3,834 Littelfuse, Inc. $LFUS Shares Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC reduced its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 15.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,272 shares of the technology company’s stock after selling 3,834 shares during the quarter. Littelfuse accounts for 3.4% of Summit Creek Advisors LLC’s investment portfolio, making the stock its largest position. Summit Creek Advisors LLC’s holdings in Littelfuse were worth $8,590,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Versant Capital Management Inc increased its holdings in Littelfuse by 168.0% in the 3rd quarter. Versant Capital Management Inc now owns 67 shares of the technology company’s stock valued at $28,000 after purchasing an additional 42 shares during the last quarter. Caitlin John LLC purchased a new stake in Littelfuse in the second quarter valued at approximately $33,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Littelfuse in the second quarter valued at approximately $51,000. Root Financial Partners LLC acquired a new position in Littelfuse during the third quarter worth $51,000. Finally, NBH Bank acquired a new position in Littelfuse during the second quarter worth $78,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Insider Activity at Littelfuse

In other news, SVP David Ruppel sold 1,493 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $404.57, for a total transaction of $604,023.01. Following the sale, the senior vice president owned 4,720 shares of the company’s stock, valued at approximately $1,909,570.40. This represents a 24.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LFUS has been the subject of several research analyst reports. Zacks Research upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Needham & Company LLC reiterated a “buy” rating and issued a $520.00 price objective on shares of Littelfuse in a report on Wednesday, October 28th. Oppenheimer reiterated an “outperform” rating on shares of Littelfuse in a report on Thursday, October 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Littelfuse in a research note on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $465.83.

Littelfuse Trading Up 2.1%

Shares of LFUS stock opened at $355.72 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.01 and a current ratio of 2.67. The stock has a market capitalization of $9.04 billion, a P/E ratio of 291.58, a price-to-earnings-growth ratio of 1.61 and a beta of 1.50. The company has a 50 day moving average price of $406.34 and a 200 day moving average price of $401.17. Littelfuse, Inc. has a fifty-two week low of $233.36 and a fifty-two week high of $500.57.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, October 28th. The technology company reported $5.79 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.82. The firm had revenue of $795.20 million for the quarter, compared to the consensus estimate of $792.49 million. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.77 EPS. Equities research analysts predict that Littelfuse, Inc. will post 18.37 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be paid a $0.80 dividend. The ex-dividend date is Thursday, November 19th. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Littelfuse’s payout ratio is 262.30%.

Littelfuse Company Profile

Littelfuse, Inc is a global manufacturer of products that help protect and control electrical systems. Its offerings include fuses and other circuit-protection components, power-control devices, sensors, and electronic components used in a range of applications.

The company serves customers in markets including automotive, industrial, commercial vehicles, and electronics. Its products are used to protect equipment from electrical faults, manage power, and monitor conditions in systems and devices.

Founded in 1927, Littelfuse has grown from a maker of circuit-protection products into a broader supplier of electrical and electronic technologies.