Chesapeake Capital Corp IL Makes New $570,000 Investment in Littelfuse, Inc. (NASDAQ:LFUS)

Chesapeake Capital Corp IL bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,157 shares of the technology company's stock, valued at approximately $570,000.

A number of other institutional investors also recently bought and sold shares of LFUS. Van Lanschot Kempen Investment Management N.V. purchased a new stake in Littelfuse in the 2nd quarter valued at approximately $100,662,000. Westwood Holdings Group Inc. lifted its position in shares of Littelfuse by 223.8% in the first quarter. Westwood Holdings Group Inc. now owns 313,927 shares of the technology company's stock valued at $76,080,000 after acquiring an additional 216,985 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Littelfuse during the second quarter valued at $46,037,000. Victory Capital Management Inc. increased its position in Littelfuse by 13.2% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Littelfuse by 13.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company's stock valued at $107,244,000 after purchasing an additional 49,588 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. 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. Stifel Nicolaus raised Littelfuse from a "hold" rating to a "buy" rating and raised their price objective for the company from $270.00 to $280.00 in a research report on Tuesday, August 13th. StockNews.com raised Littelfuse from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, October 30th. Finally, TD Cowen upped their target price 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. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Littelfuse currently has an average rating of "Moderate Buy" and a consensus target price of $285.00.

Littelfuse Stock Performance

Shares of NASDAQ:LFUS traded down $8.21 during trading on Friday, hitting $241.09. 128,600 shares of the company traded hands, compared to its average volume of 104,126. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.37 and a beta of 1.28. The business's fifty day moving average is $255.32 and its 200-day moving average is $256.49. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. Littelfuse, Inc. has a one year low of $222.91 and a one year high of $275.58.

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 for the quarter, topping analysts' consensus estimates of $2.09 by $0.62. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The company had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. During the same period in the prior year, the business posted $2.97 EPS. The business's revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, equities analysts predict that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Thursday, November 21st. Littelfuse's dividend payout ratio (DPR) is presently 35.99%.

Insiders Place Their Bets

In related news, CEO David W. Heinzmann sold 8,715 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total value of $2,391,396.00. Following the transaction, the chief executive officer now directly owns 59,654 shares of the company's stock, valued at approximately $16,369,057.60. This trade represents a 12.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew Cole sold 1,436 shares of the business'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 value of $353,284.72. Following the completion of the sale, the senior vice president now owns 5,522 shares of the company's stock, valued at approximately $1,358,522.44. This trade represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,242 shares of company stock worth $3,318,974 over the last ninety days. 2.30% of the stock is currently owned by company insiders.

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.