Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lessened its position in Littelfuse, Inc. (NASDAQ:LFUS) by 56.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,107 shares of the technology company’s stock after selling 14,449 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Littelfuse were worth $2,946,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Littelfuse by 399.7% during the second quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock worth $1,204,000 after purchasing an additional 3,769 shares during the period. Chesapeake Capital Corp IL purchased a new stake in Littelfuse during the 3rd quarter worth approximately $570,000. Thrivent Financial for Lutherans lifted its holdings in Littelfuse by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock worth $73,781,000 after buying an additional 3,831 shares in the last quarter. Victory Capital Management Inc. boosted its position in Littelfuse by 13.2% in 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 period. Finally, Federated Hermes Inc. grew its stake in shares of Littelfuse by 3.4% in the second quarter. Federated Hermes Inc. now owns 209,976 shares of the technology company’s stock worth $53,668,000 after acquiring an additional 6,814 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the transaction, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This trade represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Trading Up 3.1 %

LFUS opened at $251.39 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. Littelfuse, Inc. has a one year low of $222.91 and a one year high of $275.58. The company has a market cap of $6.24 billion, a P/E ratio of 32.31, a PEG ratio of 2.40 and a beta of 1.28. The business’s 50-day simple moving average is $254.56 and its 200-day simple moving average is $256.24.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.62. The company had revenue of $567.39 million for 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%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the company earned $2.97 earnings per share. As a group, equities research analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently disclosed 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 yield of 1.11%. Littelfuse’s dividend payout ratio is presently 35.99%.

Analyst Upgrades and Downgrades

LFUS has been the topic of several analyst reports. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and increased their price objective for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a research report on Thursday, October 17th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird raised their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, TD Cowen boosted their price target 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 research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Littelfuse presently has a consensus rating of “Moderate Buy” and an average price target of $285.00.

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.