Littelfuse, Inc. (NASDAQ:LFUS) Shares Purchased by Synovus Financial Corp

Synovus Financial Corp grew its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 11.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,857 shares of the technology company’s stock after buying an additional 304 shares during the period. Synovus Financial Corp’s holdings in Littelfuse were worth $758,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Pathstone Holdings LLC increased its position in shares of Littelfuse by 0.6% during the 3rd quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock valued at $1,730,000 after purchasing an additional 40 shares during the period. Assetmark Inc. grew its holdings in shares of Littelfuse by 6.5% in the 3rd quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock worth $191,000 after acquiring an additional 44 shares during the last quarter. US Bancorp DE grew its holdings in shares of Littelfuse by 1.4% in the 3rd quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock worth $911,000 after acquiring an additional 49 shares during the last quarter. Rathbones Group PLC grew its holdings in shares of Littelfuse by 0.3% in the 2nd quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock worth $4,249,000 after acquiring an additional 52 shares during the last quarter. Finally, Tributary Capital Management LLC grew its holdings in shares of Littelfuse by 1.4% in the 3rd quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock worth $1,045,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the business’s stock in a transaction dated 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 owns 3,105 shares of the company’s stock, valued at $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LFUS shares. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Robert W. Baird raised their target price on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. 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. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report 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 company’s stock. Based on data from MarketBeat, Littelfuse currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Stock Performance

Shares of NASDAQ LFUS opened at $243.74 on Wednesday. The business’s 50-day moving average price is $250.95 and its two-hundred day moving average price is $255.22. 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 one year low of $222.91 and a one year high of $275.58. The company has a market capitalization of $6.05 billion, a P/E ratio of 31.33, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $557.38 million. During the same quarter in the previous year, the company posted $2.97 earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. Analysts anticipate that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.70 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.15%. Littelfuse’s dividend payout ratio (DPR) is currently 35.99%.

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.