Littelfuse, Inc. (NASDAQ:LFUS) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its position in Littelfuse, Inc. (NASDAQ:LFUS) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,707 shares of the technology company’s stock after buying an additional 271 shares during the period. Wedge Capital Management L L P NC owned about 0.10% of Littelfuse worth $5,587,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in Littelfuse by 1.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 127,058 shares of the technology company’s stock worth $32,475,000 after purchasing an additional 1,466 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Littelfuse by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock valued at $107,244,000 after buying an additional 49,588 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Littelfuse by 17.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,639 shares of the technology company’s stock worth $675,000 after buying an additional 401 shares during the period. Intech Investment Management LLC purchased a new position in shares of Littelfuse during the 2nd quarter valued at approximately $840,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Littelfuse in the 2nd quarter valued at $128,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insider Activity

In related news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now directly owns 3,105 shares in the company, valued at approximately $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Stock Performance

LFUS opened at $233.17 on Friday. The firm has a market capitalization of $5.79 billion, a PE ratio of 29.97, a PEG ratio of 1.93 and a beta of 1.26. 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, Inc. has a twelve month low of $222.91 and a twelve month high of $275.58. The firm’s 50-day moving average price is $241.67 and its 200 day moving average price is $251.88.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share 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 business had revenue of $567.39 million for the quarter, compared to analysts’ expectations of $557.38 million. During the same period in the previous year, the firm posted $2.97 EPS. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.70 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.20%. Littelfuse’s dividend payout ratio is presently 35.99%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Littelfuse currently has a consensus rating of “Moderate Buy” and a consensus 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.