Bamco Inc. NY Has $615,000 Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Bamco Inc. NY cut its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 86.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,317 shares of the technology company's stock after selling 14,200 shares during the quarter. Bamco Inc. NY's holdings in Littelfuse were worth $615,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Verition Fund Management LLC bought a new position in Littelfuse in the third quarter valued at approximately $14,480,000. Captrust Financial Advisors grew its stake in Littelfuse by 6.5% in the third quarter. Captrust Financial Advisors now owns 1,488 shares of the technology company's stock valued at $395,000 after purchasing an additional 91 shares in the last quarter. Walleye Capital LLC bought a new position in Littelfuse in the third quarter valued at approximately $5,389,000. Glenmede Trust Co. NA grew its stake in Littelfuse by 18.1% in the third quarter. Glenmede Trust Co. NA now owns 2,059 shares of the technology company's stock valued at $546,000 after purchasing an additional 316 shares in the last quarter. Finally, Townsquare Capital LLC grew its stake in Littelfuse by 28.6% in the third quarter. Townsquare Capital LLC now owns 3,553 shares of the technology company's stock valued at $942,000 after purchasing an additional 791 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Matthew Cole sold 1,436 shares of the business's stock in a transaction 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 sale, the senior vice president now owns 5,522 shares in the company, valued at $1,358,522.44. The trade was a 20.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

LFUS has been the subject of a number of analyst reports. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Robert W. Baird lifted 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. Stifel Nicolaus upgraded Littelfuse from a "hold" rating to a "buy" rating and lifted their target price for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research note on Wednesday, October 30th. Finally, 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 note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Littelfuse currently has an average rating of "Moderate Buy" and a consensus target price of $285.00.

Littelfuse Stock Performance

NASDAQ:LFUS traded up $0.37 during mid-day trading on Wednesday, hitting $246.43. 80,803 shares of the stock were exchanged, compared to its average volume of 127,112. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The firm's 50-day simple moving average is $252.89 and its 200 day simple moving average is $255.83. 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, Inc. has a fifty-two week low of $222.91 and a fifty-two week high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced 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. The firm had revenue of $567.39 million during the quarter, compared to analysts' expectations of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The company's quarterly 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 EPS. As a group, equities analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.14%. Littelfuse's payout ratio is 35.99%.

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.