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

Cambiar Investors LLC lowered its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 13.5% in the fourth quarter, HoldingsChannel reports. The firm owned 42,594 shares of the technology company’s stock after selling 6,654 shares during the quarter. Cambiar Investors LLC’s holdings in Littelfuse were worth $10,037,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Huntington National Bank lifted its stake in Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after acquiring an additional 64 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Littelfuse during the 3rd quarter worth approximately $27,000. UMB Bank n.a. raised its position in Littelfuse by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 59 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after purchasing an additional 105 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Littelfuse in the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LFUS. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a research note on Thursday, October 17th. Robert W. Baird dropped their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

Insider Buying and Selling at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the transaction, the chief accounting officer now directly owns 3,105 shares in the company, valued at $773,207.10. This represents a 18.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is owned by insiders.

Littelfuse Price Performance

Shares of NASDAQ LFUS opened at $234.72 on Tuesday. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 52.16, a PEG ratio of 2.05 and a beta of 1.26. Littelfuse, Inc. has a 52 week low of $222.73 and a 52 week high of $275.58. The company’s 50-day moving average price is $238.11 and its 200 day moving average price is $248.99. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same period last year, the business posted $2.02 EPS. As a group, research analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be issued a $0.70 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.19%. Littelfuse’s dividend payout ratio (DPR) is 62.22%.

Littelfuse 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.