Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. decreased its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 0.9% in the third quarter, Holdings Channel reports. The firm owned 18,584 shares of the technology company’s stock after selling 161 shares during the period. Logan Capital Management Inc.’s holdings in Littelfuse were worth $4,930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LFUS. CWM LLC boosted its holdings in Littelfuse by 410.7% in the second quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after acquiring an additional 115 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Littelfuse by 399.7% in the 2nd quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock valued at $1,204,000 after purchasing an additional 3,769 shares during the last quarter. Raymond James & Associates boosted its stake in Littelfuse by 36.1% in the 2nd quarter. Raymond James & Associates now owns 50,874 shares of the technology company’s stock worth $13,003,000 after purchasing an additional 13,495 shares in the last quarter. Freedom Day Solutions LLC grew its position in Littelfuse by 3.6% during the 2nd quarter. Freedom Day Solutions LLC now owns 6,619 shares of the technology company’s stock worth $1,692,000 after purchasing an additional 231 shares during the last quarter. Finally, Ayrshire Capital Management LLC increased its stake in Littelfuse by 0.6% during the 2nd quarter. Ayrshire Capital Management LLC now owns 23,147 shares of the technology company’s stock valued at $5,916,000 after purchasing an additional 138 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Stock Down 1.0 %

Shares of LFUS opened at $246.30 on Friday. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 2.48 and a beta of 1.26. Littelfuse, Inc. has a 52 week low of $222.91 and a 52 week high of $275.58. The stock’s 50-day moving average price is $251.40 and its 200-day moving average price is $255.37. 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 issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.62. The business had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.97 earnings per share. On average, sell-side analysts predict that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, November 21st. Littelfuse’s payout ratio is 35.99%.

Analyst Ratings Changes

LFUS has been the subject of a number of research analyst reports. Oppenheimer upgraded 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 raised their price objective on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $285.00.

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.