Cambiar Investors LLC Sells 6,654 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Cambiar Investors LLC cut its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,594 shares of the technology company’s stock after selling 6,654 shares during the period. Cambiar Investors LLC owned 0.17% of Littelfuse worth $10,037,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Huntington National Bank lifted its stake in shares of Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after buying an additional 64 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Littelfuse in the 3rd quarter worth about $27,000. UMB Bank n.a. increased its holdings in shares of Littelfuse by 70.2% in the 3rd 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. Geneos Wealth Management Inc. increased its holdings in shares of Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after buying an additional 105 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Littelfuse during the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Up 0.8 %

NASDAQ:LFUS opened at $234.72 on Tuesday. The firm has a market capitalization of $5.83 billion, a P/E ratio of 52.16, a PEG ratio of 2.05 and a beta of 1.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The company’s fifty day moving average price is $238.11 and its 200-day moving average price is $248.99. Littelfuse, Inc. has a 1-year low of $222.73 and a 1-year high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter last year, the firm earned $2.02 EPS. As a group, equities research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, February 20th. Littelfuse’s payout ratio is 62.22%.

Insider Transactions at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the transaction, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

LFUS has been the topic of several analyst reports. Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a research report on Thursday, October 17th. Robert W. Baird decreased their target price on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $280.00.

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.