Jane Street Group LLC Buys 6,386 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Jane Street Group LLC grew its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 126.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,418 shares of the technology company's stock after buying an additional 6,386 shares during the period. Jane Street Group LLC's holdings in Littelfuse were worth $3,029,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LFUS. State Street Corp lifted its holdings in Littelfuse by 3.4% during the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company's stock valued at $198,164,000 after purchasing an additional 24,571 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Littelfuse by 2.0% in the third quarter. Victory Capital Management Inc. now owns 511,623 shares of the technology company's stock valued at $135,708,000 after purchasing an additional 10,119 shares during the period. Earnest Partners LLC lifted its stake in shares of Littelfuse by 2.4% during the 2nd quarter. Earnest Partners LLC now owns 444,654 shares of the technology company's stock worth $113,649,000 after buying an additional 10,406 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Littelfuse by 13.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company's stock worth $107,244,000 after buying an additional 49,588 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Littelfuse by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 303,947 shares of the technology company's stock worth $80,622,000 after buying an additional 8,195 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Price Performance

Littelfuse stock traded up $0.45 during mid-day trading on Friday, reaching $234.44. 467,637 shares of the company were exchanged, compared to its average volume of 127,502. The firm has a market cap of $5.82 billion, a PE ratio of 30.13, a PEG ratio of 2.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The company has a fifty day simple moving average of $249.38 and a 200-day simple moving average of $254.75. Littelfuse, Inc. has a 12 month low of $222.91 and a 12 month high of $275.58.

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

Littelfuse Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on LFUS. Robert W. Baird raised their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. StockNews.com raised Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday, October 30th. Finally, Oppenheimer raised Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 target price for the company in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given 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 a consensus target price of $285.00.

Insider Activity at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the sale, the chief accounting officer now directly owns 3,105 shares in the company, valued at $773,207.10. This represents a 18.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by insiders.

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.