Littelfuse, Inc. $LFUS Shares Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC reduced its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 15.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,272 shares of the technology company’s stock after selling 3,834 shares during the period. Littelfuse accounts for about 3.4% of Summit Creek Advisors LLC’s portfolio, making the stock its largest holding. Summit Creek Advisors LLC owned approximately 0.08% of Littelfuse worth $8,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Littelfuse in the second quarter valued at approximately $1,148,821,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Littelfuse during the second quarter worth approximately $185,057,000. William Blair Investment Management LLC acquired a new position in Littelfuse during the second quarter worth $146,471,000. Boston Trust Walden Corp boosted its stake in Littelfuse by 6.2% during the third quarter. Boston Trust Walden Corp now owns 316,840 shares of the technology company’s stock worth $134,258,000 after buying an additional 18,513 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Littelfuse by 6.6% during the first quarter. Principal Financial Group Inc. now owns 257,187 shares of the technology company’s stock worth $87,282,000 after buying an additional 15,971 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Littelfuse

In other news, SVP David Ruppel sold 1,493 shares of the stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $404.57, for a total transaction of $604,023.01. Following the completion of the transaction, the senior vice president directly owned 4,720 shares in the company, valued at approximately $1,909,570.40. This represents a 24.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Littelfuse Stock Up 2.1%

LFUS stock opened at $355.72 on Friday. The firm has a market cap of $9.04 billion, a PE ratio of 291.58, a PEG ratio of 1.61 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.01 and a current ratio of 2.67. The firm’s 50 day moving average price is $406.34 and its 200-day moving average price is $401.17. Littelfuse, Inc. has a one year low of $233.36 and a one year high of $500.57.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, October 28th. The technology company reported $5.79 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.82. The firm had revenue of $795.20 million for the quarter, compared to analysts’ expectations of $792.49 million. Littelfuse had a return on equity of 15.86% and a net margin of 1.37%. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.77 earnings per share. On average, equities research analysts anticipate that Littelfuse, Inc. will post 18.37 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 19th. Littelfuse’s dividend payout ratio is 262.30%.

Wall Street Analyst Weigh In

LFUS has been the subject of a number of recent research reports. Zacks Research raised Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Needham & Company LLC reissued a “buy” rating and set a $520.00 price target on shares of Littelfuse in a research report on Wednesday, October 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Littelfuse in a research report on Wednesday, October 28th. Finally, Oppenheimer reissued an “outperform” rating on shares of Littelfuse in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $465.83.

Littelfuse Profile

Littelfuse, Inc is a global manufacturer of products that help protect and control electrical systems. Its offerings include fuses and other circuit-protection components, power-control devices, sensors, and electronic components used in a range of applications.

The company serves customers in markets including automotive, industrial, commercial vehicles, and electronics. Its products are used to protect equipment from electrical faults, manage power, and monitor conditions in systems and devices.

Founded in 1927, Littelfuse has grown from a maker of circuit-protection products into a broader supplier of electrical and electronic technologies.