Shelton Capital Management Has $346,000 Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Shelton Capital Management cut its position in Littelfuse, Inc. (NASDAQ:LFUS) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,188 shares of the technology company’s stock after selling 55 shares during the quarter. Shelton Capital Management’s holdings in Littelfuse were worth $346,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management increased its stake in shares of Littelfuse by 87.0% in the second quarter. Spire Wealth Management now owns 86 shares of the technology company’s stock worth $25,000 after purchasing an additional 40 shares during the period. Point72 Hong Kong Ltd bought a new position in Littelfuse in the 1st quarter worth approximately $33,000. Geneos Wealth Management Inc. lifted its holdings in shares of Littelfuse by 374.1% during the second quarter. Geneos Wealth Management Inc. now owns 128 shares of the technology company’s stock worth $37,000 after buying an additional 101 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Littelfuse in the second quarter valued at approximately $38,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Littelfuse by 33.1% in the fourth 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 last quarter. Institutional investors own 93.39% of the company’s stock.

Littelfuse Stock Performance

Shares of NASDAQ LFUS opened at $237.22 on Tuesday. Littelfuse, Inc. has a one year low of $211.16 and a one year high of $309.94. The company has a current ratio of 3.03, a quick ratio of 2.02 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $236.55 and a 200 day simple moving average of $260.05. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.68 and a beta of 1.32.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, October 31st. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.36. Littelfuse had a net margin of 12.69% and a return on equity of 14.12%. The company had revenue of $607.07 million during the quarter, compared to analysts’ expectations of $585.80 million. Sell-side analysts expect that Littelfuse, Inc. will post 11.82 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 23rd will be issued a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.10%. Littelfuse’s payout ratio is presently 21.02%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LFUS shares. StockNews.com started coverage on shares of Littelfuse in a report on Thursday, October 5th. They issued a “hold” rating for the company. Robert W. Baird reduced their target price on shares of Littelfuse from $300.00 to $290.00 in a research note on Thursday, October 12th.

Insider Buying and Selling

In other Littelfuse news, SVP Matthew Cole sold 1,800 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $236.93, for a total value of $426,474.00. Following the sale, the senior vice president now directly owns 5,530 shares in the company, valued at $1,310,222.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Littelfuse Company Profile

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.