Citigroup Inc. Has $295,000 Position in Littelfuse, Inc. (NASDAQ:LFUS)

Citigroup Inc. decreased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 81.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,717 shares of the technology company’s stock after selling 7,724 shares during the period. Citigroup Inc.’s holdings in Littelfuse were worth $295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Penobscot Investment Management Company Inc. grew its holdings in Littelfuse by 8.5% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,350 shares of the technology company’s stock valued at $746,000 after purchasing an additional 340 shares in the last quarter. Advisor Group Inc. boosted its stake in Littelfuse by 6.9% during the 4th quarter. Advisor Group Inc. now owns 7,027 shares of the technology company’s stock valued at $1,205,000 after acquiring an additional 452 shares during the last quarter. Royce & Associates LP lifted its position in shares of Littelfuse by 64.3% in the 4th quarter. Royce & Associates LP now owns 50,100 shares of the technology company’s stock worth $8,591,000 after buying an additional 19,600 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Littelfuse in the 4th quarter worth about $213,000. Finally, Raymond James & Associates lifted its position in shares of Littelfuse by 31.6% in the 4th quarter. Raymond James & Associates now owns 59,429 shares of the technology company’s stock worth $10,191,000 after buying an additional 14,280 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

LFUS stock traded up $0.36 during trading hours on Friday, hitting $199.32. The company’s stock had a trading volume of 96,490 shares, compared to its average volume of 158,356. The company has a quick ratio of 2.62, a current ratio of 3.50 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 1.77 and a beta of 0.92. Littelfuse, Inc. has a 12 month low of $155.15 and a 12 month high of $238.10.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Wednesday, January 30th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by ($0.13). The firm had revenue of $402.30 million for the quarter, compared to the consensus estimate of $413.77 million. Littelfuse had a return on equity of 16.12% and a net margin of 9.58%. Littelfuse’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 earnings per share. On average, research analysts expect that Littelfuse, Inc. will post 9.4 EPS for the current fiscal year.

In related news, Director Nathan Zommer sold 7,500 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the director now directly owns 393,286 shares in the company, valued at approximately $78,657,200. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Ian Highley sold 1,000 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $195.98, for a total transaction of $195,980.00. Following the completion of the transaction, the senior vice president now owns 3,701 shares of the company’s stock, valued at approximately $725,321.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,548 shares of company stock valued at $2,085,025. 3.50% of the stock is owned by insiders.

A number of research analysts have recently issued reports on LFUS shares. Barrington Research restated a “hold” rating on shares of Littelfuse in a research report on Tuesday, January 29th. Longbow Research upgraded shares of Littelfuse from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Thursday, January 31st. CIBC upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 target price on the stock in a report on Tuesday, January 8th. BidaskClub upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Friday, January 11th. Finally, Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 target price on the stock in a report on Tuesday, January 8th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $227.00.

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About Littelfuse

Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. 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, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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