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

Mendel Money Management trimmed its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,703 shares of the technology company’s stock after selling 306 shares during the period. Littelfuse accounts for about 1.3% of Mendel Money Management’s investment portfolio, making the stock its 28th largest position. Mendel Money Management owned about 0.05% of Littelfuse worth $2,880,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its stake in Littelfuse by 228.2% in the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company’s stock valued at $25,000 after acquiring an additional 89 shares during the last quarter. AlphaQuest LLC purchased a new stake in Littelfuse in the 1st quarter valued at approximately $29,000. Hoese & Co LLP lifted its stake in Littelfuse by 781.3% in the 2nd quarter. Hoese & Co LLP now owns 282 shares of the technology company’s stock valued at $64,000 after buying an additional 250 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Littelfuse by 42.0% in the 1st quarter. Advisors Asset Management Inc. now owns 311 shares of the technology company’s stock valued at $61,000 after buying an additional 92 shares in the last quarter. Finally, Quarry LP purchased a new stake in Littelfuse in the 1st quarter valued at approximately $63,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Stock Down 3.4%

Shares of NASDAQ:LFUS opened at $262.53 on Wednesday. The stock’s 50-day moving average price is $261.36 and its two-hundred day moving average price is $232.44. The company has a current ratio of 4.06, a quick ratio of 2.98 and a debt-to-equity ratio of 0.30. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.00. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 54.69, a PEG ratio of 2.20 and a beta of 1.45.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LFUS. Wall Street Zen raised Littelfuse from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Littelfuse in a research note on Wednesday, October 8th. Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Zacks Research downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, Robert W. Baird raised shares of Littelfuse from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $290.00 to $310.00 in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and an average target price of $292.50.

Insiders Place Their Bets

In other Littelfuse news, SVP Alexander Conrad sold 13,210 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $261.43, for a total transaction of $3,453,490.30. Following the transaction, the senior vice president owned 3,427 shares of the company’s stock, valued at $895,920.61. This trade represents a 79.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $246.11, for a total transaction of $576,635.73. Following the transaction, the director directly owned 18,730 shares in the company, valued at approximately $4,609,640.30. This represents a 11.12% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 25,759 shares of company stock valued at $6,697,362. Insiders own 2.50% of the company’s stock.

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.