Park Avenue Securities LLC Raises Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Park Avenue Securities LLC raised its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,844 shares of the technology company’s stock after buying an additional 211 shares during the period. Park Avenue Securities LLC’s holdings in Littelfuse were worth $670,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its holdings in Littelfuse by 17.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,639 shares of the technology company’s stock worth $675,000 after buying an additional 401 shares during the period. Intech Investment Management LLC purchased a new stake in Littelfuse in the second quarter worth $840,000. Canada Pension Plan Investment Board bought a new stake in Littelfuse in the second quarter valued at $128,000. Pacer Advisors Inc. increased its position in Littelfuse by 60.9% during the 2nd quarter. Pacer Advisors Inc. now owns 6,189 shares of the technology company’s stock valued at $1,582,000 after purchasing an additional 2,342 shares during the period. Finally, Sei Investments Co. raised its holdings in Littelfuse by 96.9% in the 2nd quarter. Sei Investments Co. now owns 80,537 shares of the technology company’s stock worth $20,585,000 after purchasing an additional 39,640 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now owns 3,105 shares in the company, valued at $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Price Performance

Shares of NASDAQ LFUS opened at $235.47 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The company has a 50 day simple moving average of $240.89 and a two-hundred day simple moving average of $251.65. Littelfuse, Inc. has a fifty-two week low of $222.91 and a fifty-two week high of $275.58. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 30.27, a P/E/G ratio of 1.91 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share (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 firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.97 earnings per share. Analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a research report on Thursday, October 17th. Finally, StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $285.00.

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.