Inspire Investing LLC Buys 290 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Inspire Investing LLC raised its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,752 shares of the technology company’s stock after acquiring an additional 290 shares during the period. Inspire Investing LLC’s holdings in Littelfuse were worth $884,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank boosted its stake in shares of Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after purchasing an additional 64 shares during the period. Truvestments Capital LLC bought a new stake in Littelfuse in the third quarter worth about $27,000. UMB Bank n.a. boosted its position in shares of Littelfuse by 70.2% during the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after buying an additional 59 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Littelfuse during the third quarter valued at approximately $53,000. Finally, GAMMA Investing LLC raised its holdings in shares of Littelfuse by 41.8% in the third quarter. GAMMA Investing LLC now owns 234 shares of the technology company’s stock worth $62,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Insider Buying and Selling

In other news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now directly owns 3,105 shares in the company, valued at approximately $773,207.10. This trade represents a 18.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LFUS has been the subject of a number of recent analyst reports. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Littelfuse presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.00.

Littelfuse Stock Performance

Shares of Littelfuse stock opened at $236.70 on Friday. Littelfuse, Inc. has a 12 month low of $222.91 and a 12 month high of $275.58. The stock’s fifty day moving average price is $240.54 and its 200-day moving average price is $251.54. The firm has a market cap of $5.87 billion, a P/E ratio of 30.42, a P/E/G ratio of 1.94 and a beta of 1.26. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.09 by $0.62. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The business had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. During the same quarter in the previous year, the business posted $2.97 EPS. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, equities research analysts expect that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

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.