Littelfuse, Inc. $LFUS Shares Sold by Mendel Money Management

Mendel Money Management cut its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 2.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,703 shares of the technology company’s stock after selling 306 shares during the period. Littelfuse comprises about 1.3% of Mendel Money Management’s holdings, making the stock its 28th largest position. Mendel Money Management’s holdings in Littelfuse were worth $2,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LFUS. First Horizon Advisors Inc. grew its stake in Littelfuse by 228.2% during the first quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company’s stock worth $25,000 after buying an additional 89 shares during the period. AlphaQuest LLC purchased a new stake in Littelfuse during the first quarter worth approximately $29,000. Advisors Asset Management Inc. grew its stake in Littelfuse by 42.0% during the first quarter. Advisors Asset Management Inc. now owns 311 shares of the technology company’s stock worth $61,000 after buying an additional 92 shares during the period. Quarry LP purchased a new stake in Littelfuse during the first quarter worth approximately $63,000. Finally, Hoese & Co LLP grew its stake in Littelfuse by 781.3% during the second quarter. Hoese & Co LLP now owns 282 shares of the technology company’s stock worth $64,000 after buying an additional 250 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LFUS shares. Robert W. Baird upgraded shares of Littelfuse from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $290.00 to $310.00 in a research note on Friday, October 10th. Baird R W upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Littelfuse in a research note on Wednesday, October 8th. Zacks Research cut Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, Wall Street Zen upgraded Littelfuse from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $292.50.

Littelfuse Stock Down 3.4%

Shares of Littelfuse stock opened at $262.53 on Wednesday. The business has a 50-day moving average of $261.36 and a 200-day moving average of $232.44. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.06 and a quick ratio of 2.98. The company has a market capitalization of $6.51 billion, a PE ratio of 54.69, a P/E/G ratio of 2.20 and a beta of 1.45. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year high of $275.00.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.50. The company had revenue of $613.41 million during the quarter, compared to the consensus estimate of $571.04 million. Littelfuse had a return on equity of 9.74% and a net margin of 5.30%.The company’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $1.97 earnings per share. As a group, equities analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Insider Activity

In other news, SVP Alexander Conrad sold 13,210 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $261.43, for a total transaction of $3,453,490.30. Following the completion of the transaction, the senior vice president directly owned 3,427 shares in the company, valued at approximately $895,920.61. This represents a 79.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director T J. Chung sold 2,343 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $246.11, for a total value of $576,635.73. Following the transaction, the director owned 18,730 shares of the company’s stock, valued at approximately $4,609,640.30. This trade represents a 11.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,759 shares of company stock worth $6,697,362 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

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.