Harbor Capital Advisors Inc. Increases Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Harbor Capital Advisors Inc. grew its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 105.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,464 shares of the technology company’s stock after purchasing an additional 2,803 shares during the period. Harbor Capital Advisors Inc.’s holdings in Littelfuse were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LFUS. CWM LLC raised its position in Littelfuse by 410.7% in the second quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after purchasing an additional 115 shares during the period. UMB Bank n.a. grew its stake in Littelfuse by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after purchasing an additional 59 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Littelfuse by 275.0% during 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 purchased a new position in Littelfuse in the first quarter valued at $50,000. Finally, Covestor Ltd boosted 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 worth $58,000 after acquiring an additional 53 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LFUS. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Robert W. Baird increased their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. TD Cowen increased their target price on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Stifel Nicolaus raised 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 research report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Insider Activity at Littelfuse

In related news, CEO David W. Heinzmann sold 2,091 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,383,971.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO David W. Heinzmann sold 8,715 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,369,057.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David W. Heinzmann sold 2,091 shares of Littelfuse stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the sale, the chief executive officer now directly 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. Over the last quarter, insiders have sold 12,242 shares of company stock valued at $3,318,974. 2.30% of the stock is currently owned by corporate insiders.

Littelfuse Price Performance

Shares of NASDAQ:LFUS opened at $249.44 on Wednesday. Littelfuse, Inc. has a fifty-two week low of $222.91 and a fifty-two week high of $275.58. The company has a market cap of $6.19 billion, a PE ratio of 32.06, a P/E/G ratio of 2.45 and a beta of 1.28. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. The firm has a 50-day simple moving average of $256.83 and a 200 day simple moving average of $255.42.

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

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued 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 dividend yield of 1.12%. Littelfuse’s dividend payout ratio is 35.99%.

About Littelfuse

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.