Vise Technologies Inc. Purchases 1,869 Shares of Littelfuse, Inc. $LFUS

Vise Technologies Inc. grew its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 89.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,970 shares of the technology company’s stock after acquiring an additional 1,869 shares during the period. Vise Technologies Inc.’s holdings in Littelfuse were worth $1,682,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LFUS. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Littelfuse by 66.7% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,600 shares of the technology company’s stock worth $1,949,000 after purchasing an additional 1,840 shares during the period. Parcion Private Wealth LLC lifted its stake in Littelfuse by 10.1% in the third quarter. Parcion Private Wealth LLC now owns 513 shares of the technology company’s stock valued at $217,000 after buying an additional 47 shares during the period. North Dakota State Investment Board boosted its holdings in shares of Littelfuse by 4.2% during the 3rd quarter. North Dakota State Investment Board now owns 761 shares of the technology company’s stock worth $322,000 after buying an additional 31 shares in the last quarter. Convergence Financial LLC bought a new position in shares of Littelfuse during the 3rd quarter worth approximately $653,000. Finally, Park Avenue Securities LLC boosted its holdings in shares of Littelfuse by 11.4% during the 3rd quarter. Park Avenue Securities LLC now owns 1,353 shares of the technology company’s stock worth $573,000 after buying an additional 139 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Littelfuse Stock Up 2.1%

Shares of NASDAQ:LFUS traded up $7.33 during trading on Friday, reaching $355.72. 259,841 shares of the stock were exchanged, compared to its average volume of 275,214. Littelfuse, Inc. has a 1-year low of $233.36 and a 1-year high of $500.57. The stock has a fifty day moving average of $406.34 and a two-hundred day moving average of $401.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.67 and a quick ratio of 2.01. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 291.58, a price-to-earnings-growth ratio of 1.79 and a beta of 1.50.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, October 28th. The technology company reported $5.79 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.82. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The business had revenue of $795.20 million during the quarter, compared to analyst estimates of $792.49 million. During the same quarter in the previous year, the business posted $2.77 EPS. Littelfuse’s quarterly revenue was up 22.7% on a year-over-year basis. Research analysts anticipate that Littelfuse, Inc. will post 18.37 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, November 19th. Littelfuse’s dividend payout ratio (DPR) is currently 262.30%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Littelfuse in a research note on Wednesday, October 28th. Zacks Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Oppenheimer reaffirmed an “outperform” rating on shares of Littelfuse in a research note on Thursday, October 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $520.00 price objective on shares of Littelfuse in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $465.83.

Insider Activity at Littelfuse

In other news, SVP David Ruppel sold 1,493 shares of the business’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $404.57, for a total transaction of $604,023.01. Following the completion of the sale, the senior vice president directly owned 4,720 shares of the company’s stock, valued at $1,909,570.40. The trade was a 24.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

Littelfuse Company Profile

Littelfuse, Inc is a diversified industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes fuses and other circuit-protection devices, power semiconductor products, relays, switches, sensors and related electronic components.

The company serves customers in the automotive, commercial vehicle, industrial, electronics, energy and communications markets. Its products are used in applications such as vehicle electrification, battery systems, industrial equipment, power distribution, renewable energy systems, data infrastructure and consumer electronics.