Red Door Wealth Management LLC Takes $589,000 Position in Littelfuse, Inc. (NASDAQ:LFUS)

Red Door Wealth Management LLC acquired a new stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,500 shares of the technology company's stock, valued at approximately $589,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LFUS. Inspire Investing LLC boosted its stake in Littelfuse by 8.4% in the 4th quarter. Inspire Investing LLC now owns 3,752 shares of the technology company's stock worth $884,000 after buying an additional 290 shares during the last quarter. D.B. Root & Company LLC boosted its position in shares of Littelfuse by 9.2% in the fourth quarter. D.B. Root & Company LLC now owns 4,439 shares of the technology company's stock worth $1,046,000 after acquiring an additional 375 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in Littelfuse by 1.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 23,707 shares of the technology company's stock valued at $5,587,000 after purchasing an additional 271 shares during the period. Park Avenue Securities LLC increased its position in Littelfuse by 8.0% during the fourth quarter. Park Avenue Securities LLC now owns 2,844 shares of the technology company's stock worth $670,000 after purchasing an additional 211 shares during the last quarter. Finally, Moody National Bank Trust Division raised its stake in Littelfuse by 24.7% during the fourth quarter. Moody National Bank Trust Division now owns 4,547 shares of the technology company's stock worth $1,072,000 after purchasing an additional 902 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on LFUS shares. Oppenheimer raised shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price objective for the company in a research note on Thursday, October 17th. Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Littelfuse currently has an average rating of "Moderate Buy" and a consensus target price of $285.00.

Littelfuse Stock Down 0.7 %

Shares of NASDAQ LFUS traded down $1.69 on Friday, hitting $235.01. The company had a trading volume of 114,236 shares, compared to its average volume of 116,556. The company has a quick ratio of 2.52, a current ratio of 3.55 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. The firm has a market capitalization of $5.83 billion, a P/E ratio of 30.21, a PEG ratio of 1.93 and a beta of 1.26. The business has a 50 day moving average of $240.54 and a two-hundred day moving average of $251.54.

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 for the quarter, topping analysts' consensus estimates of $2.09 by $0.62. The firm had revenue of $567.39 million during the quarter, compared to analysts' expectations of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. Littelfuse's quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.97 EPS. As a group, equities research analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Insider Activity at Littelfuse

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

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.