Nordea Investment Management AB Decreases Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Nordea Investment Management AB lessened its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 240,762 shares of the technology company's stock after selling 4,085 shares during the quarter. Nordea Investment Management AB owned 0.97% of Littelfuse worth $56,947,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Jane Street Group LLC lifted its holdings in shares of Littelfuse by 126.9% during the third quarter. Jane Street Group LLC now owns 11,418 shares of the technology company's stock worth $3,029,000 after purchasing an additional 6,386 shares during the period. Chesapeake Capital Corp IL purchased a new stake in shares of Littelfuse in the 3rd quarter valued at $570,000. Thrivent Financial for Lutherans increased its stake in shares of Littelfuse by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company's stock worth $73,781,000 after acquiring an additional 3,831 shares during the period. Federated Hermes Inc. raised its holdings in shares of Littelfuse by 3.4% during the second quarter. Federated Hermes Inc. now owns 209,976 shares of the technology company's stock worth $53,668,000 after purchasing an additional 6,814 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in Littelfuse by 3.9% during the third quarter. New York State Common Retirement Fund now owns 141,157 shares of the technology company's stock valued at $37,442,000 after purchasing an additional 5,344 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LFUS has been the topic of several analyst reports. 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 research report on Wednesday, October 30th. Finally, Oppenheimer upgraded Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price objective on the stock in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $285.00.

Littelfuse Price Performance

LFUS stock traded down $2.02 during mid-day trading on Wednesday, reaching $237.03. 76,759 shares of the company's stock were exchanged, compared to its average volume of 99,632. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. Littelfuse, Inc. has a 12-month low of $222.91 and a 12-month high of $275.58. The stock's 50 day moving average is $244.73 and its 200 day moving average is $253.09. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.62. The firm had revenue of $567.39 million for the quarter, compared to analysts' expectations of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.97 EPS. On average, research analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 21st. Littelfuse's dividend payout ratio is presently 35.99%.

Insider Buying and Selling

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now owns 3,105 shares in the company, valued at approximately $773,207.10. This trade represents a 18.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is currently owned by insiders.

About Littelfuse

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.