Moody Aldrich Partners LLC Makes New Investment in Littelfuse, Inc. (NASDAQ:LFUS)

Moody Aldrich Partners LLC bought a new position in Littelfuse, Inc. (NASDAQ:LFUS) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,223 shares of the technology company’s stock, valued at approximately $209,000.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC grew its position in shares of Littelfuse by 2,166.7% during the 1st quarter. Signaturefd LLC now owns 204 shares of the technology company’s stock valued at $27,000 after acquiring an additional 195 shares during the period. Synovus Financial Corp grew its position in shares of Littelfuse by 112.5% during the 1st quarter. Synovus Financial Corp now owns 391 shares of the technology company’s stock valued at $53,000 after acquiring an additional 207 shares during the period. Fifth Third Bancorp grew its position in shares of Littelfuse by 46.0% during the 1st quarter. Fifth Third Bancorp now owns 546 shares of the technology company’s stock valued at $73,000 after acquiring an additional 172 shares during the period. Stonebridge Capital Advisors LLC grew its position in shares of Littelfuse by 16.7% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 700 shares of the technology company’s stock valued at $93,000 after acquiring an additional 100 shares during the period. Finally, FinTrust Capital Advisors LLC bought a new stake in shares of Littelfuse during the 1st quarter valued at $93,000. 95.10% of the stock is owned by institutional investors and hedge funds.

LFUS has been the subject of a number of recent research reports. Loop Capital initiated coverage on shares of Littelfuse in a research report on Monday, April 20th. They set a “hold” rating for the company. Zacks Investment Research upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a research note on Wednesday, June 24th. Oppenheimer restated a “hold” rating on shares of Littelfuse in a research note on Wednesday. Stifel Nicolaus lifted their target price on shares of Littelfuse from $155.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday. Finally, BidaskClub upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $193.00.

In other Littelfuse news, SVP Deepak Nayar sold 809 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $145.00, for a total value of $117,305.00. Following the sale, the senior vice president now owns 8,901 shares in the company, valued at approximately $1,290,645. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.20% of the stock is owned by insiders.

LFUS stock traded down $0.07 during mid-day trading on Friday, hitting $177.65. The company had a trading volume of 101,278 shares, compared to its average volume of 85,974. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 59.41, a P/E/G ratio of 3.80 and a beta of 1.14. Littelfuse, Inc. has a 12-month low of $103.63 and a 12-month high of $196.00. The company has a quick ratio of 4.16, a current ratio of 5.35 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $168.66 and a 200 day moving average price of $160.03.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.37 by $0.34. The business had revenue of $307.34 million for the quarter, compared to analysts’ expectations of $271.00 million. Littelfuse had a net margin of 5.46% and a return on equity of 8.24%. As a group, analysts expect that Littelfuse, Inc. will post 3.79 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, August 19th. Littelfuse’s payout ratio is currently 28.15%.

About Littelfuse

Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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