Public Employees Retirement Association of Colorado Has $23.53 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

Public Employees Retirement Association of Colorado lessened its position in Littelfuse, Inc. (NASDAQ:LFUS) by 0.5% during the 1st quarter, Holdings Channel reports. The firm owned 97,089 shares of the technology company’s stock after selling 518 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Littelfuse were worth $23,530,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LFUS. Pacer Advisors Inc. grew its stake in Littelfuse by 8.1% during the fourth quarter. Pacer Advisors Inc. now owns 3,739 shares of the technology company’s stock worth $1,000,000 after buying an additional 281 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Littelfuse by 7.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 7,861 shares of the technology company’s stock valued at $2,103,000 after purchasing an additional 529 shares in the last quarter. Trust Point Inc. acquired a new stake in Littelfuse during the 4th quarter valued at $274,000. Boston Trust Walden Corp raised its position in Littelfuse by 8.8% in the 4th quarter. Boston Trust Walden Corp now owns 216,426 shares of the technology company’s stock valued at $57,907,000 after purchasing an additional 17,454 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Littelfuse in the fourth quarter worth $7,916,000. Institutional investors own 96.14% of the company’s stock.

Insider Activity at Littelfuse

In other Littelfuse news, CFO Meenal Sethna sold 6,114 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 22,432 shares in the company, valued at $5,753,583.68. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Littelfuse news, CFO Meenal Sethna sold 6,114 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $256.49, for a total value 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 $5,753,583.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction on Wednesday, July 17th. The stock was 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 in the company, valued at $16,295,683.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,938 shares of company stock worth $2,545,503. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Littelfuse Trading Down 0.5 %

Shares of LFUS traded down $1.21 on Monday, reaching $258.80. 31,252 shares of the company’s stock were exchanged, compared to its average volume of 137,898. The business has a 50 day moving average price of $258.16 and a two-hundred day moving average price of $245.96. Littelfuse, Inc. has a 12 month low of $212.80 and a 12 month high of $305.74. The stock has a market capitalization of $6.41 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 2.56 and a beta of 1.29. The company has a current ratio of 3.57, a quick ratio of 2.44 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate 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 net margin of 9.58% and a return on equity of 10.21%. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.64 EPS. Research analysts anticipate that Littelfuse, Inc. will post 8.47 earnings per share 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.