Keybank National Association OH decreased its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 11.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,545 shares of the technology company’s stock after selling 704 shares during the quarter. Keybank National Association OH’s holdings in Littelfuse were worth $1,086,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Suntrust Banks Inc. lifted its position in Littelfuse by 1.1% in the 2nd quarter. Suntrust Banks Inc. now owns 2,486 shares of the technology company’s stock worth $409,000 after buying an additional 26 shares in the last quarter. First Midwest Bank Trust Division raised its holdings in shares of Littelfuse by 1.4% during the 2nd quarter. First Midwest Bank Trust Division now owns 2,305 shares of the technology company’s stock valued at $380,000 after purchasing an additional 31 shares in the last quarter. World Asset Management Inc raised its holdings in shares of Littelfuse by 2.7% during the 2nd quarter. World Asset Management Inc now owns 1,430 shares of the technology company’s stock valued at $236,000 after purchasing an additional 37 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Littelfuse by 2.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,147 shares of the technology company’s stock valued at $354,000 after purchasing an additional 42 shares in the last quarter. Finally, Advisor Group Inc. raised its holdings in shares of Littelfuse by 4.6% during the 2nd quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock valued at $187,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 96.06% of the company’s stock.
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A number of research firms have recently weighed in on LFUS. Oppenheimer Holdings, Inc. raised their price target on shares of Littelfuse from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. Stifel Nicolaus restated a “hold” rating and set a $175.00 price target (up previously from $165.00) on shares of Littelfuse in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a report on Wednesday, September 27th. Robert W. Baird restated a “positive” rating and set a $195.00 price target (up previously from $187.00) on shares of Littelfuse in a report on Wednesday, July 19th. Finally, UBS AG downgraded shares of Littelfuse from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $203.80.
Littelfuse, Inc. (NASDAQ LFUS) opened at $195.25 on Tuesday. The company has a market cap of $4,445.69, a price-to-earnings ratio of 26.17, a P/E/G ratio of 1.72 and a beta of 0.93. Littelfuse, Inc. has a twelve month low of $144.01 and a twelve month high of $212.54. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.53.
Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, November 1st. The technology company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.98 by $0.14. The firm had revenue of $317.90 million for the quarter, compared to the consensus estimate of $319.20 million. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 EPS. analysts expect that Littelfuse, Inc. will post 7.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a $0.37 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $1.48 annualized dividend and a yield of 0.76%. Littelfuse’s dividend payout ratio (DPR) is presently 21.57%.
Littelfuse Company Profile
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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