Coldstream Capital Management Inc. Has $2.76 Million Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Coldstream Capital Management Inc. grew its position in Littelfuse, Inc. (NASDAQ:LFUS) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,406 shares of the technology company’s stock after buying an additional 346 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Littelfuse were worth $2,760,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after buying an additional 64 shares during the period. Truvestments Capital LLC acquired a new position in shares of Littelfuse in the third quarter worth about $27,000. CWM LLC boosted its holdings in shares of Littelfuse by 410.7% in the second quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after buying an additional 115 shares during the period. UMB Bank n.a. boosted its holdings in shares of Littelfuse by 70.2% in the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after buying an additional 59 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Littelfuse in the third quarter worth about $53,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the transaction, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This trade represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on LFUS. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. 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 report on Thursday, October 17th. Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and raised their price target for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Finally, Robert W. Baird raised their price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Littelfuse currently has an average rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Price Performance

Shares of LFUS opened at $250.98 on Wednesday. The firm has a market cap of $6.23 billion, a PE ratio of 32.26, a PEG ratio of 2.42 and a beta of 1.27. The firm’s 50 day moving average price is $251.65 and its 200 day moving average price is $255.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. Littelfuse, Inc. has a twelve month low of $222.91 and a twelve month high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.62. The firm had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.97 earnings per share. As a group, research analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Announces Dividend

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

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.