Jane Street Group LLC Has $3.03 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

Jane Street Group LLC increased its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 126.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,418 shares of the technology company's stock after purchasing an additional 6,386 shares during the period. Jane Street Group LLC's holdings in Littelfuse were worth $3,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Littelfuse during the 2nd quarter worth $46,037,000. Victory Capital Management Inc. increased its holdings in Littelfuse by 13.2% during the 2nd quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company's stock worth $128,179,000 after purchasing an additional 58,529 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Littelfuse during the 3rd quarter valued at approximately $14,480,000. Jennison Associates LLC grew its position in shares of Littelfuse by 38.4% during the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company's stock worth $48,048,000 after buying an additional 50,304 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Littelfuse by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company's stock valued at $107,244,000 after acquiring an additional 49,588 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Price Performance

Shares of NASDAQ:LFUS traded up $0.45 during trading hours on Friday, hitting $234.44. 467,637 shares of the company's stock traded hands, compared to its average volume of 127,502. Littelfuse, Inc. has a 52 week low of $222.91 and a 52 week high of $275.58. The company's fifty day simple moving average is $249.38 and its two-hundred day simple moving average is $254.71. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.62. The business had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The firm's revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.97 earnings per share. As a group, equities analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Thursday, November 21st. Littelfuse's dividend payout ratio (DPR) is presently 35.99%.

Insider Buying and Selling at Littelfuse

In related 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 owns 3,105 shares of the company's stock, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LFUS. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research note on Wednesday, October 30th. Robert W. Baird increased their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, August 29th. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Finally, Oppenheimer upgraded Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target on the stock in a research report on Thursday, October 17th. Three 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $285.00.

Littelfuse Company Profile

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.