Van ECK Associates Corp Buys 63 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Van ECK Associates Corp raised its stake in shares of Littelfuse, Inc. (NASDAQ:LFUSGet Rating) by 9.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 701 shares of the technology company’s stock after purchasing an additional 63 shares during the period. Van ECK Associates Corp’s holdings in Littelfuse were worth $139,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of LFUS. Cambridge Investment Research Advisors Inc. grew its holdings in Littelfuse by 8.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 866 shares of the technology company’s stock valued at $216,000 after purchasing an additional 68 shares during the period. Citigroup Inc. grew its holdings in Littelfuse by 2.5% during the first quarter. Citigroup Inc. now owns 3,595 shares of the technology company’s stock valued at $897,000 after purchasing an additional 89 shares during the period. Bank of Montreal Can grew its holdings in Littelfuse by 6.0% during the first quarter. Bank of Montreal Can now owns 3,711 shares of the technology company’s stock valued at $975,000 after purchasing an additional 211 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Littelfuse by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,027 shares of the technology company’s stock valued at $2,251,000 after purchasing an additional 860 shares during the period. Finally, BlackRock Inc. grew its holdings in Littelfuse by 1.8% during the first quarter. BlackRock Inc. now owns 2,040,384 shares of the technology company’s stock valued at $508,893,000 after purchasing an additional 37,011 shares during the period. Institutional investors own 94.69% of the company’s stock.

Littelfuse Price Performance

NASDAQ:LFUS opened at $238.26 on Friday. The company has a current ratio of 3.19, a quick ratio of 1.99 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $5.90 billion, a P/E ratio of 17.94, a P/E/G ratio of 1.43 and a beta of 1.25. Littelfuse, Inc. has a 12 month low of $192.19 and a 12 month high of $294.59. The business’s 50-day moving average is $234.50 and its 200 day moving average is $231.63.

Littelfuse (NASDAQ:LFUSGet Rating) last posted its earnings results on Tuesday, November 1st. The technology company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $3.81 by $0.47. The company had revenue of $658.88 million for the quarter, compared to the consensus estimate of $638.13 million. Littelfuse had a return on equity of 20.76% and a net margin of 13.53%. On average, equities research analysts forecast that Littelfuse, Inc. will post 16.77 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 8th. Shareholders of record on Thursday, November 24th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, November 22nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.01%. Littelfuse’s dividend payout ratio (DPR) is presently 18.07%.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 300 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $236.14, for a total transaction of $70,842.00. Following the sale, the chief accounting officer now directly owns 2,563 shares in the company, valued at $605,226.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Matthew Cole sold 900 shares of the stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $219.28, for a total value of $197,352.00. Following the sale, the senior vice president now directly owns 5,174 shares in the company, valued at $1,134,554.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Jeffrey G. Gorski sold 300 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $236.14, for a total value of $70,842.00. Following the completion of the sale, the chief accounting officer now owns 2,563 shares in the company, valued at $605,226.82. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

LFUS has been the subject of a number of recent analyst reports. Cowen lowered Littelfuse from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $295.00 to $225.00 in a research note on Thursday, November 3rd. Jefferies Financial Group upped their price objective on Littelfuse from $254.00 to $295.00 in a research note on Tuesday, November 22nd. Cowen lowered Littelfuse from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $295.00 to $225.00 in a research note on Thursday, November 3rd. StockNews.com initiated coverage on Littelfuse in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Stifel Nicolaus dropped their price objective on Littelfuse from $270.00 to $216.00 and set a “hold” rating for the company in a research note on Monday, October 10th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $241.20.

Littelfuse Company Profile

(Get Rating)

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.

Further Reading

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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