Forte Capital LLC ADV Invests $214,000 in Littelfuse, Inc. (NASDAQ:LFUS)

Forte Capital LLC ADV purchased a new stake in Littelfuse, Inc. (NASDAQ:LFUS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 800 shares of the technology company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Freedom Day Solutions LLC bought a new stake in shares of Littelfuse in the 4th quarter worth about $1,568,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Littelfuse by 41.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,313 shares of the technology company’s stock worth $12,124,000 after acquiring an additional 13,366 shares during the last quarter. Hsbc Holdings PLC grew its position in Littelfuse by 11.8% in the 3rd quarter. Hsbc Holdings PLC now owns 1,016 shares of the technology company’s stock valued at $251,000 after acquiring an additional 107 shares during the last quarter. Federated Hermes Inc. grew its position in Littelfuse by 160.0% in the 4th quarter. Federated Hermes Inc. now owns 158,506 shares of the technology company’s stock valued at $42,410,000 after acquiring an additional 97,535 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Littelfuse by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 421,392 shares of the technology company’s stock worth $112,748,000 after purchasing an additional 19,435 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Performance

LFUS stock traded up $8.57 during midday trading on Friday, hitting $247.40. 219,599 shares of the stock traded hands, compared to its average volume of 139,770. The stock’s fifty day simple moving average is $234.88 and its 200-day simple moving average is $239.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.49. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $309.94. The firm has a market cap of $6.13 billion, a P/E ratio of 28.34, a PEG ratio of 2.10 and a beta of 1.32.

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

Littelfuse Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Jefferies Financial Group started coverage on shares of Littelfuse in a report on Tuesday, April 9th. They set a “hold” rating and a $260.00 target price on the stock. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Thursday. Finally, StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th.

Insider Transactions at Littelfuse

In related news, SVP Maggie Chu sold 1,522 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $240.74, for a total value of $366,406.28. Following the transaction, the senior vice president now directly owns 3,086 shares of the company’s stock, valued at approximately $742,923.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Maggie Chu sold 1,522 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now owns 3,086 shares of the company’s stock, valued at $742,923.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew Cole sold 916 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $248.18, for a total transaction of $227,332.88. Following the completion of the transaction, the senior vice president now directly owns 5,530 shares in the company, valued at $1,372,435.40. The disclosure for this sale can be found here. Insiders sold 4,370 shares of company stock valued at $1,064,413 over the last 90 days. Corporate insiders own 2.30% of the company’s stock.

Littelfuse 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.