UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,650 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,256 shares of the technology company's stock after selling 5,650 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.45% of Littelfuse worth $29,511,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LFUS. Glenmede Trust Co. NA grew its position in Littelfuse by 18.1% during the third quarter. Glenmede Trust Co. NA now owns 2,059 shares of the technology company's stock valued at $546,000 after buying an additional 316 shares during the period. Townsquare Capital LLC grew its position in shares of Littelfuse by 28.6% during the 3rd quarter. Townsquare Capital LLC now owns 3,553 shares of the technology company's stock valued at $942,000 after acquiring an additional 791 shares during the period. Thematics Asset Management grew its position in shares of Littelfuse by 37.0% during the 3rd quarter. Thematics Asset Management now owns 87,000 shares of the technology company's stock valued at $23,077,000 after acquiring an additional 23,500 shares during the period. BNP Paribas Financial Markets raised its holdings in Littelfuse by 14.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,848 shares of the technology company's stock worth $755,000 after purchasing an additional 366 shares during the period. Finally, FMR LLC lifted its position in Littelfuse by 0.6% during the third quarter. FMR LLC now owns 24,473 shares of the technology company's stock valued at $6,491,000 after purchasing an additional 137 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Price Performance

Shares of NASDAQ:LFUS traded down $3.00 during midday trading on Thursday, reaching $243.43. 98,409 shares of the company were exchanged, compared to its average volume of 126,990. The stock has a market cap of $6.04 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26. The business's fifty day moving average is $252.43 and its two-hundred day moving average is $255.74. Littelfuse, Inc. has a one year low of $222.91 and a one year high of $275.58. 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 (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.09 by $0.62. The business had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The business's revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.97 EPS. As a group, analysts predict that Littelfuse, Inc. will post 8.47 earnings per share for the current 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 issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.15%. Littelfuse's dividend payout ratio (DPR) is 35.99%.

Insider Activity

In other news, SVP Matthew Cole sold 1,436 shares of the business'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 directly owns 5,522 shares in the company, valued at $1,358,522.44. The trade was a 20.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LFUS. Robert W. Baird upped their price target on Littelfuse from $300.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Wednesday, October 30th. Stifel Nicolaus upgraded shares of Littelfuse from a "hold" rating to a "buy" rating and upped their price target for the stock from $270.00 to $280.00 in a research report on Tuesday, August 13th. Oppenheimer upgraded shares of 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. Finally, StockNews.com upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Littelfuse has a consensus rating of "Moderate Buy" and a consensus price target of $285.00.

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.