Amalgamated Bank Reduces Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Amalgamated Bank cut its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 17.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,795 shares of the technology company's stock after selling 2,564 shares during the period. Amalgamated Bank's holdings in Littelfuse were worth $3,129,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in LFUS. Van Lanschot Kempen Investment Management N.V. bought a new stake in Littelfuse in the second quarter worth $100,662,000. Westwood Holdings Group Inc. lifted its holdings in shares of Littelfuse by 223.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 313,927 shares of the technology company's stock worth $76,080,000 after acquiring an additional 216,985 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Littelfuse during the 2nd quarter worth about $46,037,000. Lord Abbett & CO. LLC grew its holdings in Littelfuse by 88.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company's stock valued at $40,278,000 after purchasing an additional 78,153 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Littelfuse by 13.2% in the 2nd quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company's stock worth $128,179,000 after purchasing an additional 58,529 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LFUS shares. Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Wednesday, October 30th. TD Cowen boosted their price objective on Littelfuse from $250.00 to $260.00 and gave the company a "hold" rating in a report on Thursday, August 1st. 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 note on Thursday, August 29th. Oppenheimer upgraded Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 target price for the company in a research report on Thursday, October 17th. Finally, Stifel Nicolaus upgraded shares of Littelfuse from a "hold" rating to a "buy" rating and upped their price target for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Littelfuse currently has a consensus rating of "Moderate Buy" and a consensus price target of $285.00.

Littelfuse Stock Down 0.5 %

NASDAQ LFUS traded down $1.25 on Friday, reaching $257.81. 84,334 shares of the stock traded hands, compared to its average volume of 112,000. Littelfuse, Inc. has a 12 month low of $222.91 and a 12 month high of $275.58. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 2.54 and a beta of 1.28. The company has a fifty day moving average price of $256.18 and a 200-day moving average price of $256.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55.

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

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.09%. Littelfuse's dividend payout ratio is presently 35.99%.

Insider Activity at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total transaction of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,383,971.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,383,971.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David W. Heinzmann sold 8,715 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 59,654 shares of the company's stock, valued at approximately $16,369,057.60. The trade was 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 12,242 shares of company stock valued at $3,318,974 over the last ninety days. 2.30% of the stock is owned by company insiders.

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.