Advantage Alpha Capital Partners LP Sells 14,449 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Advantage Alpha Capital Partners LP lessened its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 56.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,107 shares of the technology company's stock after selling 14,449 shares during the period. Advantage Alpha Capital Partners LP's holdings in Littelfuse were worth $2,946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LFUS. SG Americas Securities LLC grew its holdings in Littelfuse by 399.7% in the 2nd quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company's stock valued at $1,204,000 after buying an additional 3,769 shares in the last quarter. Chesapeake Capital Corp IL bought a new stake in Littelfuse during the third quarter worth about $570,000. Thrivent Financial for Lutherans grew its stake in Littelfuse by 1.4% during the third quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company's stock worth $73,781,000 after buying an additional 3,831 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Littelfuse by 13.2% in the 2nd quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company's stock valued at $128,179,000 after buying an additional 58,529 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Littelfuse by 3.4% in the 2nd quarter. Federated Hermes Inc. now owns 209,976 shares of the technology company's stock valued at $53,668,000 after buying an additional 6,814 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

Littelfuse Trading Down 1.6 %

Shares of NASDAQ:LFUS traded down $4.10 during midday trading on Tuesday, reaching $247.29. The company's stock had a trading volume of 99,387 shares, compared to its average volume of 128,254. Littelfuse, Inc. has a fifty-two week low of $222.91 and a fifty-two week high of $275.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The firm has a 50 day moving average price of $254.56 and a two-hundred day moving average price of $256.24. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 2.40 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.62. The firm had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The company's revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.97 earnings per share. As a group, analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, November 21st. Littelfuse's payout ratio is 35.99%.

Insider Buying and Selling at Littelfuse

In other news, SVP Matthew Cole sold 1,436 shares of the company'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 transaction of $353,284.72. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LFUS shares. TD Cowen lifted their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the company a "hold" rating in a research note on Thursday, August 1st. Robert W. Baird raised their price target on shares of Littelfuse from $300.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, August 29th. Stifel Nicolaus upgraded Littelfuse from a "hold" rating to a "buy" rating and increased their price objective for the company from $270.00 to $280.00 in a report on Tuesday, August 13th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday, October 30th. Finally, Oppenheimer raised Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target for the company in a research note 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 given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $285.00.

Littelfuse 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.