Advantage Alpha Capital Partners LP Cuts Position in Littelfuse, Inc. (NASDAQ:LFUS)

Advantage Alpha Capital Partners LP decreased its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 56.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,107 shares of the technology company’s stock after selling 14,449 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Littelfuse were worth $2,946,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Victory Capital Management Inc. raised its stake in shares of Littelfuse by 2.0% during the 3rd quarter. Victory Capital Management Inc. now owns 511,623 shares of the technology company’s stock worth $135,708,000 after buying an additional 10,119 shares during the period. Earnest Partners LLC raised its position in Littelfuse by 2.4% during the second quarter. Earnest Partners LLC now owns 444,654 shares of the technology company’s stock worth $113,649,000 after acquiring an additional 10,406 shares during the period. Dimensional Fund Advisors LP raised its position in Littelfuse by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock worth $107,244,000 after acquiring an additional 49,588 shares during the period. Van Lanschot Kempen Investment Management N.V. acquired a new stake in shares of Littelfuse in the second quarter valued at about $100,662,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Littelfuse by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 303,947 shares of the technology company’s stock valued at $80,622,000 after purchasing an additional 8,195 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Up 3.1 %

Shares of NASDAQ:LFUS opened at $251.39 on Tuesday. Littelfuse, Inc. has a 52-week low of $222.91 and a 52-week high of $275.58. 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 has a fifty day moving average of $254.56 and a two-hundred day moving average of $256.24. The stock has a market cap of $6.24 billion, a P/E ratio of 32.31, a PEG ratio of 2.40 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $567.39 million during the quarter, compared to analysts’ expectations of $557.38 million. During the same period last year, the business earned $2.97 earnings per share. Littelfuse’s revenue was down 6.5% compared to the same quarter last year. On average, research analysts expect that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse’s dividend payout ratio is presently 35.99%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LFUS shares. StockNews.com raised 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 report on Wednesday, October 30th. TD Cowen boosted their price target on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird raised their price objective on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, Stifel Nicolaus raised shares of 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 report on Tuesday, August 13th. 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Insider Buying and Selling

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the sale, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. This trade represents a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by company insiders.

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.