317 Shares in Littelfuse, Inc. (NASDAQ:LFUS) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB purchased a new stake in Littelfuse, Inc. (NASDAQ:LFUS) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 317 shares of the technology company’s stock, valued at approximately $84,000.

Other hedge funds also recently made changes to their positions in the company. Pathstone Holdings LLC lifted its stake in Littelfuse by 0.6% during the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock worth $1,730,000 after purchasing an additional 40 shares during the period. Assetmark Inc. grew its position in Littelfuse by 6.5% in the third quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock valued at $191,000 after acquiring an additional 44 shares during the period. US Bancorp DE raised its stake in Littelfuse by 1.4% during the third quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock worth $911,000 after acquiring an additional 49 shares in the last quarter. Rathbones Group PLC lifted its holdings in shares of Littelfuse by 0.3% during the second quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock valued at $4,249,000 after acquiring an additional 52 shares during the period. Finally, Tributary Capital Management LLC boosted its stake in shares of Littelfuse by 1.4% in the 3rd quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Stock Up 0.2 %

Littelfuse stock opened at $234.44 on Friday. The stock has a market capitalization of $5.82 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. Littelfuse, Inc. has a twelve month low of $222.91 and a twelve month high of $275.58. The company has a 50 day moving average of $249.38 and a 200-day moving average of $254.71.

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

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is 35.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LFUS shares. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a report on Thursday, October 17th. Robert W. Baird boosted their target price on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Littelfuse currently has an average rating of “Moderate Buy” and an average target price of $285.00.

Insider Activity at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $249.02, for a total value of $174,314.00. Following the sale, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. This represents a 18.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by company insiders.

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.