Intech Investment Management LLC Decreases Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Intech Investment Management LLC reduced its position in Littelfuse, Inc. (NASDAQ:LFUS) by 36.0% in the 3rd quarter, Holdings Channel reports. The firm owned 2,103 shares of the technology company’s stock after selling 1,182 shares during the quarter. Intech Investment Management LLC’s holdings in Littelfuse were worth $558,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Van Lanschot Kempen Investment Management N.V. purchased a new stake in shares of Littelfuse in the 2nd quarter valued at approximately $100,662,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Littelfuse in the second quarter valued at approximately $46,037,000. Victory Capital Management Inc. raised its holdings in shares of Littelfuse by 13.2% in the second 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. Jennison Associates LLC raised its stake in shares of Littelfuse by 38.4% during the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock worth $48,048,000 after purchasing an additional 50,304 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Littelfuse by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock worth $107,244,000 after acquiring an additional 49,588 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insider Activity

In other news, SVP Matthew Cole sold 1,436 shares of the stock in a transaction 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 approximately $1,358,522.44. This represents a 20.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and raised their target price for the stock from $270.00 to $280.00 in a research report on Tuesday, August 13th. Oppenheimer raised 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 reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Finally, StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $285.00.

Littelfuse Price Performance

Shares of LFUS opened at $246.67 on Monday. Littelfuse, Inc. has a 12 month low of $222.91 and a 12 month high of $275.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The company has a market cap of $6.12 billion, a P/E ratio of 31.71, a PEG ratio of 2.43 and a beta of 1.28. The stock has a fifty day moving average price of $253.63 and a 200 day moving average price of $256.00.

Littelfuse (NASDAQ:LFUS) last released its quarterly 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. The company had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. Littelfuse’s revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.97 EPS. On average, research analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Thursday, November 21st. Littelfuse’s payout ratio is 35.99%.

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.