Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by MetLife Investment Advisors LLC

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MetLife Investment Advisors LLC trimmed its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 40.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,692 shares of the technology company’s stock after selling 10,634 shares during the period. MetLife Investment Advisors LLC owned 0.06% of Littelfuse worth $3,581,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Gideon Capital Advisors Inc. acquired a new position in shares of Littelfuse in the second quarter valued at approximately $205,000. CIBC Asset Management Inc acquired a new position in Littelfuse during the second quarter worth $205,000. Bremer Trust National Association acquired a new position in Littelfuse during the second quarter worth $212,000. Visionary Asset Management Inc. acquired a new position in Littelfuse during the second quarter worth $214,000. Finally, Cigna Investments Inc. New acquired a new position in Littelfuse during the first quarter worth $205,000. 97.05% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the stock. ValuEngine cut shares of Littelfuse from a “hold” rating to a “sell” rating in a report on Monday, October 8th. CL King set a $248.00 price target on shares of Littelfuse and gave the stock a “buy” rating in a research report on Tuesday, September 25th. BidaskClub lowered shares of Littelfuse from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 21st. Barrington Research reissued a “hold” rating on shares of Littelfuse in a research report on Tuesday, July 31st. Finally, Zacks Investment Research lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $245.00.

In related news, Director Nathan Zommer sold 13,741 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $222.38, for a total value of $3,055,723.58. Following the completion of the transaction, the director now owns 475,419 shares in the company, valued at approximately $105,723,677.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director T J. Chung sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $227.41, for a total transaction of $272,892.00. Following the completion of the transaction, the director now owns 16,940 shares of the company’s stock, valued at approximately $3,852,325.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,502 shares of company stock worth $6,314,954. 3.80% of the stock is currently owned by corporate insiders.

Littelfuse stock traded up $2.52 during trading hours on Friday, reaching $176.86. 171,308 shares of the stock were exchanged, compared to its average volume of 188,258. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.72 and a beta of 0.93. The company has a quick ratio of 2.69, a current ratio of 3.59 and a debt-to-equity ratio of 0.47. Littelfuse, Inc. has a twelve month low of $174.21 and a twelve month high of $238.10.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, August 1st. The technology company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.18. The firm had revenue of $459.20 million for the quarter, compared to the consensus estimate of $458.84 million. Littelfuse had a net margin of 7.36% and a return on equity of 18.22%. The business’s revenue for the quarter was up 46.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.10 earnings per share. On average, sell-side analysts expect that Littelfuse, Inc. will post 9.57 earnings per share for the current year.

Littelfuse Profile

Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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