Quest Partners LLC Makes New $99,000 Investment in Littelfuse, Inc. (NASDAQ:LFUS)

Quest Partners LLC acquired a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 375 shares of the technology company’s stock, valued at approximately $99,000.

A number of other hedge funds also recently added to or reduced their stakes in LFUS. SG Americas Securities LLC lifted its holdings in shares of Littelfuse by 399.7% in the 2nd quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock valued at $1,204,000 after buying an additional 3,769 shares during the period. Chesapeake Capital Corp IL acquired a new stake in Littelfuse during the 3rd quarter valued at $570,000. Thrivent Financial for Lutherans raised its holdings in shares of Littelfuse by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock worth $73,781,000 after acquiring an additional 3,831 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Littelfuse by 13.2% in the 2nd quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock valued at $128,179,000 after purchasing an additional 58,529 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Littelfuse by 3.4% during the second quarter. Federated Hermes Inc. now owns 209,976 shares of the technology company’s stock worth $53,668,000 after buying an additional 6,814 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the firm’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 transaction of $353,284.72. Following the completion of the sale, the senior vice president now owns 5,522 shares in the company, valued at $1,358,522.44. This trade represents a 20.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

Littelfuse Price Performance

Littelfuse stock opened at $246.67 on Friday. The firm has a fifty day moving average of $253.63 and a 200-day moving average of $255.95. Littelfuse, Inc. has a 52-week low of $222.91 and a 52-week high of $275.58. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $6.12 billion, a P/E ratio of 31.71, a PEG ratio of 2.42 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The company had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. During the same period last year, the company posted $2.97 earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year. As a group, analysts predict that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.14%. Littelfuse’s dividend payout ratio (DPR) is currently 35.99%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Oppenheimer upgraded shares of 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. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Robert W. Baird upped their price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and lifted their price target for the company from $270.00 to $280.00 in a report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Littelfuse currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

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.