Fisher Asset Management LLC Buys 1,837 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Fisher Asset Management LLC boosted its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 219,032 shares of the technology company’s stock after acquiring an additional 1,837 shares during the quarter. Fisher Asset Management LLC’s holdings in Littelfuse were worth $58,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Huntington National Bank boosted its stake in shares of Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after purchasing an additional 64 shares in the last quarter. CWM LLC grew its holdings in Littelfuse by 410.7% during the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after acquiring an additional 115 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Littelfuse by 70.2% during the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after acquiring an additional 59 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Littelfuse by 275.0% during the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock worth $42,000 after purchasing an additional 121 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Littelfuse in the third quarter worth $53,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LFUS. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a research report on Thursday, October 17th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. TD Cowen raised their price target on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Finally, Robert W. Baird increased their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Three research 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, Littelfuse presently has an average rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Stock Up 3.1 %

Littelfuse stock opened at $251.39 on Tuesday. The company has a market capitalization of $6.24 billion, a PE ratio of 32.39, a PEG ratio of 2.40 and a beta of 1.28. Littelfuse, Inc. has a 12-month low of $222.91 and a 12-month high of $275.58. The firm’s fifty day moving average is $254.58 and its 200 day moving average is $256.27. 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 announced 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. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The firm had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. During the same quarter in the prior year, the business earned $2.97 earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.11%. Littelfuse’s dividend payout ratio is 35.99%.

Insider Transactions at Littelfuse

In other news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the sale, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The trade was a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is owned by 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.