MainStreet Investment Advisors LLC Has $246,000 Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

MainStreet Investment Advisors LLC trimmed its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,043 shares of the technology company’s stock after selling 65 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Littelfuse were worth $246,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Atria Wealth Solutions Inc. lifted its stake in shares of Littelfuse by 5.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock valued at $225,000 after buying an additional 50 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Littelfuse by 0.7% in the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock valued at $1,694,000 after buying an additional 51 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Littelfuse by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company’s stock valued at $2,529,000 after buying an additional 70 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Littelfuse by 11.4% in the fourth quarter. Assetmark Inc. now owns 801 shares of the technology company’s stock valued at $189,000 after buying an additional 82 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after buying an additional 105 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Deepak Nayar sold 1,477 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $197.50, for a total transaction of $291,707.50. Following the sale, the senior vice president now directly owns 5,975 shares of the company’s stock, valued at approximately $1,180,062.50. This represents a 19.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

Littelfuse Price Performance

Shares of NASDAQ:LFUS opened at $218.13 on Thursday. The company has a 50 day moving average of $186.50 and a 200 day moving average of $222.18. The stock has a market cap of $5.39 billion, a P/E ratio of 48.47, a P/E/G ratio of 2.24 and a beta of 1.38. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.58. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.37. The business had revenue of $554.31 million during the quarter, compared to analysts’ expectations of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.76 EPS. As a group, sell-side analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a $0.70 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $2.80 annualized dividend and a yield of 1.28%. Littelfuse’s dividend payout ratio (DPR) is presently 64.81%.

Analyst Ratings Changes

LFUS has been the topic of a number of recent analyst reports. Baird R W lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Tuesday, May 6th. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, April 30th. Oppenheimer decreased their price objective on shares of Littelfuse from $310.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Finally, Robert W. Baird raised their price objective on shares of Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Littelfuse has a consensus rating of “Hold” and a consensus target price of $252.25.

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.