Van ECK Associates Corp Purchases 2,914 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Van ECK Associates Corp grew its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 109.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,585 shares of the technology company's stock after acquiring an additional 2,914 shares during the quarter. Van ECK Associates Corp's holdings in Littelfuse were worth $1,497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of LFUS. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Littelfuse by 8.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 866 shares of the technology company's stock valued at $216,000 after acquiring an additional 68 shares in the last quarter. Citigroup Inc. raised its position in Littelfuse by 2.5% in the 1st quarter. Citigroup Inc. now owns 3,595 shares of the technology company's stock valued at $897,000 after buying an additional 89 shares during the last quarter. Bank of Montreal Can raised its position in Littelfuse by 6.0% in the 1st quarter. Bank of Montreal Can now owns 3,711 shares of the technology company's stock valued at $975,000 after buying an additional 211 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Littelfuse by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,027 shares of the technology company's stock valued at $2,251,000 after buying an additional 860 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Littelfuse by 1.8% in the 1st quarter. BlackRock Inc. now owns 2,040,384 shares of the technology company's stock worth $508,893,000 after acquiring an additional 37,011 shares in the last quarter. Institutional investors own 95.80% of the company's stock.

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the company's stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $270.15, for a total value of $189,105.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,713 shares in the company, valued at approximately $732,916.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $270.15, for a total transaction of $189,105.00. Following the sale, the chief accounting officer now directly owns 2,713 shares of the company's stock, valued at approximately $732,916.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director T J. Chung sold 1,750 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $259.22, for a total transaction of $453,635.00. Following the sale, the director now directly owns 16,991 shares in the company, valued at $4,404,407.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,242 shares of company stock worth $2,405,536. 2.70% of the stock is currently owned by corporate insiders.

LFUS has been the subject of several analyst reports. Robert W. Baird increased their target price on shares of Littelfuse from $260.00 to $285.00 in a report on Thursday, May 11th. Stifel Nicolaus increased their target price on shares of Littelfuse from $240.00 to $265.00 in a report on Thursday, May 4th. Finally, StockNews.com started coverage on shares of Littelfuse in a report on Thursday, May 18th. They issued a "hold" rating for the company. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Littelfuse has a consensus rating of "Hold" and a consensus target price of $259.00.

View Our Latest Stock Analysis on Littelfuse

Shares of Littelfuse stock opened at $258.23 on Friday. Littelfuse, Inc. has a 1 year low of $192.19 and a 1 year high of $309.94. The firm has a market cap of $6.41 billion, a PE ratio of 19.73, a PEG ratio of 1.85 and a beta of 1.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.70 and a quick ratio of 1.62. The company has a 50 day simple moving average of $282.78 and a two-hundred day simple moving average of $266.87.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 1st. The technology company reported $3.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.32 by ($0.20). Littelfuse had a return on equity of 16.34% and a net margin of 13.14%. The business had revenue of $612.00 million during the quarter, compared to the consensus estimate of $618.83 million. Analysts expect that Littelfuse, Inc. will post 13.57 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This is a positive change from Littelfuse's previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 1.01%. Littelfuse's dividend payout ratio is 18.33%.

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.

Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse, Inc. (NASDAQ:LFUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Littelfuse, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Littelfuse wasn't on the list.

While Littelfuse currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.