Littelfuse, Inc. (NASDAQ:LFUS) Stake Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 20.4% during the third quarter, HoldingsChannel reports. The fund owned 102,861 shares of the technology company’s stock after acquiring an additional 17,408 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Littelfuse were worth $27,284,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. CWM LLC lifted its position in shares of Littelfuse by 410.7% during the second quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after purchasing an additional 115 shares during the last quarter. UMB Bank n.a. raised its position in shares of Littelfuse by 70.2% during the 3rd 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 in the last quarter. GAMMA Investing LLC boosted its holdings in Littelfuse by 275.0% in 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. EntryPoint Capital LLC bought a new stake in Littelfuse during the first quarter valued at $50,000. Finally, Covestor Ltd raised its holdings in shares of Littelfuse by 28.5% during the first quarter. Covestor Ltd now owns 239 shares of the technology company’s stock worth $58,000 after purchasing an additional 53 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LFUS shares. Robert W. Baird boosted their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. TD Cowen increased their price target on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and boosted their price objective for the company from $270.00 to $280.00 in a research report on Tuesday, August 13th. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research report on Thursday, October 17th. Finally, StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Stock Performance

Shares of LFUS stock opened at $253.12 on Thursday. The business has a 50 day simple moving average of $259.45 and a 200 day simple moving average of $254.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 2.42. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. Littelfuse, Inc. has a 12-month low of $212.80 and a 12-month high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.22. The company had revenue of $558.49 million for the quarter, compared to analyst estimates of $540.35 million. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period last year, the company earned $3.12 earnings per share. On average, equities research analysts anticipate that Littelfuse, Inc. will post 8.18 EPS for the current year.

Insider Buying and Selling at Littelfuse

In other news, CEO David W. Heinzmann sold 2,091 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the transaction, 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $274.65, for a total transaction of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,383,971.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,028 shares of company stock valued at $4,356,035. Company insiders own 2.30% of the company’s stock.

About Littelfuse

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.