1,999 Shares in Littelfuse, Inc. (NASDAQ:LFUS) Acquired by Eastern Bank

Eastern Bank bought a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,999 shares of the technology company’s stock, valued at approximately $530,000.

Several other institutional investors have also added to or reduced their stakes in the business. CWM LLC increased its stake in shares of Littelfuse by 410.7% in the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after purchasing an additional 115 shares in the last quarter. UMB Bank n.a. grew its holdings in Littelfuse by 70.2% during the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 59 shares during the period. GAMMA Investing LLC increased its position in Littelfuse by 275.0% in the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock worth $42,000 after buying an additional 121 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Littelfuse in the first quarter worth about $50,000. Finally, Covestor Ltd lifted its position in shares of Littelfuse by 28.5% during the 1st quarter. Covestor Ltd now owns 239 shares of the technology company’s stock valued at $58,000 after buying an additional 53 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Trading Down 0.3 %

Shares of Littelfuse stock opened at $253.12 on Thursday. The company has a quick ratio of 2.42, a current ratio of 3.50 and a debt-to-equity ratio of 0.32. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 2.64 and a beta of 1.27. Littelfuse, Inc. has a twelve month low of $212.80 and a twelve month high of $275.58. The business has a 50-day moving average price of $259.45 and a 200-day moving average price of $254.01.

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

Insider Activity at Littelfuse

In other news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were 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 in the company, valued at $1,358,522.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the transaction, the senior vice president now owns 5,522 shares in the company, valued at approximately $1,358,522.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David W. Heinzmann sold 2,091 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,383,971.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,028 shares of company stock valued at $4,356,035 over the last 90 days. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LFUS has been the topic of a number of recent analyst reports. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research note on Thursday, October 17th. TD Cowen raised their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and upped their target price for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Robert W. Baird increased their target price on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $285.00.

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.