Mason Street Advisors LLC Cuts Stake in Littelfuse, Inc. (NASDAQ:LFUS)

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Mason Street Advisors LLC trimmed its position in Littelfuse, Inc. (NASDAQ:LFUS) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,895 shares of the technology company’s stock after selling 285 shares during the quarter. Mason Street Advisors LLC’s holdings in Littelfuse were worth $2,286,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its holdings in shares of Littelfuse by 122.1% in the 2nd quarter. Invesco Ltd. now owns 731,795 shares of the technology company’s stock valued at $129,461,000 after buying an additional 402,242 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Littelfuse in the 2nd quarter worth $22,865,000. Victory Capital Management Inc. lifted its stake in shares of Littelfuse by 20.9% in the 2nd quarter. Victory Capital Management Inc. now owns 666,347 shares of the technology company’s stock worth $117,883,000 after acquiring an additional 115,250 shares during the period. Impax Asset Management Group plc lifted its stake in shares of Littelfuse by 68.7% in the 2nd quarter. Impax Asset Management Group plc now owns 205,643 shares of the technology company’s stock worth $36,380,000 after acquiring an additional 83,757 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Littelfuse by 2,509.0% in the 2nd quarter. Janus Henderson Group PLC now owns 70,966 shares of the technology company’s stock worth $12,555,000 after acquiring an additional 68,246 shares during the period. Institutional investors own 98.45% of the company’s stock.

NASDAQ:LFUS traded up $0.91 during mid-day trading on Friday, hitting $176.99. 3,874 shares of the company’s stock traded hands, compared to its average volume of 155,558. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.09 and a current ratio of 4.05. The firm’s 50 day simple moving average is $181.63 and its 200 day simple moving average is $173.94. Littelfuse, Inc. has a 1 year low of $149.80 and a 1 year high of $206.00. The company has a market cap of $4.40 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.42 and a beta of 1.05.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.23. The business had revenue of $362.00 million during the quarter, compared to the consensus estimate of $372.14 million. Littelfuse had a net margin of 9.51% and a return on equity of 12.62%. The company’s quarterly revenue was down 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.49 earnings per share. On average, research analysts expect that Littelfuse, Inc. will post 6.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.48 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.08%. Littelfuse’s dividend payout ratio (DPR) is presently 20.34%.

In other news, SVP Deepak Nayar sold 2,264 shares of Littelfuse stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $183.96, for a total transaction of $416,485.44. Following the completion of the sale, the senior vice president now directly owns 5,766 shares in the company, valued at $1,060,713.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael P. Rutz sold 200 shares of Littelfuse stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $183.81, for a total transaction of $36,762.00. Following the sale, the senior vice president now owns 6,446 shares of the company’s stock, valued at $1,184,839.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,456 shares of company stock valued at $635,106. Insiders own 3.50% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Robert W. Baird downgraded shares of Littelfuse from an “outperform” rating to a “neutral” rating and cut their price target for the company from $193.00 to $171.00 in a report on Thursday, August 1st. Cowen dropped their target price on shares of Littelfuse from $200.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Jefferies Financial Group initiated coverage on shares of Littelfuse in a report on Thursday, October 3rd. They set a “buy” rating and a $215.00 target price for the company. Oppenheimer downgraded shares of Littelfuse from an “outperform” rating to a “market perform” rating in a report on Thursday, October 31st. Finally, ValuEngine upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $195.86.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

Further Reading: Bond

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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