Quadrature Capital Ltd Has $6.82 Million Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Quadrature Capital Ltd boosted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 66.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,113 shares of the technology company’s stock after purchasing an additional 11,247 shares during the period. Quadrature Capital Ltd owned 0.11% of Littelfuse worth $6,817,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Rise Advisors LLC acquired a new stake in shares of Littelfuse in the first quarter valued at approximately $30,000. SRS Capital Advisors Inc. lifted its position in shares of Littelfuse by 372.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company’s stock valued at $37,000 after buying an additional 108 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Littelfuse in the fourth quarter valued at approximately $50,000. EntryPoint Capital LLC acquired a new stake in shares of Littelfuse in the first quarter valued at approximately $50,000. Finally, Covestor Ltd lifted its position in shares of Littelfuse by 28.5% in the first quarter. Covestor Ltd now owns 239 shares of the technology company’s stock valued at $58,000 after buying an additional 53 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Littelfuse from $240.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Robert W. Baird raised Littelfuse from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $270.00 to $300.00 in a report on Friday, May 17th. Baird R W raised Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Friday, May 17th. Jefferies Financial Group began coverage on Littelfuse in a report on Tuesday, April 9th. They set a “hold” rating and a $260.00 price target for the company. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $270.00.

Insiders Place Their Bets

In other news, SVP Deepak Nayar sold 1,305 shares of Littelfuse stock in a transaction on Monday, May 6th. The stock was sold at an average price of $250.25, for a total value of $326,576.25. Following the transaction, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,158,657.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Deepak Nayar sold 1,305 shares of Littelfuse stock in a transaction on Monday, May 6th. The stock was sold at an average price of $250.25, for a total value of $326,576.25. Following the transaction, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,158,657.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total value of $81,951.00. Following the completion of the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,295,683.18. The disclosure for this sale can be found here. Insiders have sold a total of 9,938 shares of company stock worth $2,545,503 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Littelfuse Stock Performance

NASDAQ:LFUS traded up $4.02 during mid-day trading on Friday, hitting $260.01. 68,197 shares of the stock were exchanged, compared to its average volume of 98,870. The firm’s 50-day simple moving average is $258.16 and its 200 day simple moving average is $245.97. Littelfuse, Inc. has a fifty-two week low of $212.80 and a fifty-two week high of $309.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.44 and a current ratio of 3.57. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 2.52 and a beta of 1.29.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The firm had revenue of $535.39 million for the quarter, compared to analyst estimates of $519.08 million. During the same quarter last year, the company earned $3.64 EPS. The company’s revenue was down 12.2% on a year-over-year basis. As a group, equities analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

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.