Littelfuse, Inc. (LFUS) Shares Sold by Sumitomo Life Insurance Co.

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Sumitomo Life Insurance Co. trimmed its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 12.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,149 shares of the technology company’s stock after selling 1,434 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Littelfuse were worth $2,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LFUS. BB&T Securities LLC lifted its holdings in Littelfuse by 22.7% in the 1st quarter. BB&T Securities LLC now owns 2,166 shares of the technology company’s stock valued at $450,000 after acquiring an additional 400 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in Littelfuse by 70.8% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 5,081 shares of the technology company’s stock valued at $1,058,000 after acquiring an additional 2,106 shares during the last quarter. UBS Group AG lifted its holdings in Littelfuse by 79.1% in the 1st quarter. UBS Group AG now owns 4,035 shares of the technology company’s stock valued at $840,000 after acquiring an additional 1,782 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Littelfuse by 5.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 57,001 shares of the technology company’s stock valued at $11,867,000 after acquiring an additional 2,944 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in Littelfuse by 3.6% in the 1st quarter. California State Teachers Retirement System now owns 36,784 shares of the technology company’s stock valued at $7,658,000 after acquiring an additional 1,283 shares during the last quarter. 97.03% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on LFUS shares. BidaskClub downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Barrington Research reaffirmed a “hold” rating on shares of Littelfuse in a research note on Tuesday, July 31st. ValuEngine lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Zacks Investment Research lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, CL King set a $248.00 price objective on shares of Littelfuse and gave the company a “buy” rating in a research note on Tuesday, September 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $245.00.

In other Littelfuse news, Director T J. Chung sold 1,200 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $227.41, for a total transaction of $272,892.00. Following the completion of the sale, the director now directly owns 16,940 shares of the company’s stock, valued at $3,852,325.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nathan Zommer sold 13,741 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $222.38, for a total transaction of $3,055,723.58. Following the sale, the director now directly owns 475,419 shares of the company’s stock, valued at $105,723,677.22. The disclosure for this sale can be found here. Insiders have sold 28,502 shares of company stock valued at $6,314,954 over the last ninety days. Insiders own 3.80% of the company’s stock.

LFUS stock opened at $177.51 on Friday. The company has a quick ratio of 2.69, a current ratio of 3.59 and a debt-to-equity ratio of 0.47. Littelfuse, Inc. has a one year low of $174.21 and a one year high of $238.10. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.60 and a beta of 0.93.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Wednesday, August 1st. The technology company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.18. Littelfuse had a net margin of 7.36% and a return on equity of 18.22%. The company had revenue of $459.20 million during the quarter, compared to analyst estimates of $458.84 million. During the same period in the prior year, the firm earned $2.10 earnings per share. The business’s quarterly revenue was up 46.5% on a year-over-year basis. Sell-side analysts predict that Littelfuse, Inc. will post 9.53 EPS for the current year.

Littelfuse Profile

Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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