Headlands Technologies LLC Invests $201,000 in Littelfuse, Inc. (NASDAQ:LFUS)

Headlands Technologies LLC acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,022 shares of the technology company's stock, valued at approximately $201,000.

A number of other large investors have also added to or reduced their stakes in LFUS. LPL Financial LLC raised its stake in Littelfuse by 15.7% during the fourth quarter. LPL Financial LLC now owns 9,066 shares of the technology company's stock valued at $2,120,000 after buying an additional 1,230 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Littelfuse by 10.1% in the fourth quarter. Bank of Montreal Can now owns 3,426 shares of the technology company's stock worth $807,000 after purchasing an additional 314 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Littelfuse in the fourth quarter worth $32,865,000. Treasurer of the State of North Carolina raised its stake in shares of Littelfuse by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock worth $2,529,000 after purchasing an additional 70 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Littelfuse by 56.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,458 shares of the technology company's stock worth $344,000 after purchasing an additional 528 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Insider Transactions at Littelfuse

In other Littelfuse news, Director T J. Chung sold 2,343 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $246.11, for a total transaction of $576,635.73. Following the completion of the sale, the director owned 18,730 shares of the company's stock, valued at approximately $4,609,640.30. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company's stock.

Littelfuse Stock Performance

Shares of LFUS traded down $4.01 during trading hours on Friday, hitting $252.32. The stock had a trading volume of 13,677 shares, compared to its average volume of 213,658. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.06 and a quick ratio of 2.98. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.56. The firm has a market capitalization of $6.25 billion, a PE ratio of 52.56, a PEG ratio of 2.26 and a beta of 1.41. The stock has a fifty day moving average price of $234.48 and a 200 day moving average price of $215.77.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.35 by $0.50. Littelfuse had a return on equity of 9.74% and a net margin of 5.30%. The company had revenue of $613.41 million during the quarter, compared to analyst estimates of $571.04 million. During the same quarter in the previous year, the company posted $1.97 earnings per share. Littelfuse's revenue was up 9.8% compared to the same quarter last year. Analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.75 per share. This is a boost from Littelfuse's previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 21st. Littelfuse's dividend payout ratio is presently 58.33%.

Analyst Ratings Changes

LFUS has been the subject of several recent analyst reports. Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Oppenheimer decreased their price target on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Robert W. Baird boosted their price target on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $234.50.

Littelfuse 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.