First Citizens Bank & Trust Co. bought a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,512 shares of the technology company’s stock, valued at approximately $299,000.
Other hedge funds have also added to or reduced their stakes in the company. Turner Investments LLC purchased a new position in shares of Littelfuse during the third quarter valued at approximately $147,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Littelfuse by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock valued at $149,000 after purchasing an additional 72 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Littelfuse by 4.6% during the second 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 during the last quarter. Royal Bank of Canada lifted its holdings in shares of Littelfuse by 63.6% during the second quarter. Royal Bank of Canada now owns 1,178 shares of the technology company’s stock valued at $194,000 after purchasing an additional 458 shares during the last quarter. Finally, Intrust Bank NA purchased a new position in shares of Littelfuse during the third quarter valued at approximately $204,000. Hedge funds and other institutional investors own 99.17% of the company’s stock.
LFUS has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $230.00 target price for the company in a report on Wednesday, October 18th. Robert W. Baird reiterated a “buy” rating and set a $202.00 target price on shares of Littelfuse in a report on Thursday, October 12th. BidaskClub lowered shares of Littelfuse from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Oppenheimer reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $185.00 target price on shares of Littelfuse in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Littelfuse has a consensus rating of “Hold” and a consensus target price of $211.25.
Littelfuse, Inc. (NASDAQ:LFUS) opened at $206.45 on Friday. Littelfuse, Inc. has a 1-year low of $146.94 and a 1-year high of $215.00. The firm has a market cap of $4,601.59, a P/E ratio of 30.09, a P/E/G ratio of 1.66 and a beta of 0.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.36 and a quick ratio of 2.75.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.14. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. The company had revenue of $317.90 million during the quarter, compared to analyst estimates of $319.20 million. During the same period in the previous year, the business earned $1.87 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. analysts anticipate that Littelfuse, Inc. will post 7.57 earnings per share for the current year.
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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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