Charles Schwab Investment Management Inc. Has $80.62 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

Charles Schwab Investment Management Inc. raised its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 2.8% in the third quarter, Holdings Channel.com reports. The fund owned 303,947 shares of the technology company’s stock after acquiring an additional 8,195 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Littelfuse were worth $80,622,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Huntington National Bank lifted its stake in shares of Littelfuse by 200.0% in the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after purchasing an additional 64 shares during the last quarter. CWM LLC raised its holdings in Littelfuse by 410.7% during 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. UMB Bank n.a. lifted its position 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 worth $38,000 after buying an additional 59 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Littelfuse by 275.0% during the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock worth $42,000 after acquiring an additional 121 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Littelfuse during the 3rd quarter valued at about $53,000. 96.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LFUS shares. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. 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 report on Thursday, August 29th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research note on Thursday, October 17th. TD Cowen boosted their target price 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. Finally, Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and raised their price target for the company from $270.00 to $280.00 in a research report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and an average price target of $285.00.

Insider Activity at Littelfuse

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The trade was a 20.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by corporate insiders.

Littelfuse Price Performance

Shares of Littelfuse stock opened at $245.84 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The company has a market cap of $6.10 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 2.47 and a beta of 1.28. The firm has a fifty day moving average price of $254.28 and a two-hundred day moving average price of $256.10. Littelfuse, Inc. has a fifty-two week low of $222.91 and a fifty-two week high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share 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 analysts’ expectations of $557.38 million. During the same quarter last year, the company earned $2.97 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. Analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, November 21st. Littelfuse’s dividend payout ratio is presently 35.99%.

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.