Atria Investments Inc Sells 672 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Atria Investments Inc cut its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 46.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 776 shares of the technology company’s stock after selling 672 shares during the quarter. Atria Investments Inc’s holdings in Littelfuse were worth $206,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LFUS. Van Lanschot Kempen Investment Management N.V. bought a new stake in Littelfuse in the second quarter worth $100,662,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Littelfuse in the second quarter worth $46,037,000. Victory Capital Management Inc. increased its stake in Littelfuse by 13.2% in the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock worth $128,179,000 after purchasing an additional 58,529 shares during the period. Dimensional Fund Advisors LP increased its stake in Littelfuse by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock worth $107,244,000 after purchasing an additional 49,588 shares during the period. Finally, American Century Companies Inc. increased its stake in Littelfuse by 43.5% in the second quarter. American Century Companies Inc. now owns 161,319 shares of the technology company’s stock worth $41,232,000 after purchasing an additional 48,890 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LFUS. TD Cowen increased their target price on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a report on Thursday, October 17th. Finally, Robert W. Baird lifted their target price on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $285.00.

Littelfuse Trading Up 2.2 %

Shares of NASDAQ:LFUS opened at $243.82 on Monday. Littelfuse, Inc. has a 12-month low of $222.91 and a 12-month high of $275.58. The company has a market capitalization of $6.05 billion, a PE ratio of 31.34, a PEG ratio of 2.35 and a beta of 1.28. The business has a 50 day moving average of $254.58 and a two-hundred day moving average of $256.27. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31.

Littelfuse (NASDAQ:LFUS) last posted 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. The business had revenue of $567.39 million during the quarter, compared to analysts’ expectations of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.97 earnings per share. As a group, analysts forecast that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Thursday, November 21st. Littelfuse’s payout ratio is 35.99%.

Insider Buying and Selling

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the business’s 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 transaction, the senior vice president now owns 5,522 shares of the company’s stock, valued at approximately $1,358,522.44. The trade was a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.