Inspire Investing LLC Sells 915 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Inspire Investing LLC lessened its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 18.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,915 shares of the technology company’s stock after selling 915 shares during the period. Inspire Investing LLC’s holdings in Littelfuse were worth $1,001,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LFUS. SG Americas Securities LLC raised its position 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 worth $1,204,000 after acquiring an additional 3,769 shares in the last quarter. Entropy Technologies LP grew its stake in Littelfuse by 407.9% during the first quarter. Entropy Technologies LP now owns 6,186 shares of the technology company’s stock worth $1,499,000 after purchasing an additional 4,968 shares during the period. Lord Abbett & CO. LLC increased its holdings in Littelfuse by 88.8% in the first quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock worth $40,278,000 after purchasing an additional 78,153 shares in the last quarter. Vanguard Group Inc. lifted its stake in Littelfuse by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock valued at $649,442,000 after buying an additional 17,119 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Littelfuse by 27.3% during the 1st quarter. Nordea Investment Management AB now owns 215,944 shares of the technology company’s stock worth $52,334,000 after buying an additional 46,361 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Stock Up 4.6 %

Littelfuse stock opened at $264.55 on Friday. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 2.51 and a beta of 1.28. The firm’s fifty day moving average price is $258.04 and its two-hundred day moving average price is $250.02. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $275.58. The company has a current ratio of 3.50, a quick ratio of 2.42 and a debt-to-equity ratio of 0.32.

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

Littelfuse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were given a dividend of $0.70 per share. This is a boost from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.06%. Littelfuse’s payout ratio is presently 32.07%.

Wall Street Analyst Weigh In

LFUS has been the subject of several research analyst reports. TD Cowen lifted their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird lifted their price target on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and raised their target price for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Littelfuse has a consensus rating of “Moderate Buy” and an average target price of $278.75.

Insider Buying and Selling

In other Littelfuse news, CEO David W. Heinzmann sold 3,786 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,340,423.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO David W. Heinzmann sold 3,786 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $273.92, for a total value of $1,037,061.12. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,340,423.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David W. Heinzmann sold 300 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,295,683.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,328 shares of company stock worth $4,437,986. 2.30% of the stock is owned by corporate insiders.

Littelfuse Company 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.