JPMorgan Chase & Co. Sells 15,996 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

JPMorgan Chase & Co. cut its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 5.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 264,295 shares of the technology company’s stock after selling 15,996 shares during the quarter. JPMorgan Chase & Co.’s holdings in Littelfuse were worth $70,104,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Lord Abbett & CO. LLC lifted its position in shares of Littelfuse by 6.0% during the third quarter. Lord Abbett & CO. LLC now owns 193,719 shares of the technology company’s stock valued at $51,384,000 after buying an additional 10,972 shares during the last quarter. Synovus Financial Corp grew its holdings in Littelfuse by 11.9% in the third quarter. Synovus Financial Corp now owns 2,857 shares of the technology company’s stock worth $758,000 after purchasing an additional 304 shares during the last quarter. Tidal Investments LLC increased its position in shares of Littelfuse by 67.8% during the third quarter. Tidal Investments LLC now owns 5,417 shares of the technology company’s stock worth $1,437,000 after purchasing an additional 2,188 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Littelfuse during the 3rd quarter valued at $84,000. Finally, Sanctuary Advisors LLC grew its stake in Littelfuse by 6.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,094 shares of the technology company’s stock worth $998,000 after buying an additional 257 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LFUS shares. Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Oppenheimer raised 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. Finally, StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Three investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Trading Up 1.8 %

NASDAQ LFUS opened at $238.83 on Friday. The company has a fifty day moving average of $245.41 and a 200 day moving average of $253.56. The company has a market capitalization of $5.93 billion, a PE ratio of 30.70, a P/E/G ratio of 2.42 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. Littelfuse, Inc. has a 1 year low of $222.91 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS 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 firm had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. During the same period last year, the company earned $2.97 earnings per share. Littelfuse’s revenue for the quarter was down 6.5% compared to the same quarter last year. Research analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 annualized dividend and a yield of 1.17%. Littelfuse’s dividend payout ratio is presently 35.99%.

Insider Buying and Selling at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the business’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 completion of the sale, the chief accounting officer now directly owns 3,105 shares in the company, valued at $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by corporate insiders.

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.