Oak Thistle LLC Invests $553,000 in Littelfuse, Inc. (NASDAQ:LFUS)

Oak Thistle LLC bought a new position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,809 shares of the technology company's stock, valued at approximately $553,000.

Other hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas raised its holdings in Littelfuse by 80.5% in the first quarter. Teacher Retirement System of Texas now owns 5,023 shares of the technology company's stock worth $988,000 after purchasing an additional 2,240 shares during the period. Millennium Management LLC raised its holdings in shares of Littelfuse by 806.0% during the fourth quarter. Millennium Management LLC now owns 19,253 shares of the technology company's stock worth $4,537,000 after acquiring an additional 17,128 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Littelfuse by 1.9% during the first quarter. Envestnet Asset Management Inc. now owns 137,047 shares of the technology company's stock worth $26,963,000 after acquiring an additional 2,571 shares during the period. Palisade Capital Management LP raised its holdings in shares of Littelfuse by 6.5% during the first quarter. Palisade Capital Management LP now owns 183,400 shares of the technology company's stock worth $36,082,000 after acquiring an additional 11,157 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Littelfuse by 206.4% during the first quarter. GAMMA Investing LLC now owns 576 shares of the technology company's stock worth $113,000 after acquiring an additional 388 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on LFUS shares. Baird R W lowered shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Benchmark restated a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. 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 raised their price objective 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 dropped their price objective 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Littelfuse presently has a consensus rating of "Hold" and a consensus price target of $252.25.

Insider Transactions at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $197.50, for a total transaction of $291,707.50. Following the transaction, the senior vice president directly owned 5,975 shares in the company, valued at $1,180,062.50. The trade was a 19.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.50% of the company's stock.

Littelfuse Stock Up 1.3%

LFUS stock traded up $2.99 during midday trading on Monday, hitting $233.33. The company's stock had a trading volume of 150,037 shares, compared to its average volume of 212,453. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.88 and a quick ratio of 2.75. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $275.56. The company's fifty day moving average price is $223.04 and its 200 day moving average price is $213.81. The stock has a market capitalization of $5.77 billion, a P/E ratio of 54.01, a PEG ratio of 2.09 and a beta of 1.39.

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

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.