AQR Capital Management LLC Has $5.01 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

AQR Capital Management LLC increased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 86.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,617 shares of the technology company’s stock after acquiring an additional 9,104 shares during the period. AQR Capital Management LLC owned about 0.08% of Littelfuse worth $5,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Littelfuse in the 1st quarter valued at $30,000. CWM LLC boosted its stake in Littelfuse by 410.7% in the second quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after buying an additional 115 shares in the last quarter. GAMMA Investing LLC grew its position in Littelfuse by 275.0% in the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock valued at $42,000 after acquiring an additional 121 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Littelfuse during the first quarter worth about $50,000. Finally, Covestor Ltd lifted its holdings in shares of Littelfuse by 28.5% in the first quarter. Covestor Ltd now owns 239 shares of the technology company’s stock worth $58,000 after acquiring an additional 53 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO David W. Heinzmann sold 8,715 shares of Littelfuse stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the completion of the transaction, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,369,057.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO David W. Heinzmann sold 8,715 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the completion of the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,369,057.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the transaction, the senior vice president now directly owns 5,522 shares in the company, valued at approximately $1,358,522.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,328 shares of company stock valued at $4,437,986. 2.30% of the stock is currently owned by insiders.

Littelfuse Price Performance

Shares of NASDAQ:LFUS opened at $258.39 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.42 and a current ratio of 3.50. Littelfuse, Inc. has a 52 week low of $212.80 and a 52 week high of $275.58. The firm has a market cap of $6.40 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 2.65 and a beta of 1.27. The firm’s fifty day moving average is $257.18 and its 200-day moving average is $251.93.

Littelfuse (NASDAQ:LFUS) last released 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. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The firm had revenue of $558.49 million for the quarter, compared to analyst estimates of $540.35 million. During the same quarter in the previous year, the company posted $3.12 EPS. The business’s revenue was down 8.7% on a year-over-year basis. Sell-side analysts predict that Littelfuse, Inc. will post 8.18 earnings per share for the current year.

Littelfuse Increases Dividend

The company 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. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.08%. This is an increase from Littelfuse’s previous quarterly dividend of $0.65. Littelfuse’s payout ratio is 32.07%.

Analysts Set New Price Targets

LFUS has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and increased their price target for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. Finally, TD Cowen increased their target price on Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $278.75.

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.