Littelfuse, Inc. (NASDAQ:LFUS) Shares Purchased by Prospector Partners LLC

Prospector Partners LLC boosted its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 14.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 82,311 shares of the technology company’s stock after purchasing an additional 10,381 shares during the period. Littelfuse comprises approximately 2.3% of Prospector Partners LLC’s portfolio, making the stock its 12th largest position. Prospector Partners LLC’s holdings in Littelfuse were worth $21,833,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van Lanschot Kempen Investment Management N.V. acquired a new stake in shares of Littelfuse during the second quarter worth about $100,662,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Littelfuse during the 2nd quarter worth approximately $46,037,000. Victory Capital Management Inc. boosted its position in Littelfuse by 13.2% in the 2nd quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock valued at $128,179,000 after buying an additional 58,529 shares during the period. Jennison Associates LLC grew its stake in shares of Littelfuse by 38.4% in the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock worth $48,048,000 after acquiring an additional 50,304 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Littelfuse by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock worth $107,244,000 after acquiring an additional 49,588 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

LFUS has been the subject of a number of recent research reports. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a report on Thursday, October 17th. Robert W. Baird boosted their price objective on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. StockNews.com upgraded shares of 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. Finally, TD Cowen increased their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $285.00.

Insiders Place Their Bets

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the transaction, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at approximately $1,358,522.44. This trade represents a 20.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Littelfuse Stock Up 3.1 %

LFUS stock opened at $251.39 on Tuesday. The stock has a market cap of $6.24 billion, a P/E ratio of 32.31, a PEG ratio of 2.40 and a beta of 1.28. 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, Inc. has a twelve month low of $222.91 and a twelve month high of $275.58. The company’s 50 day moving average is $254.56 and its two-hundred day moving average is $256.24.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $557.38 million. During the same period last year, the business earned $2.97 EPS. Littelfuse’s revenue for the quarter was down 6.5% compared to the same quarter last year. Research analysts expect that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal 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 paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.11%. Littelfuse’s dividend payout ratio is presently 35.99%.

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.