Littelfuse, Inc. (NASDAQ:LFUS) Shares Acquired by Studio Investment Management LLC

Studio Investment Management LLC boosted its position in Littelfuse, Inc. (NASDAQ:LFUS) by 4.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,691 shares of the technology company’s stock after buying an additional 65 shares during the quarter. Studio Investment Management LLC’s holdings in Littelfuse were worth $449,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van Lanschot Kempen Investment Management N.V. acquired a new position in shares of Littelfuse in the second quarter worth about $100,662,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Littelfuse during the 2nd quarter valued at approximately $46,037,000. Victory Capital Management Inc. boosted its stake in shares of Littelfuse by 13.2% during the 2nd quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock valued at $128,179,000 after buying an additional 58,529 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Littelfuse by 38.4% in the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock worth $48,048,000 after buying an additional 50,304 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Littelfuse by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock valued at $107,244,000 after acquiring an additional 49,588 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the sale, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The trade was a 20.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Heinzmann sold 2,091 shares of the 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 completion of the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Trading Up 0.7 %

Shares of NASDAQ LFUS opened at $238.87 on Friday. Littelfuse, Inc. has a 12-month low of $222.91 and a 12-month high of $275.58. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 2.34 and a beta of 1.28. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $254.71 and its 200 day simple moving average is $256.33.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The company had revenue of $567.39 million for the quarter, compared to analysts’ expectations of $557.38 million. During the same period last year, the business posted $2.97 earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities research analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a $0.70 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.17%. Littelfuse’s payout ratio is currently 35.99%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LFUS. Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and raised their price objective for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a research note on Thursday, October 17th. Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Robert W. Baird upped their price target on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.