Littelfuse, Inc. (NASDAQ:LFUS) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its position in Littelfuse, Inc. (NASDAQ:LFUS) by 1.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 278,158 shares of the technology company’s stock after acquiring an additional 3,831 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Littelfuse were worth $73,781,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Chesapeake Capital Corp IL acquired a new stake in shares of Littelfuse in the third quarter worth approximately $570,000. Natixis Advisors LLC lifted its holdings in Littelfuse by 0.8% in the 3rd quarter. Natixis Advisors LLC now owns 12,589 shares of the technology company’s stock valued at $3,340,000 after purchasing an additional 104 shares in the last quarter. Royce & Associates LP boosted its stake in Littelfuse by 5.9% during the 3rd quarter. Royce & Associates LP now owns 215,383 shares of the technology company’s stock worth $57,130,000 after purchasing an additional 12,079 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Littelfuse during the third quarter worth $201,000. Finally, Zions Bancorporation N.A. raised its position in shares of Littelfuse by 17.7% in the third quarter. Zions Bancorporation N.A. now owns 5,463 shares of the technology company’s stock valued at $1,449,000 after buying an additional 822 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a research report on Thursday, October 17th. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. TD Cowen boosted their price objective on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, 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 note on Thursday, August 29th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.00.

Insider Activity

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the sale, the senior vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David W. Heinzmann sold 2,091 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at $16,383,971.10. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,242 shares of company stock valued at $3,318,974. Company insiders own 2.30% of the company’s stock.

Littelfuse Stock Down 3.3 %

LFUS stock opened at $241.09 on Monday. The firm has a market cap of $5.98 billion, a PE ratio of 30.99, a PEG ratio of 2.37 and a beta of 1.28. Littelfuse, Inc. has a one year low of $222.91 and a one year high of $275.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The firm’s 50 day moving average price is $255.32 and its 200-day moving average price is $256.49.

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

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse’s dividend payout ratio is presently 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.