Red Door Wealth Management LLC Takes Position in Littelfuse, Inc. (NASDAQ:LFUS)

Red Door Wealth Management LLC acquired a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,500 shares of the technology company’s stock, valued at approximately $589,000.

Other large investors have also bought and sold shares of the company. Huntington National Bank increased its holdings in Littelfuse by 200.0% in 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 in the last quarter. Truvestments Capital LLC acquired a new position in shares of Littelfuse in the third quarter valued at approximately $27,000. UMB Bank n.a. increased its stake in shares of Littelfuse by 70.2% in 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 Littelfuse in the 3rd quarter valued at approximately $53,000. Finally, GAMMA Investing LLC grew its holdings in Littelfuse by 41.8% during the 3rd quarter. GAMMA Investing LLC now owns 234 shares of the technology company’s stock worth $62,000 after acquiring an additional 69 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the sale, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a research report on Thursday, October 17th. Finally, StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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. The business has a 50-day moving average price of $240.54 and a two-hundred day moving average price of $251.54. Littelfuse, Inc. has a 1-year low of $222.91 and a 1-year high of $275.58. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.87 billion, a P/E ratio of 30.42, a PEG ratio of 1.94 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.62. The business had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.97 earnings per share. As a group, analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current year.

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.