Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC lowered its position in Littelfuse, Inc. (NASDAQ:LFUS) by 4.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,248 shares of the technology company’s stock after selling 2,170 shares during the period. Cambiar Investors LLC owned about 0.20% of Littelfuse worth $13,063,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CWM LLC boosted its position in Littelfuse by 410.7% during the second quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after purchasing an additional 115 shares in the last quarter. UMB Bank n.a. raised its position in Littelfuse by 70.2% during the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after acquiring an additional 59 shares during the period. GAMMA Investing LLC lifted its holdings in Littelfuse by 275.0% during the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock valued at $42,000 after purchasing an additional 121 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Littelfuse in the first quarter valued at about $50,000. Finally, Covestor Ltd increased its stake in shares of Littelfuse by 28.5% during the first quarter. Covestor Ltd now owns 239 shares of the technology company’s stock worth $58,000 after purchasing an additional 53 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Stock Up 2.0 %

Shares of NASDAQ:LFUS opened at $249.44 on Friday. Littelfuse, Inc. has a 52-week low of $222.91 and a 52-week high of $275.58. The stock has a market cap of $6.18 billion, a P/E ratio of 32.06, a PEG ratio of 2.57 and a beta of 1.27. The business has a fifty day moving average of $257.63 and a two-hundred day moving average of $254.73. The company has a quick ratio of 2.42, a current ratio of 3.55 and a debt-to-equity ratio of 0.31.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.63. The firm had revenue of $567.39 million during the quarter, compared to analysts’ expectations of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. Littelfuse’s revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business earned $2.97 earnings per share. On average, research analysts expect that Littelfuse, Inc. will post 8.14 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse’s dividend payout ratio is presently 35.99%.

Insider Buying and Selling

In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of Littelfuse stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,383,971.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO David W. Heinzmann sold 8,715 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the completion of the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,369,057.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David W. Heinzmann sold 2,091 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,383,971.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,242 shares of company stock worth $3,318,974. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LFUS shares. Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday. Robert W. Baird lifted their price target on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and raised their price objective for the company from $270.00 to $280.00 in a report on Tuesday, August 13th. Finally, TD Cowen upped their target price on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $285.00.

Littelfuse Company Profile

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.