Mutual of America Capital Management LLC Sells 646 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Mutual of America Capital Management LLC trimmed its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,192 shares of the technology company’s stock after selling 646 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Littelfuse worth $3,627,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Van Lanschot Kempen Investment Management N.V. bought a new stake in shares of Littelfuse during the 2nd quarter valued at $100,662,000. Westwood Holdings Group Inc. increased its holdings in Littelfuse by 223.8% in the first 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 during the last quarter. Lord Abbett & CO. LLC lifted its stake in Littelfuse by 88.8% in the first quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock valued at $40,278,000 after buying an additional 78,153 shares during the period. TD Asset Management Inc boosted its holdings in Littelfuse by 160.2% during the fourth quarter. TD Asset Management Inc now owns 113,447 shares of the technology company’s stock worth $30,354,000 after buying an additional 69,842 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position 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 worth $128,179,000 after buying an additional 58,529 shares during the period. 96.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LFUS. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Robert W. Baird lifted 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. TD Cowen boosted their price target on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and raised their price objective for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $278.75.

Insider Transactions at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total value of $81,951.00. Following the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,295,683.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Littelfuse news, CEO David W. Heinzmann sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total value of $81,951.00. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,295,683.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Matthew Cole sold 1,436 shares of the company’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 value of $353,284.72. Following the sale, the senior vice president now owns 5,522 shares in the company, valued at approximately $1,358,522.44. The disclosure for this sale can be found here. Insiders have sold a total of 16,328 shares of company stock valued at $4,437,986 over the last 90 days. 2.30% of the stock is owned by corporate insiders.

Littelfuse Stock Down 1.5 %

Shares of LFUS stock opened at $260.50 on Monday. Littelfuse, Inc. has a 12-month low of $212.80 and a 12-month high of $275.58. 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 firm has a fifty day moving average of $257.84 and a 200-day moving average of $250.37. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 2.51 and a beta of 1.28.

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

Littelfuse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were issued a $0.70 dividend. The ex-dividend date was Thursday, August 22nd. This is an increase from Littelfuse’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.07%. Littelfuse’s dividend payout ratio (DPR) is 32.07%.

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.