Bamco Inc. NY Sells 56,219 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Bamco Inc. NY decreased its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 77.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,517 shares of the technology company’s stock after selling 56,219 shares during the quarter. Bamco Inc. NY owned about 0.07% of Littelfuse worth $4,003,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LFUS. Entropy Technologies LP raised its holdings in Littelfuse by 407.9% in the 1st quarter. Entropy Technologies LP now owns 6,186 shares of the technology company’s stock worth $1,499,000 after purchasing an additional 4,968 shares during the period. Lord Abbett & CO. LLC grew its position in Littelfuse by 88.8% in the first quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock worth $40,278,000 after acquiring an additional 78,153 shares during the period. Vanguard Group Inc. grew its position in Littelfuse by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock worth $649,442,000 after acquiring an additional 17,119 shares during the period. Freedom Day Solutions LLC purchased a new position in shares of Littelfuse during the fourth quarter worth $1,568,000. Finally, Nordea Investment Management AB boosted its position in shares of Littelfuse by 27.3% during the first quarter. Nordea Investment Management AB now owns 215,944 shares of the technology company’s stock worth $52,334,000 after buying an additional 46,361 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insider Buying and Selling at Littelfuse

In other news, SVP Deepak Nayar sold 1,305 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $250.25, for a total transaction of $326,576.25. Following the completion of the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at approximately $1,158,657.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO David W. Heinzmann sold 300 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total value of $81,951.00. Following the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,295,683.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Deepak Nayar sold 1,305 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $250.25, for a total transaction of $326,576.25. Following the sale, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,158,657.50. The disclosure for this sale can be found here. In the last three months, insiders sold 9,938 shares of company stock worth $2,545,503. Insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Stifel Nicolaus increased their price objective on Littelfuse from $240.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Jefferies Financial Group started coverage on Littelfuse in a research note on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price target on the stock. Robert W. Baird upgraded Littelfuse from a “neutral” rating to an “outperform” rating and raised their price target for the company from $270.00 to $300.00 in a research note on Friday, May 17th. Baird R W upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 17th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $270.00.

Littelfuse Stock Performance

LFUS traded down $0.57 during trading on Monday, reaching $259.44. The company’s stock had a trading volume of 26,235 shares, compared to its average volume of 137,863. Littelfuse, Inc. has a 52-week low of $212.80 and a 52-week high of $305.74. The company’s fifty day moving average price is $258.16 and its 200-day moving average price is $245.96. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 2.56 and a beta of 1.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.44 and a current ratio of 3.57.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The company had revenue of $535.39 million during the quarter, compared to the consensus estimate of $519.08 million. During the same period last year, the firm earned $3.64 EPS. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, equities analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

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.