Amundi Pioneer Asset Management Inc. Invests $3.36 Million in Littelfuse, Inc. (LFUS) Stock

Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 16,979 shares of the technology company’s stock, valued at approximately $3,358,000.

A number of other hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in shares of Littelfuse by 4.7% in the third quarter. Envestnet Asset Management Inc. now owns 6,586 shares of the technology company’s stock valued at $1,287,000 after buying an additional 293 shares in the last quarter. Forward Management LLC increased its position in shares of Littelfuse by 16.1% in the fourth quarter. Forward Management LLC now owns 2,375 shares of the technology company’s stock valued at $470,000 after buying an additional 330 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Littelfuse by 17.7% in the third quarter. Advisors Asset Management Inc. now owns 2,212 shares of the technology company’s stock valued at $433,000 after buying an additional 333 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Littelfuse by 1.9% in the third quarter. Prudential Financial Inc. now owns 18,107 shares of the technology company’s stock valued at $3,546,000 after buying an additional 340 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Littelfuse by 11.5% in the third quarter. Pacer Advisors Inc. now owns 3,395 shares of the technology company’s stock valued at $665,000 after buying an additional 350 shares in the last quarter. Institutional investors own 94.54% of the company’s stock.

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A number of analysts have recently commented on the company. BidaskClub upgraded Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 15th. Zacks Investment Research upgraded Littelfuse from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, ValuEngine upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Littelfuse presently has an average rating of “Buy” and an average price target of $212.00.

Shares of LFUS stock opened at $204.73 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.90 and a current ratio of 3.52. Littelfuse, Inc. has a 12-month low of $149.81 and a 12-month high of $226.33. The company has a market capitalization of $5,457.72, a P/E ratio of 39.45, a P/E/G ratio of 2.14 and a beta of 0.99.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.13. Littelfuse had a return on equity of 19.65% and a net margin of 9.78%. The firm had revenue of $304.85 million during the quarter, compared to analysts’ expectations of $299.88 million. During the same period in the previous year, the business earned $1.57 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. analysts predict that Littelfuse, Inc. will post 8.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Thursday, February 22nd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Wednesday, February 21st. Littelfuse’s payout ratio is 28.52%.

In other Littelfuse news, CEO David W. Heinzmann sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $209.90, for a total transaction of $1,049,500.00. Following the transaction, the chief executive officer now owns 40,941 shares of the company’s stock, valued at $8,593,515.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ian Highley sold 9,378 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $212.50, for a total value of $1,992,825.00. Following the transaction, the senior vice president now directly owns 4,121 shares in the company, valued at approximately $875,712.50. The disclosure for this sale can be found here. Insiders have sold 71,289 shares of company stock valued at $15,271,800 over the last quarter. 1.80% of the stock is owned by company insiders.

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About Littelfuse

Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.

Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse, Inc. (NASDAQ:LFUS).

Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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