Chesapeake Capital Corp IL Takes Position in Littelfuse, Inc. (NASDAQ:LFUS)

Chesapeake Capital Corp IL bought a new stake in Littelfuse, Inc. (NASDAQ:LFUS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,157 shares of the technology company’s stock, valued at approximately $570,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in Littelfuse by 399.7% during the second quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock worth $1,204,000 after buying an additional 3,769 shares during the last quarter. Vanguard Group Inc. lifted its stake in Littelfuse by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock valued at $649,442,000 after acquiring an additional 17,119 shares in the last quarter. Sei Investments Co. lifted its stake in Littelfuse by 8.9% in the 1st quarter. Sei Investments Co. now owns 40,897 shares of the technology company’s stock valued at $9,910,000 after acquiring an additional 3,343 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Littelfuse during the 1st quarter worth approximately $2,454,000. Finally, Quadrature Capital Ltd increased its position in shares of Littelfuse by 66.7% during the 1st quarter. Quadrature Capital Ltd now owns 28,113 shares of the technology company’s stock worth $6,817,000 after purchasing an additional 11,247 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO David W. Heinzmann sold 8,715 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the completion of the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,369,057.60. This trade represents a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the sale, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,242 shares of company stock valued at $3,318,974 over the last 90 days. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LFUS. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. TD Cowen upped their target price on Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and upped their price objective for the stock from $270.00 to $280.00 in a research report on Tuesday, August 13th. Finally, Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Trading Down 3.3 %

Shares of LFUS stock opened at $241.09 on Friday. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.37 and a beta of 1.28. The stock has a 50-day moving average of $255.32 and a 200-day moving average of $256.31. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. Littelfuse, Inc. has a 1-year low of $222.91 and a 1-year high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.62. The company had revenue of $567.39 million during the quarter, compared to analysts’ expectations of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.97 earnings per share. On average, equities research analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 annualized dividend and a yield of 1.16%. Littelfuse’s dividend payout ratio is currently 35.99%.

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.