Bamco Inc. NY Sells 56,219 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Bamco Inc. NY lessened its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 77.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,517 shares of the technology company’s stock after selling 56,219 shares during the period. Bamco Inc. NY’s holdings in Littelfuse were worth $4,003,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Rise Advisors LLC purchased a new stake in shares of Littelfuse during the 1st quarter valued at about $30,000. SRS Capital Advisors Inc. boosted its stake in shares of Littelfuse by 372.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company’s stock valued at $37,000 after purchasing an additional 108 shares in the last quarter. Principal Securities Inc. purchased a new stake in Littelfuse during the fourth quarter valued at approximately $50,000. EntryPoint Capital LLC purchased a new stake in Littelfuse during the first quarter valued at approximately $50,000. Finally, Covestor Ltd lifted its position in Littelfuse by 28.5% during the first quarter. Covestor Ltd now owns 239 shares of the technology company’s stock valued at $58,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LFUS. Jefferies Financial Group assumed coverage on shares of Littelfuse in a report on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price target for the company. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Thursday, May 2nd. Robert W. Baird raised shares of Littelfuse from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $270.00 to $300.00 in a research note on Friday, May 17th. Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 17th. Finally, Stifel Nicolaus upped their price objective on shares of Littelfuse from $240.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $270.00.

Insider Activity at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at $16,295,683.18. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total value of $81,951.00. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,295,683.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Meenal Sethna sold 6,114 shares of Littelfuse stock in a transaction on Monday, May 13th. The stock was sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the completion of the sale, the chief financial officer now owns 22,432 shares of the company’s stock, valued at approximately $5,753,583.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,938 shares of company stock worth $2,545,503. 2.30% of the stock is owned by company insiders.

Littelfuse Stock Performance

NASDAQ:LFUS traded down $0.57 during trading hours on Monday, reaching $259.44. 26,235 shares of the company’s stock were exchanged, compared to its average volume of 137,863. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 29.78, a P/E/G ratio of 2.56 and a beta of 1.29. The company has a 50-day moving average of $258.16 and a 200 day moving average of $245.96. The company has a quick ratio of 2.44, a current ratio of 3.57 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $305.74.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The firm had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. During the same quarter last year, the business earned $3.64 earnings per share. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. Research analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current year.

About Littelfuse

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.