Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Bamco Inc. NY

Bamco Inc. NY reduced its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 77.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,517 shares of the technology company's stock after selling 56,219 shares during the quarter. Bamco Inc. NY owned approximately 0.07% of Littelfuse worth $4,003,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of Littelfuse by 8.1% in the 4th quarter. Pacer Advisors Inc. now owns 3,739 shares of the technology company's stock valued at $1,000,000 after buying an additional 281 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Littelfuse by 7.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 7,861 shares of the technology company's stock valued at $2,103,000 after buying an additional 529 shares during the period. Trust Point Inc. purchased a new position in shares of Littelfuse in the 4th quarter valued at about $274,000. Boston Trust Walden Corp lifted its stake in Littelfuse by 8.8% during the fourth quarter. Boston Trust Walden Corp now owns 216,426 shares of the technology company's stock worth $57,907,000 after purchasing an additional 17,454 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Littelfuse during the fourth quarter worth approximately $7,916,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Trading Down 0.0 %

Shares of NASDAQ LFUS traded down $0.03 during midday trading on Monday, hitting $259.98. The stock had a trading volume of 73,973 shares, compared to its average volume of 138,195. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 2.56 and a beta of 1.29. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $305.74. The company has a quick ratio of 2.44, a current ratio of 3.57 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $258.16 and a 200 day moving average price of $245.96.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its earnings results on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.75 by $0.01. The business had revenue of $535.39 million for the quarter, compared to the consensus estimate of $519.08 million. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The company's revenue was down 12.2% on a year-over-year basis. During the same period last year, the business posted $3.64 EPS. On average, analysts predict that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research note on Thursday, May 2nd. Baird R W raised Littelfuse from a "hold" rating to a "strong-buy" rating in a report on Friday, May 17th. Robert W. Baird raised Littelfuse from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $270.00 to $300.00 in a report on Friday, May 17th. Jefferies Financial Group initiated coverage on Littelfuse in a report on Tuesday, April 9th. They set a "hold" rating and a $260.00 price target for the company. Finally, Stifel Nicolaus increased their price target on Littelfuse from $240.00 to $250.00 and gave the stock a "hold" rating in a report on Monday, July 15th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Littelfuse has an average rating of "Moderate Buy" and an average price target of $270.00.

Insiders Place Their Bets

In related news, CFO Meenal Sethna sold 6,114 shares of Littelfuse stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $256.49, for a total value of $1,568,179.86. Following the completion of the transaction, the chief financial officer now directly owns 22,432 shares in the company, valued at $5,753,583.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Littelfuse news, CFO Meenal Sethna sold 6,114 shares of the firm's stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $256.49, for a total value of $1,568,179.86. Following the transaction, the chief financial officer now owns 22,432 shares of the company's stock, valued at $5,753,583.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Deepak Nayar sold 1,305 shares of the firm's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $250.25, for a total transaction of $326,576.25. Following the completion of the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at approximately $1,158,657.50. The disclosure for this sale can be found here. Insiders have sold 9,938 shares of company stock worth $2,545,503 in the last three months. 2.30% of the stock is owned by insiders.

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.