HighTower Advisors LLC Raises Position in Littelfuse, Inc. (NASDAQ:LFUS)

HighTower Advisors LLC lifted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 4.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,158 shares of the technology company’s stock after buying an additional 134 shares during the period. HighTower Advisors LLC’s holdings in Littelfuse were worth $839,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LFUS. Holocene Advisors LP boosted its holdings in Littelfuse by 4.2% during the 3rd quarter. Holocene Advisors LP now owns 15,734 shares of the technology company’s stock worth $4,173,000 after acquiring an additional 634 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Littelfuse during the third quarter valued at about $14,480,000. Captrust Financial Advisors boosted its holdings in Littelfuse by 6.5% during the third quarter. Captrust Financial Advisors now owns 1,488 shares of the technology company’s stock worth $395,000 after purchasing an additional 91 shares during the last quarter. Walleye Capital LLC bought a new stake in Littelfuse in the 3rd quarter worth about $5,389,000. Finally, Glenmede Trust Co. NA increased its stake in Littelfuse by 18.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,059 shares of the technology company’s stock valued at $546,000 after buying an additional 316 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Insider Buying and Selling at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 3,105 shares in the company, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.

Littelfuse Stock Performance

Shares of LFUS opened at $235.60 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The firm has a market cap of $5.85 billion, a PE ratio of 30.28, a PEG ratio of 2.48 and a beta of 1.26. Littelfuse, Inc. has a 1 year low of $222.91 and a 1 year high of $275.58. The stock’s fifty day moving average price is $250.22 and its two-hundred day moving average price is $254.99.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.62. The business had revenue of $567.39 million for the quarter, compared to analysts’ expectations of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.97 EPS. On average, equities research analysts forecast that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.19%. The ex-dividend date was Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is presently 35.99%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LFUS shares. Robert W. Baird upped their target price on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Finally, Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a report on Thursday, October 17th. Three equities 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. According to data from MarketBeat.com, the stock 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.