Charles Schwab Investment Management Inc. Purchases 8,195 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Charles Schwab Investment Management Inc. increased its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 303,947 shares of the technology company's stock after buying an additional 8,195 shares during the period. Charles Schwab Investment Management Inc. owned about 1.22% of Littelfuse worth $80,622,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Van Lanschot Kempen Investment Management N.V. bought a new position in shares of Littelfuse in the second quarter worth about $100,662,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Littelfuse in the 2nd quarter worth approximately $46,037,000. Victory Capital Management Inc. boosted its stake 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. Jennison Associates LLC grew its holdings in Littelfuse by 38.4% during the 3rd quarter. Jennison Associates LLC now owns 181,141 shares of the technology company's stock valued at $48,048,000 after buying an additional 50,304 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Littelfuse by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company's stock valued at $107,244,000 after buying an additional 49,588 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Insider Activity at Littelfuse

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 completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research note on Wednesday, October 30th. StockNews.com raised Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Robert W. Baird increased their price target on 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 raised their price target for the company from $270.00 to $280.00 in a report on Tuesday, August 13th. Finally, TD Cowen upped their price objective on Littelfuse from $250.00 to $260.00 and gave the stock a "hold" rating in a report on Thursday, August 1st. Three equities research 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $285.00.

Littelfuse Trading Down 0.6 %

NASDAQ LFUS traded down $1.45 during trading hours on Thursday, hitting $245.84. 60,569 shares of the company were exchanged, compared to its average volume of 127,959. Littelfuse, Inc. has a 52 week low of $222.91 and a 52 week high of $275.58. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $253.91 and a 200 day moving average price of $256.02. The stock has a market cap of $6.10 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 2.47 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The company's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.97 EPS. Analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors 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 1.14%. Littelfuse's dividend payout ratio is presently 35.99%.

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.