Coldstream Capital Management Inc. Raises Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Coldstream Capital Management Inc. boosted its position in Littelfuse, Inc. (NASDAQ:LFUS) by 2.2% during the second quarter, HoldingsChannel reports. The fund owned 10,060 shares of the technology company’s stock after buying an additional 212 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Littelfuse were worth $2,571,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in LFUS. Texas Permanent School Fund Corp raised its position in shares of Littelfuse by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 21,924 shares of the technology company’s stock valued at $5,604,000 after purchasing an additional 129 shares during the period. MainStreet Investment Advisors LLC lifted its position in shares of Littelfuse by 15.4% during the second quarter. MainStreet Investment Advisors LLC now owns 1,433 shares of the technology company’s stock worth $366,000 after acquiring an additional 191 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Littelfuse by 6.1% in the second quarter. Savant Capital LLC now owns 3,612 shares of the technology company’s stock worth $923,000 after acquiring an additional 207 shares during the period. Private Advisor Group LLC grew its position in shares of Littelfuse by 377.1% in the second quarter. Private Advisor Group LLC now owns 4,571 shares of the technology company’s stock valued at $1,168,000 after purchasing an additional 3,613 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Littelfuse by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 6,976 shares of the technology company’s stock valued at $1,783,000 after purchasing an additional 132 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Littelfuse

In related news, CEO David W. Heinzmann sold 3,786 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,340,423.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Littelfuse news, CEO David W. Heinzmann sold 3,786 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,340,423.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David W. Heinzmann sold 8,715 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the completion of the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,369,057.60. The disclosure for this sale can be found here. In the last three months, insiders sold 14,892 shares of company stock worth $4,084,701. 2.30% of the stock is currently owned by corporate insiders.

Littelfuse Trading Down 1.8 %

Shares of LFUS opened at $244.47 on Wednesday. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $275.58. The company has a market capitalization of $6.06 billion, a P/E ratio of 28.00, a P/E/G ratio of 2.56 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 2.42. The firm’s 50 day simple moving average is $258.44 and its 200 day simple moving average is $249.49.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.22. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The firm had revenue of $558.49 million for the quarter, compared to analysts’ expectations of $540.35 million. During the same quarter last year, the company posted $3.12 EPS. The business’s quarterly revenue was down 8.7% on a year-over-year basis. Sell-side analysts forecast that Littelfuse, Inc. will post 8.18 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.70 per share. The ex-dividend date was Thursday, August 22nd. This represents a $2.80 annualized dividend and a yield of 1.15%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.65. Littelfuse’s payout ratio is 32.07%.

Analyst Ratings Changes

Several brokerages have commented on LFUS. TD Cowen raised their target price on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird boosted their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and increased their target price for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Finally, Baird R W upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $278.75.

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.