First National Advisers LLC Buys 3,916 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Key Points

• First National Advisers LLC has increased its stake in Littelfuse, Inc. by 55.5% in the first quarter, owning 10,971 shares worth approximately $2.16 million.
• Several other institutional investors, including Commonwealth Equity Services and Vanguard Group, have also increased their positions in Littelfuse during the fourth quarter, indicating strong institutional interest in the stock.
• Littelfuse reported earnings of $2.19 per share, surpassing analyst expectations, and reported a revenue increase of 3.5% compared to the same quarter last year.

First National Advisers LLC increased its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 55.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,971 shares of the technology company's stock after buying an additional 3,916 shares during the period. First National Advisers LLC's holdings in Littelfuse were worth $2,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LFUS. Oppenheimer Asset Management Inc. lifted its holdings in Littelfuse by 1.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,142 shares of the technology company's stock valued at $1,208,000 after buying an additional 69 shares during the period. Treasurer of the State of North Carolina lifted its holdings in 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 valued at $2,529,000 after buying an additional 70 shares during the period. Fifth Third Bancorp lifted its holdings in Littelfuse by 30.5% in the first quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock valued at $64,000 after buying an additional 76 shares during the period. Snowden Capital Advisors LLC increased its position in Littelfuse by 0.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 16,413 shares of the technology company's stock valued at $3,868,000 after buying an additional 86 shares in the last quarter. Finally, Global X Japan Co. Ltd. increased its position in Littelfuse by 33.5% in the 1st quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company's stock valued at $68,000 after buying an additional 87 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Littelfuse

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $197.50, for a total value of $291,707.50. Following the completion of the sale, the senior vice president directly owned 5,975 shares of the company's stock, valued at approximately $1,180,062.50. This represents a 19.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company's stock.

Littelfuse Stock Down 0.6%

Shares of LFUS traded down $1.38 on Tuesday, reaching $235.79. The company's stock had a trading volume of 186,352 shares, compared to its average volume of 153,630. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $275.56. The company has a current ratio of 3.88, a quick ratio of 2.75 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average of $223.46 and a 200-day moving average of $213.83. The stock has a market capitalization of $5.83 billion, a PE ratio of 54.58, a PEG ratio of 2.16 and a beta of 1.39.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.37. Littelfuse had a net margin of 4.89% and a return on equity of 9.00%. The business had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. During the same period in the prior year, the firm posted $1.76 EPS. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on LFUS. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research report on Wednesday, May 28th. Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Wall Street Zen upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Robert W. Baird upped their target price on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Oppenheimer lowered their target price on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $252.25.

Littelfuse Company 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.