Private Advisor Group LLC Has $1.17 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

Private Advisor Group LLC boosted its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 377.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,571 shares of the technology company’s stock after acquiring an additional 3,613 shares during the period. Private Advisor Group LLC’s holdings in Littelfuse were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of Littelfuse by 399.7% in the second quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock worth $1,204,000 after purchasing an additional 3,769 shares during the period. Entropy Technologies LP lifted its stake in Littelfuse by 407.9% in the first quarter. Entropy Technologies LP now owns 6,186 shares of the technology company’s stock valued at $1,499,000 after buying an additional 4,968 shares during the period. Lord Abbett & CO. LLC grew its stake in shares of Littelfuse by 88.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock valued at $40,278,000 after buying an additional 78,153 shares during the period. Vanguard Group Inc. raised its holdings in Littelfuse by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock worth $649,442,000 after buying an additional 17,119 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Littelfuse by 27.3% during the first quarter. Nordea Investment Management AB now owns 215,944 shares of the technology company’s stock valued at $52,334,000 after buying an additional 46,361 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Insider Buying and Selling at Littelfuse

In other news, CEO David W. Heinzmann sold 300 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total value of $81,951.00. Following the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,295,683.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total value of $81,951.00. Following the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,295,683.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David W. Heinzmann sold 8,715 shares of Littelfuse stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,369,057.60. The disclosure for this sale can be found here. Insiders sold a total of 16,328 shares of company stock worth $4,437,986 over the last three months. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LFUS. TD Cowen lifted their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and upped their target price for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Finally, Robert W. Baird lifted their target price on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $278.75.

Littelfuse Trading Up 2.3 %

Shares of NASDAQ:LFUS opened at $250.01 on Monday. The stock has a 50 day moving average of $258.04 and a 200 day moving average of $249.69. The company has a current ratio of 3.50, a quick ratio of 2.42 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 12-month low of $212.80 and a 12-month high of $275.58. The company has a market cap of $6.20 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 2.51 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.22. The firm had revenue of $558.49 million during the quarter, compared to the consensus estimate of $540.35 million. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.12 EPS. As a group, equities research analysts expect that Littelfuse, Inc. will post 8.18 EPS for the current year.

Littelfuse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.12%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, August 22nd. Littelfuse’s payout ratio is presently 32.07%.

About Littelfuse

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.