Tectonic Advisors LLC Increases Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Tectonic Advisors LLC boosted its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,638 shares of the technology company’s stock after acquiring an additional 107 shares during the quarter. Tectonic Advisors LLC’s holdings in Littelfuse were worth $435,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Van Lanschot Kempen Investment Management N.V. purchased a new position in Littelfuse in the 2nd quarter valued at about $100,662,000. Westwood Holdings Group Inc. grew its stake in Littelfuse by 223.8% during the 1st quarter. Westwood Holdings Group Inc. now owns 313,927 shares of the technology company’s stock valued at $76,080,000 after purchasing an additional 216,985 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Littelfuse during the 2nd quarter worth approximately $46,037,000. Lord Abbett & CO. LLC raised its position in shares of Littelfuse by 88.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock valued at $40,278,000 after purchasing an additional 78,153 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Littelfuse by 13.2% during the 2nd quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock valued at $128,179,000 after buying an additional 58,529 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insider Buying and Selling at Littelfuse

In other news, SVP Matthew Cole sold 1,436 shares of the company’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 transaction, the senior vice president now owns 5,522 shares in the company, valued at approximately $1,358,522.44. This represents 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 accessible through the SEC website. In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,383,971.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the transaction, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,028 shares of company stock worth $4,356,035. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Littelfuse Price Performance

LFUS opened at $253.22 on Friday. The company has a quick ratio of 2.42, a current ratio of 3.50 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $259.27 and its 200 day moving average price is $254.15. Littelfuse, Inc. has a fifty-two week low of $212.80 and a fifty-two week high of $275.58. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 2.60 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, July 30th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.75 by $0.22. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The company had revenue of $558.49 million during the quarter, compared to analyst estimates of $540.35 million. During the same period in the prior year, the company earned $3.12 earnings per share. The business’s revenue was down 8.7% compared to the same quarter last year. As a group, sell-side analysts expect that Littelfuse, Inc. will post 8.14 earnings per share for the current year.

Littelfuse 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.