Handelsinvest Investeringsforvaltning Makes New Investment in Littelfuse, Inc. (NASDAQ:LFUS)

Handelsinvest Investeringsforvaltning bought a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUSFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,604 shares of the technology company’s stock, valued at approximately $429,000.

A number of other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in Littelfuse by 0.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 251,497 shares of the technology company’s stock worth $73,264,000 after buying an additional 896 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Littelfuse by 11.8% in the 3rd quarter. Hsbc Holdings PLC now owns 1,016 shares of the technology company’s stock worth $251,000 after purchasing an additional 107 shares in the last quarter. Alps Advisors Inc. lifted its stake in Littelfuse by 116.2% in the 3rd quarter. Alps Advisors Inc. now owns 25,820 shares of the technology company’s stock worth $6,386,000 after purchasing an additional 13,880 shares in the last quarter. Inspire Investing LLC lifted its stake in Littelfuse by 11.1% in the 3rd quarter. Inspire Investing LLC now owns 3,814 shares of the technology company’s stock worth $943,000 after purchasing an additional 382 shares in the last quarter. Finally, First National Bank of Omaha lifted its stake in Littelfuse by 61.8% in the 3rd quarter. First National Bank of Omaha now owns 37,673 shares of the technology company’s stock worth $9,317,000 after purchasing an additional 14,394 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Littelfuse news, SVP Maggie Chu sold 1,522 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $240.74, for a total transaction of $366,406.28. Following the sale, the senior vice president now owns 3,086 shares in the company, valued at approximately $742,923.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $243.62, for a total transaction of $470,673.84. Following the completion of the sale, the executive vice president now directly owns 24,155 shares of the company’s stock, valued at approximately $5,884,641.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maggie Chu sold 1,522 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $240.74, for a total value of $366,406.28. Following the completion of the sale, the senior vice president now directly owns 3,086 shares of the company’s stock, valued at $742,923.64. The disclosure for this sale can be found here. Insiders have sold a total of 4,370 shares of company stock worth $1,064,413 in the last quarter. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, January 27th.

View Our Latest Report on LFUS

Littelfuse Price Performance

LFUS opened at $232.64 on Thursday. The stock’s 50-day moving average price is $239.40 and its 200 day moving average price is $242.23. Littelfuse, Inc. has a 12-month low of $212.80 and a 12-month high of $309.94. The company has a current ratio of 3.75, a quick ratio of 2.49 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 1.74 and a beta of 1.34.

Littelfuse (NASDAQ:LFUSGet Free Report) last posted its earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.02. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The firm had revenue of $533.80 million for the quarter, compared to analyst estimates of $535.76 million. During the same quarter in the prior year, the company earned $3.34 EPS. Littelfuse’s revenue was down 12.9% on a year-over-year basis. As a group, sell-side analysts expect that Littelfuse, Inc. will post 11.02 earnings per share for the current year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.60 annualized dividend and a yield of 1.12%. Littelfuse’s dividend payout ratio (DPR) is 25.15%.

About Littelfuse

(Free Report)

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the United States, 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.

Read More

Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse, Inc. (NASDAQ:LFUSFree Report).

Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

Receive News & Ratings for Littelfuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse and related companies with MarketBeat.com's FREE daily email newsletter.