Virtu Financial LLC Purchases New Shares in Littelfuse, Inc. (NASDAQ:LFUS)

Virtu Financial LLC purchased a new stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,137 shares of the technology company's stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Point72 Hong Kong Ltd acquired a new stake in Littelfuse during the 1st quarter worth about $33,000. Parallel Advisors LLC boosted its position in Littelfuse by 45.3% during the 1st quarter. Parallel Advisors LLC now owns 138 shares of the technology company's stock worth $37,000 after acquiring an additional 43 shares during the period. CoreCap Advisors LLC acquired a new stake in Littelfuse during the 4th quarter worth about $44,000. Northwestern Mutual Wealth Management Co. boosted its position in Littelfuse by 33.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company's stock worth $44,000 after acquiring an additional 50 shares during the period. Finally, Covestor Ltd boosted its position in Littelfuse by 91.0% during the 1st quarter. Covestor Ltd now owns 384 shares of the technology company's stock worth $96,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 95.80% of the company's stock.

LFUS opened at $296.55 on Tuesday. Littelfuse, Inc. has a fifty-two week low of $192.19 and a fifty-two week high of $309.94. The business has a 50-day moving average of $278.45 and a 200-day moving average of $264.36. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.70 and a quick ratio of 1.62. The company has a market capitalization of $7.36 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 2nd. The technology company reported $3.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.79. Littelfuse had a return on equity of 17.92% and a net margin of 13.78%. The company had revenue of $609.78 million during the quarter, compared to the consensus estimate of $592.51 million. During the same period last year, the business earned $4.99 EPS. The business's quarterly revenue was down 2.2% on a year-over-year basis. Equities research analysts forecast that Littelfuse, Inc. will post 13.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 25th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Wednesday, May 24th. Littelfuse's payout ratio is 17.42%.

LFUS has been the subject of a number of research reports. StockNews.com initiated coverage on Littelfuse in a research report on Thursday, May 18th. They set a "hold" rating for the company. Stifel Nicolaus raised their price objective on Littelfuse from $240.00 to $265.00 in a research report on Thursday, May 4th. Finally, Robert W. Baird raised their price target on Littelfuse from $260.00 to $285.00 in a research note on Thursday, May 11th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $259.00.

In related news, CAO Jeffrey G. Gorski sold 700 shares of the firm's stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $270.15, for a total value of $189,105.00. Following the transaction, the chief accounting officer now directly owns 2,713 shares of the company's stock, valued at approximately $732,916.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Littelfuse news, SVP Deepak Nayar sold 6,792 shares of Littelfuse stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $259.54, for a total value of $1,762,795.68. Following the transaction, the senior vice president now directly owns 4,264 shares of the company's stock, valued at approximately $1,106,678.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $270.15, for a total value of $189,105.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,713 shares in the company, valued at $732,916.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,325 shares of company stock valued at $2,425,613. Corporate insiders own 2.70% of the company's stock.

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.

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