Geode Capital Management LLC Purchases 1,525 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Geode Capital Management LLC increased its position in Littelfuse, Inc. (NASDAQ:LFUS) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 431,956 shares of the technology company’s stock after purchasing an additional 1,525 shares during the period. Geode Capital Management LLC owned approximately 1.74% of Littelfuse worth $114,607,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Huntington National Bank grew its holdings in shares of Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after buying an additional 64 shares during the last quarter. Truvestments Capital LLC acquired a new position in Littelfuse during the 3rd quarter valued at about $27,000. CWM LLC boosted its position in shares of 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 during the last quarter. UMB Bank n.a. lifted its stake in Littelfuse by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after acquiring an additional 59 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Littelfuse during the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analysts Set New Price Targets

LFUS has been the subject of several analyst reports. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a report on Thursday, October 17th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. 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 research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $285.00.

Littelfuse Stock Down 2.3 %

Littelfuse stock opened at $243.74 on Wednesday. The firm has a 50 day moving average price of $250.95 and a 200-day moving average price of $255.22. 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 twelve month low of $222.91 and a twelve month high of $275.58. The company has a market capitalization of $6.05 billion, a P/E ratio of 31.47, a P/E/G ratio of 2.48 and a beta of 1.26.

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

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is presently 35.99%.

Insiders Place Their Bets

In other news, CAO Jeffrey G. Gorski sold 700 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

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.