Assetmark Inc. Buys 44 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Assetmark Inc. raised its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 719 shares of the technology company’s stock after buying an additional 44 shares during the period. Assetmark Inc.’s holdings in Littelfuse were worth $191,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. SG Americas Securities LLC boosted its holdings in Littelfuse by 399.7% in the second quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock valued at $1,204,000 after acquiring an additional 3,769 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Littelfuse by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock valued at $649,442,000 after purchasing an additional 17,119 shares during the last quarter. Sei Investments Co. increased its position in shares of Littelfuse by 8.9% during the first quarter. Sei Investments Co. now owns 40,897 shares of the technology company’s stock worth $9,910,000 after buying an additional 3,343 shares during the period. Edgestream Partners L.P. bought a new position in Littelfuse during the first quarter worth $2,454,000. Finally, Quadrature Capital Ltd lifted its holdings in Littelfuse by 66.7% in the first quarter. Quadrature Capital Ltd now owns 28,113 shares of the technology company’s stock valued at $6,817,000 after buying an additional 11,247 shares during the period. Institutional investors own 96.14% of the company’s stock.

Littelfuse Trading Down 3.3 %

NASDAQ LFUS opened at $241.09 on Friday. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. Littelfuse, Inc. has a 52 week low of $222.91 and a 52 week high of $275.58. The business has a 50 day moving average price of $255.32 and a 200-day moving average price of $256.31. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 2.49 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating 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 business had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. During the same quarter last year, the firm posted $2.97 EPS. Littelfuse’s revenue was down 6.5% compared to the same quarter last year. As a group, equities analysts expect that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 annualized dividend and a yield of 1.16%. Littelfuse’s payout ratio is 35.99%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LFUS shares. TD Cowen increased their price target on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Robert W. Baird raised their target price on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and boosted their price target for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $285.00.

Insider Activity at Littelfuse

In other news, SVP Matthew Cole sold 1,436 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 5,522 shares in the company, valued at $1,358,522.44. This represents a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David W. Heinzmann sold 8,715 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,369,057.60. The trade was a 12.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,242 shares of company stock valued at $3,318,974. 2.30% of the stock is owned by corporate insiders.

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.