Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by MQS Management LLC

MQS Management LLC trimmed its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 15.2% in the first quarter, Holdings Channel.com reports. The fund owned 1,719 shares of the technology company’s stock after selling 309 shares during the period. MQS Management LLC’s holdings in Littelfuse were worth $417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James Trust N.A. increased its stake in shares of Littelfuse by 4.1% during the 4th quarter. Raymond James Trust N.A. now owns 1,156 shares of the technology company’s stock worth $309,000 after purchasing an additional 45 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Littelfuse by 8.1% during the 4th quarter. Pacer Advisors Inc. now owns 3,739 shares of the technology company’s stock worth $1,000,000 after purchasing an additional 281 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Littelfuse by 7.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 7,861 shares of the technology company’s stock worth $2,103,000 after purchasing an additional 529 shares in the last quarter. Trust Point Inc. purchased a new position in shares of Littelfuse during the 4th quarter worth approximately $274,000. Finally, Boston Trust Walden Corp increased its stake in shares of Littelfuse by 8.8% during the 4th quarter. Boston Trust Walden Corp now owns 216,426 shares of the technology company’s stock worth $57,907,000 after purchasing an additional 17,454 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,295,683.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Deepak Nayar sold 1,305 shares of Littelfuse stock in a transaction on Monday, May 6th. The shares were sold at an average price of $250.25, for a total transaction of $326,576.25. Following the transaction, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,158,657.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David W. Heinzmann sold 300 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total transaction of $81,951.00. Following the completion of the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,295,683.18. The disclosure for this sale can be found here. Insiders sold 9,938 shares of company stock valued at $2,545,503 in the last ninety days. Company insiders own 2.30% of the company’s stock.

Littelfuse Trading Down 0.2 %

Shares of NASDAQ LFUS traded down $0.52 during trading on Thursday, hitting $255.99. 107,732 shares of the company traded hands, compared to its average volume of 139,141. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $309.21. The company has a 50-day moving average price of $258.16 and a 200-day moving average price of $245.91. The firm has a market capitalization of $6.34 billion, a P/E ratio of 29.32, a P/E/G ratio of 2.60 and a beta of 1.29. The company has a quick ratio of 2.44, a current ratio of 3.57 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The company had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. During the same period in the previous year, the company earned $3.64 EPS. The business’s quarterly revenue was down 12.2% compared to the same quarter last year. On average, equities analysts predict that Littelfuse, Inc. will post 8.47 EPS for the current year.

Wall Street Analysts Forecast Growth

LFUS has been the subject of a number of recent research reports. Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 17th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Thursday, May 2nd. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Jefferies Financial Group started coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They issued a “hold” rating and a $260.00 target price for the company. Finally, Stifel Nicolaus lifted their target price on shares of Littelfuse from $240.00 to $250.00 and gave the stock a “hold” rating in a research note on Monday, July 15th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $270.00.

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.