Summit Creek Advisors LLC Trims Position in Littelfuse, Inc. (NASDAQ:LFUS)

Summit Creek Advisors LLC lowered its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,313 shares of the technology company’s stock after selling 3,994 shares during the period. Littelfuse accounts for 2.0% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 27th biggest position. Summit Creek Advisors LLC owned about 0.23% of Littelfuse worth $14,649,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in Littelfuse by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 6,976 shares of the technology company’s stock valued at $1,783,000 after buying an additional 132 shares during the period. Victory Capital Management Inc. boosted its position in shares of Littelfuse by 13.2% in the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock worth $128,179,000 after acquiring an additional 58,529 shares during the last quarter. Natixis Advisors LLC grew its holdings in Littelfuse by 10.7% in the second quarter. Natixis Advisors LLC now owns 12,485 shares of the technology company’s stock valued at $3,191,000 after purchasing an additional 1,207 shares during the period. Van ECK Associates Corp increased its position in Littelfuse by 9.9% during the second quarter. Van ECK Associates Corp now owns 28,282 shares of the technology company’s stock worth $7,229,000 after purchasing an additional 2,544 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Littelfuse by 14.4% during the second quarter. Signaturefd LLC now owns 469 shares of the technology company’s stock worth $120,000 after purchasing an additional 59 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LFUS shares. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and boosted their price target for the company from $270.00 to $280.00 in a research report on Tuesday, August 13th. TD Cowen boosted their target price on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Robert W. Baird raised their price target on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $278.75.

Insiders Place Their Bets

In other news, CEO David W. Heinzmann sold 3,786 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,340,423.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO David W. Heinzmann sold 3,786 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,340,423.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David W. Heinzmann sold 2,091 shares of Littelfuse stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total transaction of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. The disclosure for this sale can be found here. Insiders have sold 14,892 shares of company stock worth $4,084,701 in the last quarter. 2.30% of the stock is owned by corporate insiders.

Littelfuse Price Performance

LFUS stock opened at $255.73 on Friday. The firm has a market cap of $6.34 billion, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 2.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.42 and a current ratio of 3.50. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $275.58. The stock has a 50-day simple moving average of $258.49 and a 200-day simple moving average of $249.29.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.22. The firm had revenue of $558.49 million during the quarter, compared to analysts’ expectations of $540.35 million. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. Littelfuse’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.12 EPS. On average, equities analysts predict that Littelfuse, Inc. will post 8.18 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were paid a dividend of $0.70 per share. This is an increase from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.80 annualized dividend and a yield of 1.09%. Littelfuse’s payout ratio is 32.07%.

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.