Tidal Investments LLC Boosts Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Tidal Investments LLC boosted its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 67.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,417 shares of the technology company’s stock after purchasing an additional 2,188 shares during the quarter. Tidal Investments LLC’s holdings in Littelfuse were worth $1,437,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Huntington National Bank raised its stake in 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. Truvestments Capital LLC bought a new position in shares of Littelfuse in the 3rd quarter valued at about $27,000. CWM LLC grew its position in Littelfuse by 410.7% in the second quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after acquiring an additional 115 shares in the last quarter. UMB Bank n.a. increased its stake in Littelfuse by 70.2% during the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after acquiring an additional 59 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Littelfuse during the third quarter valued at approximately $53,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Insider Transactions at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were 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 of the company’s stock, valued at $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective 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. Finally, Robert W. Baird lifted their price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Littelfuse currently has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Trading Down 3.3 %

NASDAQ LFUS opened at $235.60 on Thursday. The stock 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 12 month low of $222.91 and a 12 month high of $275.58. The company’s 50-day moving average price is $250.22 and its 200-day moving average price is $254.99. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.62. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The business had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. During the same period in the prior year, the firm earned $2.97 EPS. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. Equities research analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current 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 issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Thursday, November 21st. Littelfuse’s dividend payout ratio is 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.