Intech Investment Management LLC Has $558,000 Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Intech Investment Management LLC decreased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 36.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Huntington National Bank boosted its holdings in Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after acquiring an additional 64 shares in the last quarter. CWM LLC raised its stake in shares of Littelfuse by 410.7% in the second quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after buying an additional 115 shares during the period. UMB Bank n.a. boosted its position in Littelfuse by 70.2% during the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after purchasing an additional 59 shares during the period. GAMMA Investing LLC raised its holdings in Littelfuse by 275.0% during the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock valued at $42,000 after acquiring an additional 121 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Littelfuse in the 3rd quarter worth about $53,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the sale, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on LFUS. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a report on Thursday, October 17th. 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 note on Thursday, August 29th. Finally, Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and boosted their target price for the company from $270.00 to $280.00 in a research report on Tuesday, August 13th. Three equities research 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 stock. According to MarketBeat.com, Littelfuse has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Stock Performance

NASDAQ LFUS opened at $246.67 on Monday. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. Littelfuse, Inc. has a twelve month low of $222.91 and a twelve month high of $275.58. The business has a 50-day moving average price of $253.63 and a 200-day moving average price of $256.00. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 2.43 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share 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 firm had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. During the same period last year, the firm posted $2.97 earnings per share. Littelfuse’s revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.14%. Littelfuse’s dividend payout ratio (DPR) is presently 35.99%.

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.