Littelfuse, Inc. (NASDAQ:LFUS) Shares Acquired by Studio Investment Management LLC

Studio Investment Management LLC boosted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,691 shares of the technology company’s stock after buying an additional 65 shares during the quarter. Studio Investment Management LLC’s holdings in Littelfuse were worth $449,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Pathstone Holdings LLC lifted its position in shares of Littelfuse by 0.6% in the 3rd quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock valued at $1,730,000 after acquiring an additional 40 shares in the last quarter. Assetmark Inc. boosted its position in shares of Littelfuse by 6.5% in the third quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock worth $191,000 after buying an additional 44 shares during the period. US Bancorp DE grew its holdings in shares of Littelfuse by 1.4% during the third quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock valued at $911,000 after buying an additional 49 shares in the last quarter. Rathbones Group PLC raised its position in Littelfuse by 0.3% during the second quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock valued at $4,249,000 after buying an additional 52 shares during the period. Finally, Covestor Ltd lifted its stake in Littelfuse by 28.5% in the 1st quarter. Covestor Ltd now owns 239 shares of the technology company’s stock worth $58,000 after acquiring an additional 53 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Stock Up 0.7 %

LFUS stock opened at $238.87 on Friday. The firm has a market cap of $5.93 billion, a PE ratio of 30.70, a PEG ratio of 2.34 and a beta of 1.28. Littelfuse, Inc. has a 1 year low of $222.91 and a 1 year high of $275.58. The company has a fifty day simple moving average of $254.71 and a 200 day simple moving average of $256.33. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The company had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. During the same quarter in the prior year, the company posted $2.97 EPS. The firm’s revenue was down 6.5% on a year-over-year basis. Sell-side analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Thursday, November 21st. Littelfuse’s dividend payout ratio is 35.99%.

Insider Activity

In related news, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the transaction, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. The trade was a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the sale, the senior vice president now owns 5,522 shares in the company, valued at $1,358,522.44. This represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. TD Cowen upped their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a research note on Thursday, October 17th. Robert W. Baird upped their price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Littelfuse presently has an average 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.