Littelfuse, Inc. $LFUS Stock Purchased by Vise Technologies Inc.

Vise Technologies Inc. grew its position in Littelfuse, Inc. (NASDAQ:LFUS) by 89.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,970 shares of the technology company’s stock after purchasing an additional 1,869 shares during the quarter. Vise Technologies Inc.’s holdings in Littelfuse were worth $1,682,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LFUS. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Littelfuse by 66.7% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,600 shares of the technology company’s stock valued at $1,949,000 after acquiring an additional 1,840 shares during the period. Parcion Private Wealth LLC raised its stake in Littelfuse by 10.1% in the 3rd quarter. Parcion Private Wealth LLC now owns 513 shares of the technology company’s stock worth $217,000 after purchasing an additional 47 shares in the last quarter. North Dakota State Investment Board boosted its holdings in Littelfuse by 4.2% in the 3rd quarter. North Dakota State Investment Board now owns 761 shares of the technology company’s stock valued at $322,000 after purchasing an additional 31 shares during the period. Convergence Financial LLC bought a new stake in Littelfuse in the 3rd quarter valued at about $653,000. Finally, Park Avenue Securities LLC grew its position in shares of Littelfuse by 11.4% during the 3rd quarter. Park Avenue Securities LLC now owns 1,353 shares of the technology company’s stock worth $573,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, SVP David Ruppel sold 1,493 shares of Littelfuse stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $404.57, for a total value of $604,023.01. Following the transaction, the senior vice president directly owned 4,720 shares of the company’s stock, valued at $1,909,570.40. The trade was a 24.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Littelfuse Price Performance

Shares of LFUS traded up $7.33 during midday trading on Friday, hitting $355.72. The company’s stock had a trading volume of 259,841 shares, compared to its average volume of 275,214. The company has a quick ratio of 2.01, a current ratio of 2.67 and a debt-to-equity ratio of 0.19. Littelfuse, Inc. has a one year low of $233.36 and a one year high of $500.57. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 291.58, a price-to-earnings-growth ratio of 1.79 and a beta of 1.50. The company’s fifty day simple moving average is $406.34 and its two-hundred day simple moving average is $401.17.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, October 28th. The technology company reported $5.79 earnings per share for the quarter, topping 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 net margin of 1.37% and a return on equity of 15.86%. The company’s revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.77 earnings per share. As a group, equities analysts expect that Littelfuse, Inc. will post 18.37 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

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

Littelfuse Profile

Littelfuse, Inc is a diversified industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes fuses and other circuit-protection devices, power semiconductor products, relays, switches, sensors and related electronic components.

The company serves customers in the automotive, commercial vehicle, industrial, electronics, energy and communications markets. Its products are used in applications such as vehicle electrification, battery systems, industrial equipment, power distribution, renewable energy systems, data infrastructure and consumer electronics.