Jennison Associates LLC increased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 38.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,141 shares of the technology company's stock after purchasing an additional 50,304 shares during the quarter. Jennison Associates LLC owned 0.73% of Littelfuse worth $48,048,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Huntington National Bank grew its stake in Littelfuse by 200.0% in the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company's stock valued at $25,000 after acquiring an additional 64 shares during the period. CWM LLC raised its holdings in shares of Littelfuse by 410.7% during the 2nd quarter. CWM LLC now owns 143 shares of the technology company's stock worth $37,000 after acquiring an additional 115 shares during the period. UMB Bank n.a. raised its holdings in Littelfuse by 70.2% in the 3rd 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. GAMMA Investing LLC raised its holdings in Littelfuse by 275.0% in the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company's stock valued at $42,000 after buying an additional 121 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in Littelfuse in the 1st quarter valued at about $50,000. 96.14% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. TD Cowen lifted their target price on Littelfuse from $250.00 to $260.00 and gave the company a "hold" rating in a research report on Thursday, August 1st. 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. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research report on Wednesday, October 30th. Stifel Nicolaus upgraded Littelfuse from a "hold" rating to a "buy" rating and boosted their target price for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Finally, StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Littelfuse currently has an average rating of "Moderate Buy" and an average price target of $285.00.
Read Our Latest Analysis on LFUS
Insider Transactions at Littelfuse
In other news, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,383,971.10. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew Cole sold 1,436 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the sale, the senior vice president now owns 5,522 shares of the company's stock, valued at approximately $1,358,522.44. This trade represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.
Littelfuse Price Performance
Shares of LFUS traded up $3.63 during trading hours on Friday, reaching $242.29. 77,559 shares of the company traded hands, compared to its average volume of 127,795. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $6.01 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 2.34 and a beta of 1.28. Littelfuse, Inc. has a fifty-two week low of $222.91 and a fifty-two week high of $275.58. The stock has a fifty day simple moving average of $254.71 and a 200 day simple moving average of $256.33.
Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. During the same period in the prior year, the business posted $2.97 earnings per share. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, research analysts predict that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.
Littelfuse Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a $0.70 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.16%. Littelfuse's dividend payout ratio (DPR) is 35.99%.
Littelfuse Company Profile
(
Free Report)
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.
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