SG Americas Securities LLC Boosts Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

SG Americas Securities LLC raised its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 399.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,712 shares of the technology company's stock after purchasing an additional 3,769 shares during the period. SG Americas Securities LLC's holdings in Littelfuse were worth $1,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LFUS. Rise Advisors LLC acquired a new position in Littelfuse during the 1st quarter worth approximately $30,000. SRS Capital Advisors Inc. grew its position in Littelfuse by 372.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company's stock worth $37,000 after acquiring an additional 108 shares during the last quarter. CWM LLC increased its holdings in Littelfuse by 410.7% in the 2nd quarter. CWM LLC now owns 143 shares of the technology company's stock worth $37,000 after purchasing an additional 115 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Littelfuse by 275.0% during the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company's stock valued at $42,000 after purchasing an additional 121 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of Littelfuse during the fourth quarter worth about $50,000. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Trading Down 1.5 %

LFUS stock traded down $3.99 during midday trading on Friday, hitting $256.78. The stock had a trading volume of 148,462 shares, compared to its average volume of 136,334. The company has a current ratio of 3.50, a quick ratio of 2.44 and a debt-to-equity ratio of 0.32. The firm has a market cap of $6.36 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 2.58 and a beta of 1.29. The business has a fifty day moving average price of $256.26 and a two-hundred day moving average price of $247.01. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.22. The company had revenue of $558.49 million for the quarter, compared to the consensus estimate of $540.35 million. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The firm's revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.12 EPS. On average, sell-side analysts predict that Littelfuse, Inc. will post 8.37 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd will be paid a $0.70 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.09%. This is a positive change from Littelfuse's previous quarterly dividend of $0.65. Littelfuse's payout ratio is currently 32.07%.

Insider Buying and Selling

In other news, CEO David W. Heinzmann sold 300 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the transaction, the chief executive officer now owns 59,654 shares of the company's stock, valued at approximately $16,295,683.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Littelfuse news, CEO David W. Heinzmann sold 3,786 shares of the business's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,340,423.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David W. Heinzmann sold 300 shares of the firm's stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,295,683.18. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research report on Thursday, May 2nd. Stifel Nicolaus upgraded Littelfuse from a "hold" rating to a "buy" rating and increased their price objective for the company from $270.00 to $280.00 in a report on Tuesday. TD Cowen raised their target price on Littelfuse from $250.00 to $260.00 and gave the stock a "hold" rating in a research report on Thursday, August 1st. Robert W. Baird upgraded Littelfuse from a "neutral" rating to an "outperform" rating and upped their price target for the company from $270.00 to $300.00 in a research report on Friday, May 17th. Finally, Baird R W upgraded Littelfuse from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 17th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Littelfuse presently has a consensus rating of "Moderate Buy" and an average price target of $275.00.

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.