Prospector Partners LLC Purchases 10,381 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Prospector Partners LLC increased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 14.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,311 shares of the technology company's stock after acquiring an additional 10,381 shares during the period. Littelfuse makes up about 2.3% of Prospector Partners LLC's investment portfolio, making the stock its 12th largest position. Prospector Partners LLC owned approximately 0.33% of Littelfuse worth $21,833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC grew its holdings in shares of Littelfuse by 399.7% during the second quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company's stock valued at $1,204,000 after buying an additional 3,769 shares in the last quarter. Chesapeake Capital Corp IL purchased a new position in Littelfuse during the 3rd quarter valued at about $570,000. Thrivent Financial for Lutherans increased its holdings in shares of Littelfuse by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company's stock valued at $73,781,000 after purchasing an additional 3,831 shares during the period. Victory Capital Management Inc. lifted its position in shares of 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 purchasing an additional 58,529 shares in the last quarter. Finally, Federated Hermes Inc. boosted 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 period. 96.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Littelfuse

In related news, SVP Matthew Cole sold 1,436 shares of the company's stock in a transaction dated 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 $1,358,522.44. The trade was a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, August 29th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, October 30th. Oppenheimer upgraded Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 target price on the stock in a research note on Thursday, October 17th. TD Cowen raised their price target on Littelfuse from $250.00 to $260.00 and gave the stock a "hold" rating in a research note on Thursday, August 1st. Finally, StockNews.com raised Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $285.00.

Littelfuse Stock Performance

NASDAQ:LFUS traded down $4.10 during mid-day trading on Tuesday, hitting $247.29. 99,387 shares of the company's stock traded hands, compared to its average volume of 128,025. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 2.40 and a beta of 1.28. The firm has a 50 day moving average of $254.56 and a two-hundred day moving average of $256.24. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. Littelfuse, Inc. has a 12 month low of $222.91 and a 12 month high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $557.38 million. During the same quarter last year, the company posted $2.97 earnings per share. Littelfuse's quarterly revenue was down 6.5% on a year-over-year basis. On average, equities analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The company also recently disclosed 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 1.13%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse's dividend payout ratio is presently 35.99%.

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.