MQS Management LLC Reduces Stake in Littelfuse, Inc. (NASDAQ:LFUS)

MQS Management LLC lessened its position in Littelfuse, Inc. (NASDAQ:LFUS) by 15.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,719 shares of the technology company’s stock after selling 309 shares during the quarter. MQS Management LLC’s holdings in Littelfuse were worth $417,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Littelfuse by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock valued at $649,442,000 after buying an additional 17,119 shares in the last quarter. Norges Bank bought a new position in Littelfuse during the 4th quarter valued at approximately $150,004,000. Victory Capital Management Inc. increased its position in Littelfuse by 4.8% during the 4th quarter. Victory Capital Management Inc. now owns 421,392 shares of the technology company’s stock valued at $112,748,000 after buying an additional 19,435 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Littelfuse by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 346,174 shares of the technology company’s stock valued at $92,627,000 after buying an additional 10,770 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in Littelfuse by 3.4% during the 4th quarter. Brown Advisory Inc. now owns 328,936 shares of the technology company’s stock valued at $88,010,000 after buying an additional 10,750 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Insider Activity

In other news, CEO David W. Heinzmann sold 300 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total value of $81,951.00. Following the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,295,683.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Deepak Nayar sold 1,305 shares of Littelfuse stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $250.25, for a total value of $326,576.25. Following the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at $1,158,657.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total value of $81,951.00. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,295,683.18. The disclosure for this sale can be found here. Insiders have sold 9,938 shares of company stock worth $2,545,503 over the last ninety days. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Stock Performance

NASDAQ LFUS traded down $0.52 on Thursday, hitting $255.99. 107,732 shares of the company traded hands, compared to its average volume of 139,141. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 29.32, a P/E/G ratio of 2.60 and a beta of 1.29. The company has a current ratio of 3.57, a quick ratio of 2.44 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $258.16 and its 200-day moving average price is $245.91. Littelfuse, Inc. has a 52-week low of $212.80 and a 52-week high of $309.21.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.01. The company had revenue of $535.39 million for the quarter, compared to the consensus estimate of $519.08 million. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. Littelfuse’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.64 earnings per share. Equities analysts expect that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LFUS. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. Baird R W raised Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Friday, May 17th. Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Thursday, May 2nd. Stifel Nicolaus lifted their price objective on Littelfuse from $240.00 to $250.00 and gave the stock a “hold” rating in a report on Monday, July 15th. Finally, Jefferies Financial Group started coverage on Littelfuse in a report on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $270.00.

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.