Comerica Bank grew its holdings in Littelfuse (NASDAQ:LFUS) by 9.1% during the 1st quarter, Holdings Channel reports. The firm owned 19,616 shares of the technology company’s stock after acquiring an additional 1,631 shares during the quarter. Comerica Bank’s holdings in Littelfuse were worth $4,095,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of LFUS. Bank of Montreal Can grew its position in shares of Littelfuse by 67.0% in the fourth quarter. Bank of Montreal Can now owns 1,181 shares of the technology company’s stock valued at $234,000 after purchasing an additional 474 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Littelfuse by 4.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 134,287 shares of the technology company’s stock valued at $26,565,000 after purchasing an additional 5,288 shares during the last quarter. Alta Capital Management LLC acquired a new stake in shares of Littelfuse in the fourth quarter valued at about $16,771,000. Legato Capital Management LLC acquired a new stake in shares of Littelfuse in the fourth quarter valued at about $268,000. Finally, Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Littelfuse in the fourth quarter valued at about $5,836,000. 94.87% of the stock is currently owned by institutional investors.
In related news, VP Meenal Sethna sold 3,459 shares of Littelfuse stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $210.00, for a total transaction of $726,390.00. Following the sale, the vice president now directly owns 12,693 shares of the company’s stock, valued at $2,665,530. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John E. Major sold 1,716 shares of Littelfuse stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $218.00, for a total value of $374,088.00. Following the sale, the director now directly owns 26,322 shares in the company, valued at $5,738,196. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,235 shares of company stock worth $14,429,816. 3.80% of the stock is owned by company insiders.
Several equities research analysts have recently issued reports on the company. BidaskClub raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Zacks Investment Research downgraded Littelfuse from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. ValuEngine raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Thursday, May 3rd. Finally, Barrington Research reaffirmed a “hold” rating on shares of Littelfuse in a research report on Tuesday, May 1st. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $212.75.
LFUS stock opened at $216.96 on Friday. Littelfuse has a twelve month low of $214.69 and a twelve month high of $216.68. The stock has a market cap of $5.37 billion, a P/E ratio of 28.03, a PEG ratio of 1.88 and a beta of 1.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.68 and a current ratio of 3.68.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, May 2nd. The technology company reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.58. Littelfuse had a return on equity of 18.83% and a net margin of 8.62%. The business had revenue of $417.81 million for the quarter, compared to the consensus estimate of $391.22 million. During the same period last year, the business earned $1.69 earnings per share. The firm’s revenue for the quarter was up 46.4% compared to the same quarter last year. sell-side analysts predict that Littelfuse will post 9.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 24th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, May 23rd. Littelfuse’s dividend payout ratio (DPR) is presently 19.12%.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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