Clinton Group Inc. purchased a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 1,521 shares of the technology company’s stock, valued at approximately $301,000.

A number of other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in Littelfuse by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 554,507 shares of the technology company’s stock worth $126,527,000 after buying an additional 11,476 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Littelfuse by 9.0% during the first quarter. Principal Financial Group Inc. now owns 510,370 shares of the technology company’s stock worth $106,250,000 after buying an additional 42,080 shares in the last quarter. Congress Asset Management Co. MA boosted its position in Littelfuse by 1,649.7% in the second quarter. Congress Asset Management Co. MA now owns 395,360 shares of the technology company’s stock worth $90,213,000 after purchasing an additional 372,764 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Littelfuse by 10.1% in the first quarter. Dimensional Fund Advisors LP now owns 381,304 shares of the technology company’s stock worth $79,380,000 after purchasing an additional 35,012 shares during the last quarter. Finally, KAMES CAPITAL plc boosted its position in Littelfuse by 1.7% in the second quarter. KAMES CAPITAL plc now owns 317,901 shares of the technology company’s stock worth $72,526,000 after purchasing an additional 5,243 shares during the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

LFUS has been the topic of several research analyst reports. CL King set a $248.00 price objective on Littelfuse and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Zacks Investment Research raised Littelfuse from a “hold” rating to a “buy” rating and set a $257.00 price objective on the stock in a research report on Thursday, July 19th. BidaskClub raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Tuesday, June 19th. ValuEngine cut Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Finally, Barrington Research reissued a “hold” rating on shares of Littelfuse in a research report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $245.00.

Shares of NASDAQ LFUS opened at $176.86 on Friday. Littelfuse, Inc. has a one year low of $174.21 and a one year high of $238.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 3.59. The firm has a market cap of $4.96 billion, a PE ratio of 22.85, a PEG ratio of 1.72 and a beta of 0.93.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, August 1st. The technology company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.18. Littelfuse had a return on equity of 18.22% and a net margin of 7.36%. The firm had revenue of $459.20 million for the quarter, compared to analysts’ expectations of $458.84 million. During the same quarter in the prior year, the firm earned $2.10 EPS. The business’s revenue for the quarter was up 46.5% compared to the same quarter last year. As a group, research analysts expect that Littelfuse, Inc. will post 9.57 EPS for the current fiscal year.

In other news, Director Nathan Zommer sold 592 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $221.23, for a total transaction of $130,968.16. Following the transaction, the director now owns 461,086 shares of the company’s stock, valued at approximately $102,006,055.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ian Highley sold 12,118 shares of the stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $219.80, for a total value of $2,663,536.40. Following the sale, the senior vice president now directly owns 12,151 shares in the company, valued at approximately $2,670,789.80. The disclosure for this sale can be found here. Insiders have sold a total of 28,502 shares of company stock worth $6,314,954 in the last ninety days. Insiders own 3.80% of the company’s stock.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

Read More: How to calculate the intrinsic value of a stock

Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse, Inc. (NASDAQ:LFUS).

Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

Receive News & Ratings for Littelfuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse and related companies with MarketBeat.com's FREE daily email newsletter.