Littelfuse, Inc. (NASDAQ:LFUS) Stake Boosted by OLD National Bancorp IN

OLD National Bancorp IN increased its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 62.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,397 shares of the technology company’s stock after purchasing an additional 535 shares during the quarter. OLD National Bancorp IN’s holdings in Littelfuse were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC acquired a new stake in Littelfuse during the 3rd quarter worth about $27,000. Assetmark Inc. lifted its holdings in shares of Littelfuse by 27.9% during the 3rd quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock valued at $91,000 after buying an additional 80 shares during the last quarter. Vest Financial LLC acquired a new stake in shares of Littelfuse during the 4th quarter valued at about $245,000. Hsbc Holdings PLC lifted its holdings in shares of Littelfuse by 11.8% during the 3rd quarter. Hsbc Holdings PLC now owns 1,016 shares of the technology company’s stock valued at $251,000 after buying an additional 107 shares during the last quarter. Finally, Trust Point Inc. acquired a new stake in shares of Littelfuse during the 4th quarter valued at about $274,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Stock Up 1.0 %

LFUS opened at $233.60 on Thursday. The business has a 50 day moving average price of $236.14 and a 200 day moving average price of $239.45. Littelfuse, Inc. has a twelve month low of $212.80 and a twelve month high of $309.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.49 and a current ratio of 3.75. The firm has a market cap of $5.82 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 2.04 and a beta of 1.34.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share for the quarter, hitting the consensus estimate of $2.02. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The firm had revenue of $533.80 million during the quarter, compared to analyst estimates of $535.76 million. During the same period in the previous year, the company earned $3.34 EPS. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. Research analysts forecast that Littelfuse, Inc. will post 9.44 EPS for the current year.

Insider Buying and Selling

In other Littelfuse news, SVP Maggie Chu sold 1,522 shares of Littelfuse stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $240.74, for a total value of $366,406.28. Following the transaction, the senior vice president now directly owns 3,086 shares of the company’s stock, valued at approximately $742,923.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $243.62, for a total value of $470,673.84. Following the completion of the sale, the executive vice president now directly owns 24,155 shares of the company’s stock, valued at approximately $5,884,641.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Maggie Chu sold 1,522 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $240.74, for a total transaction of $366,406.28. Following the completion of the sale, the senior vice president now directly owns 3,086 shares of the company’s stock, valued at $742,923.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,370 shares of company stock worth $1,064,413. 2.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Littelfuse in a report on Tuesday, April 9th. They set a “hold” rating and a $260.00 price target for the company. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, March 30th.

Littelfuse 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.