Caitong International Asset Management Co. Ltd lessened its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 78.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118 shares of the technology company’s stock after selling 427 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Littelfuse were worth $27,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Van Lanschot Kempen Investment Management N.V. grew its holdings in Littelfuse by 39.9% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,215 shares of the technology company’s stock valued at $121,628,000 after buying an additional 176,243 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Littelfuse by 2.8% during the 1st quarter. Westwood Holdings Group Inc. now owns 357,157 shares of the technology company’s stock worth $70,267,000 after purchasing an additional 9,793 shares during the period. Copeland Capital Management LLC boosted its holdings in shares of Littelfuse by 31.3% during the second quarter. Copeland Capital Management LLC now owns 333,199 shares of the technology company’s stock worth $75,546,000 after purchasing an additional 79,507 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Littelfuse by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 314,897 shares of the technology company’s stock valued at $61,953,000 after purchasing an additional 2,362 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Littelfuse by 39.5% in the second quarter. Nordea Investment Management AB now owns 311,436 shares of the technology company’s stock valued at $70,687,000 after purchasing an additional 88,151 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.
Littelfuse Trading Up 0.0%
Shares of LFUS opened at $269.35 on Monday. The company has a current ratio of 4.06, a quick ratio of 2.98 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $6.67 billion, a P/E ratio of 56.11, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45. The stock’s fifty day simple moving average is $260.78 and its 200 day simple moving average is $230.94. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $273.98.
Insider Buying and Selling at Littelfuse
In other Littelfuse news, VP Ryan K. Stafford sold 10,206 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $261.34, for a total value of $2,667,236.04. Following the transaction, the vice president directly owned 30,727 shares of the company’s stock, valued at $8,030,194.18. This trade represents a 24.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director T J. Chung sold 2,343 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $246.11, for a total value of $576,635.73. Following the completion of the transaction, the director directly owned 18,730 shares in the company, valued at $4,609,640.30. This trade represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,759 shares of company stock valued at $6,697,362 over the last three months. 2.50% of the stock is owned by company insiders.
Analysts Set New Price Targets
LFUS has been the subject of a number of recent analyst reports. Baird R W raised Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Littelfuse in a research report on Saturday. Wall Street Zen raised Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Robert W. Baird raised Littelfuse from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $290.00 to $310.00 in a research report on Friday, October 10th. Finally, Zacks Research downgraded Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $292.50.
Get Our Latest Analysis on LFUS
About Littelfuse
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.
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