Littelfuse, Inc. (NASDAQ:LFUS) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 511,623 shares of the technology company's stock after buying an additional 10,119 shares during the quarter. Victory Capital Management Inc. owned approximately 2.06% of Littelfuse worth $135,708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Littelfuse by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company's stock worth $649,442,000 after acquiring an additional 17,119 shares during the period. Earnest Partners LLC raised its holdings in Littelfuse by 2.4% in the 2nd quarter. Earnest Partners LLC now owns 444,654 shares of the technology company's stock worth $113,649,000 after purchasing an additional 10,406 shares during the period. Dimensional Fund Advisors LP boosted its position in Littelfuse by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company's stock worth $107,244,000 after purchasing an additional 49,588 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. acquired a new stake in Littelfuse in the second quarter valued at approximately $100,662,000. Finally, Ariel Investments LLC increased its position in shares of Littelfuse by 1.8% in the first quarter. Ariel Investments LLC now owns 347,223 shares of the technology company's stock valued at $84,149,000 after buying an additional 6,030 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Price Performance

Shares of Littelfuse stock traded up $0.14 on Wednesday, hitting $252.75. 108,894 shares of the company were exchanged, compared to its average volume of 128,416. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $255.64 and a 200 day moving average price of $256.32. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Littelfuse, Inc. has a 1-year low of $222.91 and a 1-year high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The company had revenue of $567.39 million during the quarter, compared to analysts' expectations of $557.38 million. During the same period in the prior year, the business earned $2.97 EPS. The firm's quarterly revenue was down 6.5% on a year-over-year basis. As a group, sell-side analysts predict that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.80 annualized dividend and a yield of 1.11%. Littelfuse's dividend payout ratio (DPR) is 35.99%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LFUS. Stifel Nicolaus raised shares of Littelfuse from a "hold" rating to a "buy" rating and lifted their price target for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. TD Cowen upped their price target on shares of Littelfuse from $250.00 to $260.00 and gave the stock a "hold" rating in a research report on Thursday, August 1st. Robert W. Baird raised their price target 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. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Finally, 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 report on Thursday, October 17th. Three 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $285.00.

Insider Buying and Selling at Littelfuse

In other Littelfuse 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 transaction, the senior vice president now owns 5,522 shares of the company's stock, valued at $1,358,522.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO David W. Heinzmann sold 2,091 shares of Littelfuse stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company's stock, valued at approximately $16,383,971.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew Cole sold 1,436 shares of the business's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the sale, the senior vice president now owns 5,522 shares in the company, valued at $1,358,522.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,242 shares of company stock worth $3,318,974 over the last quarter. 2.30% of the stock is currently owned by company insiders.

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.