Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its position in Littelfuse, Inc. (NASDAQ:LFUS) by 46.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 776 shares of the technology company’s stock after selling 672 shares during the quarter. Atria Investments Inc’s holdings in Littelfuse were worth $206,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LFUS. CWM LLC raised its position in shares of Littelfuse by 410.7% during the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after acquiring an additional 115 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Littelfuse by 70.2% in the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 59 shares during the period. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 121 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Littelfuse in the first quarter valued at approximately $50,000. Finally, Fifth Third Bancorp boosted its stake in shares of Littelfuse by 21.4% in the second quarter. Fifth Third Bancorp now owns 323 shares of the technology company’s stock valued at $83,000 after buying an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Insider Activity at Littelfuse

In other news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following 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 20.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Littelfuse Trading Up 2.2 %

NASDAQ:LFUS opened at $243.82 on Monday. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $254.58 and its two-hundred day moving average is $256.27. Littelfuse, Inc. has a 52 week low of $222.91 and a 52 week high of $275.58. The company has a market cap of $6.05 billion, a PE ratio of 31.34, a P/E/G ratio of 2.35 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.62. The business had revenue of $567.39 million for the quarter, compared to analysts’ expectations of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.97 EPS. On average, analysts predict that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently announced 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. This represents a $2.80 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse’s dividend payout ratio is currently 35.99%.

Littelfuse Company 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.