Cambiar Investors LLC Has $10.04 Million Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Cambiar Investors LLC cut its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,594 shares of the technology company's stock after selling 6,654 shares during the period. Cambiar Investors LLC owned 0.17% of Littelfuse worth $10,037,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LFUS. Verition Fund Management LLC acquired a new position in shares of Littelfuse during the 3rd quarter worth about $14,480,000. Jennison Associates LLC increased its stake in shares of Littelfuse by 38.4% during the 3rd quarter. Jennison Associates LLC now owns 181,141 shares of the technology company's stock worth $48,048,000 after purchasing an additional 50,304 shares during the last quarter. Harvey Partners LLC increased its stake in shares of Littelfuse by 39.5% during the 3rd quarter. Harvey Partners LLC now owns 132,500 shares of the technology company's stock worth $35,146,000 after purchasing an additional 37,500 shares during the last quarter. State Street Corp increased its stake in shares of Littelfuse by 3.4% during the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company's stock worth $198,164,000 after purchasing an additional 24,571 shares during the last quarter. Finally, Thematics Asset Management increased its stake in shares of Littelfuse by 37.0% during the 3rd quarter. Thematics Asset Management now owns 87,000 shares of the technology company's stock worth $23,077,000 after purchasing an additional 23,500 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the sale, the chief accounting officer now owns 3,105 shares of the company's stock, valued at approximately $773,207.10. This represents a 18.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company's stock.

Littelfuse Stock Performance

NASDAQ LFUS traded down $0.75 during trading on Friday, reaching $246.87. The company's stock had a trading volume of 171,126 shares, compared to its average volume of 159,934. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 54.86, a price-to-earnings-growth ratio of 2.05 and a beta of 1.26. Littelfuse, Inc. has a 12 month low of $222.73 and a 12 month high of $275.58. The firm has a 50 day moving average price of $237.73 and a 200 day moving average price of $248.65.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same period in the prior year, the company posted $2.02 earnings per share. As a group, equities analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th 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, February 20th. Littelfuse's dividend payout ratio is currently 62.22%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LFUS shares. StockNews.com upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Wednesday. Robert W. Baird reduced their target price on shares of Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday, January 29th. Finally, Oppenheimer raised shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 target price for the company in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $280.00.

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.