MML Investors Services LLC Sells 43 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

MML Investors Services LLC lowered its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,862 shares of the technology company’s stock after selling 43 shares during the quarter. MML Investors Services LLC’s holdings in Littelfuse were worth $494,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC grew its stake in shares of Littelfuse by 0.6% during the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock valued at $1,730,000 after purchasing an additional 40 shares during the last quarter. Assetmark Inc. boosted its position in Littelfuse by 6.5% in the 3rd quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock valued at $191,000 after buying an additional 44 shares during the last quarter. US Bancorp DE increased its stake in shares of Littelfuse by 1.4% in the 3rd quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock valued at $911,000 after buying an additional 49 shares during the period. Rathbones Group PLC raised its position in shares of Littelfuse by 0.3% during the second quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock worth $4,249,000 after acquiring an additional 52 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its stake in shares of Littelfuse by 1.4% during the third quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock valued at $1,045,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analysts Set New Price Targets

LFUS has been the subject of a number of research reports. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Oppenheimer raised 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 note on Thursday, October 17th. Finally, Robert W. Baird upped their target price 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. Three investment 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. Based on data from MarketBeat, Littelfuse presently has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Stock Up 0.2 %

Shares of NASDAQ:LFUS opened at $234.44 on Monday. The company has a 50 day moving average price of $249.38 and a two-hundred day moving average price of $254.76. The company has a market capitalization of $5.82 billion, a PE ratio of 30.13, a PEG ratio of 2.48 and a beta of 1.27. Littelfuse, Inc. has a 52 week low of $222.91 and a 52 week high of $275.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $557.38 million. During the same quarter in the prior year, the company earned $2.97 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. Analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.19%. Littelfuse’s dividend payout ratio is presently 35.99%.

Insider Buying and Selling

In other news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the sale, the chief accounting officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

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.