Cambiar Investors LLC Sells 2,170 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Cambiar Investors LLC lessened its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,248 shares of the technology company's stock after selling 2,170 shares during the period. Cambiar Investors LLC owned about 0.20% of Littelfuse worth $13,063,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Littelfuse by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company's stock worth $649,442,000 after purchasing an additional 17,119 shares during the period. Victory Capital Management Inc. lifted its holdings in Littelfuse by 13.2% in the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company's stock worth $128,179,000 after buying an additional 58,529 shares during the period. Earnest Partners LLC lifted its holdings in Littelfuse by 2.4% in the second quarter. Earnest Partners LLC now owns 444,654 shares of the technology company's stock worth $113,649,000 after buying an additional 10,406 shares during the period. Dimensional Fund Advisors LP boosted its position in Littelfuse by 13.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company's stock valued at $107,244,000 after acquiring an additional 49,588 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. purchased a new position in shares of Littelfuse during the 2nd quarter worth approximately $100,662,000. Institutional investors own 96.14% of the company's stock.

Littelfuse Stock Up 2.0 %

Shares of LFUS traded up $4.81 during trading hours on Friday, hitting $249.44. The company had a trading volume of 88,486 shares, compared to its average volume of 101,234. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 32.06, a P/E/G ratio of 2.47 and a beta of 1.28. The firm has a fifty day moving average price of $257.63 and a 200-day moving average price of $254.73. Littelfuse, Inc. has a 52-week low of $222.91 and a 52-week high of $275.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.42 and a current ratio of 3.55.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.62. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The business had revenue of $567.39 million during the quarter, compared to analysts' expectations of $557.38 million. During the same period in the previous year, the company earned $2.97 earnings per share. The business's revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Littelfuse, Inc. will post 8.25 EPS for the current fiscal year.

Littelfuse Dividend Announcement

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. This represents a $2.80 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse's dividend payout ratio is currently 35.99%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. TD Cowen raised their price objective on Littelfuse from $250.00 to $260.00 and gave the company a "hold" rating in a research report on Thursday, August 1st. Oppenheimer raised shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 target price on the stock in a research report on Thursday, October 17th. Stifel Nicolaus raised shares of Littelfuse from a "hold" rating to a "buy" rating and lifted their price target for the company from $270.00 to $280.00 in a research report on Tuesday, August 13th. Finally, Robert W. Baird boosted their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Littelfuse has an average rating of "Moderate Buy" and a consensus price target of $285.00.

Insider Activity

In other news, CEO David W. Heinzmann sold 8,715 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the sale, the chief executive officer now owns 59,654 shares of the company's stock, valued at $16,369,057.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO David W. Heinzmann sold 8,715 shares of the firm's stock in a transaction 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 in the company, valued at $16,369,057.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Matthew Cole sold 1,436 shares of the company's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,242 shares of company stock valued at $3,318,974 over the last ninety days. 2.30% of the stock is currently owned by corporate 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.