Thrivent Financial for Lutherans Has $70.12 Million Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Thrivent Financial for Lutherans reduced its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 274,327 shares of the technology company’s stock after selling 2,693 shares during the quarter. Thrivent Financial for Lutherans owned 1.11% of Littelfuse worth $70,115,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Van Lanschot Kempen Investment Management N.V. bought a new stake in Littelfuse during the 2nd quarter worth approximately $100,662,000. Westwood Holdings Group Inc. boosted its holdings in shares of 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 buying an additional 216,985 shares during the period. Lord Abbett & CO. LLC increased its position in shares of Littelfuse by 88.8% during the first quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock worth $40,278,000 after acquiring an additional 78,153 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of 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 acquiring an additional 69,842 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Littelfuse by 13.2% during the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock worth $128,179,000 after acquiring an additional 58,529 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

LFUS has been the subject of a number of research analyst reports. Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and upped their target price for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. TD Cowen upped their price objective on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Finally, Robert W. Baird boosted their target price on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Littelfuse presently has an average rating of “Moderate Buy” and an average target price of $278.75.

Littelfuse Trading Down 1.5 %

Littelfuse stock opened at $260.50 on Friday. The company has a market cap 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. The firm has a 50-day moving average of $257.84 and a 200-day moving average of $250.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 2.42. Littelfuse, Inc. has a one year low of $212.80 and a one year high of $275.58.

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

Littelfuse Increases Dividend

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

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.