Royce & Associates LP lifted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,383 shares of the technology company's stock after acquiring an additional 12,079 shares during the quarter. Royce & Associates LP owned 0.87% of Littelfuse worth $57,130,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the stock. SG Americas Securities LLC increased its holdings in Littelfuse by 399.7% during the 2nd quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company's stock worth $1,204,000 after purchasing an additional 3,769 shares during the period. Vanguard Group Inc. raised its holdings in Littelfuse by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company's stock valued at $649,442,000 after acquiring an additional 17,119 shares in the last quarter. Sei Investments Co. grew its holdings in Littelfuse by 8.9% during the 1st quarter. Sei Investments Co. now owns 40,897 shares of the technology company's stock worth $9,910,000 after acquiring an additional 3,343 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Littelfuse in the 1st quarter valued at approximately $2,454,000. Finally, Quadrature Capital Ltd raised its holdings in shares of Littelfuse by 66.7% in the 1st quarter. Quadrature Capital Ltd now owns 28,113 shares of the technology company's stock valued at $6,817,000 after purchasing an additional 11,247 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.
Littelfuse Stock Performance
Shares of Littelfuse stock traded down $8.21 during trading on Friday, reaching $241.09. The company's stock had a trading volume of 128,600 shares, compared to its average volume of 128,364. The company has a 50-day moving average price of $255.51 and a two-hundred day moving average price of $256.27. Littelfuse, Inc. has a fifty-two week low of $222.91 and a fifty-two week high of $275.58. The firm has a market cap of $5.98 billion, a PE ratio of 30.99, a P/E/G ratio of 2.49 and a beta of 1.28. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.62. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The company had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. During the same period in the previous year, the business posted $2.97 earnings per share. Littelfuse's quarterly revenue was down 6.5% on a year-over-year basis. On average, analysts forecast that Littelfuse, Inc. will post 8.47 EPS for the current year.
Littelfuse Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.16%. Littelfuse's payout ratio is 35.99%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. StockNews.com upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Oppenheimer upgraded Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 target price for the company in a research note on Thursday, October 17th. Benchmark reissued a "hold" rating on shares of Littelfuse in a report on Wednesday, October 30th. Stifel Nicolaus upgraded shares of Littelfuse from a "hold" rating to a "buy" rating and upped their target price for the company from $270.00 to $280.00 in a report on Tuesday, August 13th. Finally, TD Cowen boosted their price target on shares of Littelfuse from $250.00 to $260.00 and gave the company a "hold" rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Littelfuse has an average rating of "Moderate Buy" and an average price target of $285.00.
Check Out Our Latest Stock Report on LFUS
Insider Buying and Selling at Littelfuse
In related news, SVP Matthew Cole sold 1,436 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the sale, the senior vice president now owns 5,522 shares in the company, valued at $1,358,522.44. This trade represents a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David W. Heinzmann sold 2,091 shares of Littelfuse stock in a transaction that occurred on Monday, August 26th. The shares were 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 directly owns 59,654 shares in the company, valued at $16,383,971.10. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,242 shares of company stock worth $3,318,974. 2.30% of the stock is currently owned by insiders.
About Littelfuse
(
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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