MQS Management LLC Purchases Shares of 983 Littelfuse, Inc. (NASDAQ:LFUS)

MQS Management LLC acquired a new position in Littelfuse, Inc. (NASDAQ:LFUS) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 983 shares of the technology company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LFUS. SG Americas Securities LLC boosted its holdings in shares of Littelfuse by 399.7% during the 2nd quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock worth $1,204,000 after buying an additional 3,769 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Littelfuse by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock valued at $649,442,000 after acquiring an additional 17,119 shares during the period. Sei Investments Co. boosted its stake in Littelfuse by 8.9% during the first quarter. Sei Investments Co. now owns 40,897 shares of the technology company’s stock worth $9,910,000 after acquiring an additional 3,343 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Littelfuse in the first quarter worth $2,454,000. Finally, Quadrature Capital Ltd increased its stake in Littelfuse by 66.7% in the first quarter. Quadrature Capital Ltd now owns 28,113 shares of the technology company’s stock valued at $6,817,000 after purchasing an additional 11,247 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. TD Cowen increased their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Robert W. Baird upped their target price on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Finally, Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $285.00.

Littelfuse Stock Down 1.4 %

Shares of NASDAQ:LFUS opened at $249.30 on Friday. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.49 and a beta of 1.28. The business’s 50 day moving average is $255.64 and its 200 day moving average is $256.32. Littelfuse, Inc. has a 12-month low of $222.91 and a 12-month high of $275.58. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31.

Littelfuse (NASDAQ:LFUS) last posted its 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 net margin of 8.88% and a return on equity of 8.49%. The firm had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. During the same quarter in the prior year, the business posted $2.97 EPS. The business’s revenue was down 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.12%. Littelfuse’s payout ratio is presently 35.99%.

Insider Activity

In related news, CEO David W. Heinzmann sold 2,091 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,383,971.10. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Matthew Cole sold 1,436 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the transaction, the senior vice president now directly owns 5,522 shares of the company’s stock, 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 sold a total of 12,242 shares of company stock valued at $3,318,974 over the last three months. Corporate insiders own 2.30% of the company’s stock.

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.