Tidal Investments LLC Grows Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Tidal Investments LLC boosted its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 67.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,417 shares of the technology company's stock after buying an additional 2,188 shares during the quarter. Tidal Investments LLC's holdings in Littelfuse were worth $1,437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LFUS. Wilmington Savings Fund Society FSB acquired a new stake in Littelfuse in the 3rd quarter valued at about $84,000. Sanctuary Advisors LLC raised its holdings in Littelfuse by 6.7% in the third quarter. Sanctuary Advisors LLC now owns 4,094 shares of the technology company's stock valued at $998,000 after acquiring an additional 257 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in Littelfuse by 3.4% in the third quarter. Coldstream Capital Management Inc. now owns 10,406 shares of the technology company's stock valued at $2,760,000 after acquiring an additional 346 shares in the last quarter. Geode Capital Management LLC lifted its stake in Littelfuse by 0.4% in the third quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company's stock worth $114,607,000 after acquiring an additional 1,525 shares during the last quarter. Finally, Barclays PLC grew its holdings in Littelfuse by 52.7% during the 3rd quarter. Barclays PLC now owns 11,448 shares of the technology company's stock worth $3,037,000 after acquiring an additional 3,949 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Littelfuse Stock Performance

Shares of LFUS stock traded down $1.61 during mid-day trading on Thursday, hitting $233.99. 147,625 shares of the stock were exchanged, compared to its average volume of 126,114. Littelfuse, Inc. has a 12-month low of $222.91 and a 12-month high of $275.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 2.48 and a beta of 1.26. The stock's fifty day simple moving average is $250.22 and its two-hundred day simple moving average is $254.99.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued 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 net margin of 8.88% and a return on equity of 8.49%. 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. On average, analysts forecast that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.20%. Littelfuse's dividend payout ratio (DPR) is currently 35.99%.

Insider Transactions at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction that occurred 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 sale, the chief accounting officer now owns 3,105 shares of the company's stock, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, August 29th. Oppenheimer upgraded Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target on the stock in a research note on Thursday, October 17th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research report on Wednesday, October 30th. Finally, StockNews.com raised Littelfuse from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Three investment 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 stock. According to MarketBeat.com, Littelfuse has an average rating of "Moderate Buy" and a consensus target price of $285.00.

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.