State Street Corp Grows Stake in Littelfuse, Inc. (NASDAQ:LFUS)

State Street Corp grew its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 3.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 747,082 shares of the technology company's stock after acquiring an additional 24,571 shares during the period. State Street Corp owned about 3.01% of Littelfuse worth $198,164,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LFUS. SG Americas Securities LLC increased its position in Littelfuse by 399.7% during the 2nd quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company's stock valued at $1,204,000 after purchasing an additional 3,769 shares during the period. Chesapeake Capital Corp IL acquired a new stake in shares of Littelfuse during the third quarter worth $570,000. Thrivent Financial for Lutherans raised its position in shares of Littelfuse by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company's stock worth $73,781,000 after acquiring an additional 3,831 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of 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 buying an additional 58,529 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Littelfuse by 3.4% during the 2nd quarter. Federated Hermes Inc. now owns 209,976 shares of the technology company's stock worth $53,668,000 after buying an additional 6,814 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Oppenheimer raised shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 target price on the stock in a research note on Thursday, October 17th. StockNews.com raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Robert W. Baird boosted their target price on Littelfuse from $300.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. Finally, Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $285.00.

Littelfuse Stock Down 1.0 %

Shares of LFUS traded down $2.49 on Friday, reaching $246.30. The company's stock had a trading volume of 77,170 shares, compared to its average volume of 126,448. The stock has a market capitalization of $6.11 billion, a PE ratio of 31.66, a PEG ratio of 2.48 and a beta of 1.26. 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, Inc. has a twelve month low of $222.91 and a twelve month high of $275.58. The firm has a fifty day moving average of $251.40 and a 200-day moving average of $255.37.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, beating 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 analyst estimates of $557.38 million. During the same quarter last year, the company earned $2.97 earnings per share. The company's revenue for the quarter was down 6.5% on a year-over-year basis. Equities analysts predict that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a $0.70 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.14%. Littelfuse's dividend payout ratio is currently 35.99%.

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.