Tidal Investments LLC Increases Position in Littelfuse, Inc. (NASDAQ:LFUS)

Tidal Investments LLC increased its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 67.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,417 shares of the technology company’s stock after purchasing an additional 2,188 shares during the quarter. Tidal Investments LLC’s holdings in Littelfuse were worth $1,437,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Littelfuse in the third quarter valued at approximately $84,000. Sanctuary Advisors LLC lifted its holdings in shares of Littelfuse by 6.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,094 shares of the technology company’s stock valued at $998,000 after purchasing an additional 257 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Littelfuse by 3.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,406 shares of the technology company’s stock worth $2,760,000 after purchasing an additional 346 shares in the last quarter. Geode Capital Management LLC grew its stake in Littelfuse by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock worth $114,607,000 after buying an additional 1,525 shares during the last quarter. Finally, Barclays PLC increased its position in Littelfuse by 52.7% during the 3rd quarter. Barclays PLC now owns 11,448 shares of the technology company’s stock valued at $3,037,000 after buying an additional 3,949 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Insider Activity at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the firm’s stock in a transaction 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 approximately $773,207.10. This trade represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is owned by company insiders.

Littelfuse Stock Performance

LFUS opened at $235.60 on Thursday. 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 12-month low of $222.91 and a 12-month high of $275.58. The firm has a 50 day moving average of $250.22 and a two-hundred day moving average of $254.99. The firm has a market capitalization of $5.85 billion, a PE ratio of 30.28, a P/E/G ratio of 2.48 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (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 during the quarter, compared to analysts’ expectations of $557.38 million. During the same quarter last year, the company posted $2.97 earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year. On average, analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is 35.99%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LFUS. Robert W. Baird boosted their price target on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a report on Thursday, October 17th. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Three investment 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 company’s stock. According to MarketBeat, Littelfuse has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

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.