Trexquant Investment LP Purchases New Shares in Littelfuse, Inc. (NASDAQ:LFUS)

Trexquant Investment LP purchased a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Get Rating) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,453 shares of the technology company’s stock, valued at approximately $1,282,000.

A number of other large investors also recently made changes to their positions in the company. Brinker Capital Investments LLC lifted its position in shares of Littelfuse by 0.9% during the third quarter. Brinker Capital Investments LLC now owns 5,252 shares of the technology company’s stock valued at $1,044,000 after purchasing an additional 46 shares in the last quarter. Van ECK Associates Corp increased its holdings in Littelfuse by 9.9% during the third quarter. Van ECK Associates Corp now owns 701 shares of the technology company’s stock worth $139,000 after buying an additional 63 shares during the last quarter. Citizens Financial Group Inc RI increased its holdings in Littelfuse by 5.1% during the third quarter. Citizens Financial Group Inc RI now owns 1,325 shares of the technology company’s stock worth $263,000 after buying an additional 64 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Littelfuse by 8.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 866 shares of the technology company’s stock worth $216,000 after buying an additional 68 shares during the last quarter. Finally, Creative Planning increased its holdings in Littelfuse by 6.2% during the third quarter. Creative Planning now owns 1,176 shares of the technology company’s stock worth $234,000 after buying an additional 69 shares during the last quarter. 94.69% of the stock is owned by institutional investors.

Insider Activity at Littelfuse

In related news, CFO Meenal Sethna sold 3,478 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $251.40, for a total transaction of $874,369.20. Following the completion of the transaction, the chief financial officer now owns 17,717 shares of the company’s stock, valued at $4,454,053.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director William P. Noglows sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $264.36, for a total transaction of $317,232.00. Following the completion of the transaction, the director now owns 16,926 shares of the company’s stock, valued at $4,474,557.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Meenal Sethna sold 3,478 shares of Littelfuse stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $251.40, for a total transaction of $874,369.20. Following the sale, the chief financial officer now owns 17,717 shares of the company’s stock, valued at $4,454,053.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,513 shares of company stock valued at $1,415,081. Corporate insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LFUS. Robert W. Baird raised their price objective on shares of Littelfuse from $258.00 to $270.00 in a report on Friday, February 3rd. Jefferies Financial Group raised their price objective on shares of Littelfuse from $254.00 to $295.00 in a report on Tuesday, November 22nd. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Littelfuse currently has a consensus rating of “Hold” and an average target price of $246.20.

Littelfuse Price Performance

LFUS opened at $258.28 on Tuesday. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.65 and a beta of 1.26. The company has a quick ratio of 1.68, a current ratio of 2.64 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $256.30 and a 200-day moving average price of $234.19. Littelfuse, Inc. has a twelve month low of $192.19 and a twelve month high of $281.78.

Littelfuse (NASDAQ:LFUS – Get Rating) last posted its earnings results on Wednesday, February 1st. The technology company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.24 by $0.10. The firm had revenue of $613.25 million during the quarter, compared to the consensus estimate of $613.85 million. Littelfuse had a net margin of 14.85% and a return on equity of 20.18%. The company’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $3.16 earnings per share. Equities analysts expect that Littelfuse, Inc. will post 13.18 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 9th. Investors of record on Thursday, February 23rd were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, February 22nd. This represents a $2.40 annualized dividend and a yield of 0.93%. Littelfuse’s dividend payout ratio is currently 16.06%.

About Littelfuse

(Get Rating)

Littelfuse, Inc engages in the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Transportation, and Industrial. The Electronics segment covers a broad range of end markets, including industrial motor drives and power conversion, automotive electronics, electric vehicle and related infrastructure, power supplies, data centers and telecommunications, medical devices, alternative energy and energy storage, building and home automation, appliances, and mobile electronics.