately, Zacks Investment Research cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Littelfuse has an average rating of “Hold” and a consensus target price of $224.00.

Littelfuse stock traded up $0.71 during trading hours on Thursday, hitting $267.65. 483 shares of the stock were exchanged, compared to its average volume of 116,436. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.86 and a current ratio of 4.90. The stock has a market capitalization of $6.57 billion, a P/E ratio of 70.25, a P/E/G ratio of 3.17 and a beta of 1.17. Littelfuse, Inc. has a 12 month low of $125.03 and a 12 month high of $287.92. The business’s 50-day moving average is $265.91 and its two-hundred day moving average is $240.33.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Wednesday, February 3rd. The technology company reported $2.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.65. Littelfuse had a net margin of 6.77% and a return on equity of 8.76%. The firm had revenue of $401.00 million for the quarter, compared to analysts’ expectations of $374.40 million. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, equities analysts predict that Littelfuse, Inc. will post 5.66 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 4th. Stockholders of record on Thursday, February 18th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, February 17th. This represents a $1.92 annualized dividend and a dividend yield of 0.72%. Littelfuse’s dividend payout ratio (DPR) is currently 28.15%.

Littelfuse Company Profile

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, 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, silicon carbide diodes, and insulated gate bipolar transistors.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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