GHP Investment Advisors Inc. Boosts Position in Littelfuse, Inc. (NASDAQ:LFUS)

GHP Investment Advisors Inc. raised its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,432 shares of the technology company’s stock after buying an additional 729 shares during the period. GHP Investment Advisors Inc. owned about 0.16% of Littelfuse worth $10,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of Littelfuse by 50.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,600 shares of the technology company’s stock valued at $872,000 after buying an additional 1,211 shares during the period. Koss Olinger Consulting LLC bought a new stake in shares of Littelfuse in the 1st quarter valued at about $5,576,000. Oak Thistle LLC purchased a new stake in shares of Littelfuse in the 1st quarter worth approximately $347,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Littelfuse by 2.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 89,284 shares of the technology company’s stock valued at $21,638,000 after purchasing an additional 2,029 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in Littelfuse by 3.4% during the first quarter. State of Michigan Retirement System now owns 6,153 shares of the technology company’s stock valued at $1,491,000 after buying an additional 200 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LFUS shares. TD Cowen increased their target price on Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird lifted 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. Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and boosted their target price for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a report on Thursday, October 17th. Finally, StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Stock Performance

NASDAQ:LFUS traded down $2.47 during trading hours on Friday, hitting $253.22. 84,259 shares of the company were exchanged, compared to its average volume of 129,233. 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 52-week low of $212.80 and a 52-week high of $275.58. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.60 and a beta of 1.27. The company’s 50 day moving average price is $259.27 and its 200-day moving average price is $254.15.

Littelfuse (NASDAQ:LFUS) last released its 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 firm’s revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.12 EPS. As a group, research analysts forecast that Littelfuse, Inc. will post 8.14 earnings per share for the current year.

Insider Activity

In other news, CEO David W. Heinzmann sold 8,715 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $274.40, for a total value of $2,391,396.00. Following the completion of the transaction, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,369,057.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO David W. Heinzmann sold 8,715 shares of Littelfuse stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at $16,369,057.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Heinzmann sold 3,786 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the completion of the transaction, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $16,340,423.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,028 shares of company stock valued at $4,356,035 in the last ninety days. Insiders own 2.30% of the company’s stock.

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.