ProShare Advisors LLC lessened its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 2.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 82,837 shares of the technology company’s stock after selling 1,699 shares during the period. ProShare Advisors LLC’s holdings in Littelfuse were worth $35,101,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc raised its stake in shares of Littelfuse by 168.0% in the third quarter. Versant Capital Management Inc now owns 67 shares of the technology company’s stock worth $28,000 after buying an additional 42 shares during the period. Caitlin John LLC purchased a new position in shares of Littelfuse during the 2nd quarter valued at about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Littelfuse during the 2nd quarter valued at about $51,000. Root Financial Partners LLC purchased a new position in shares of Littelfuse during the 3rd quarter valued at about $51,000. Finally, NBH Bank bought a new position in shares of Littelfuse during the 2nd quarter valued at approximately $78,000. Institutional investors own 96.14% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on LFUS shares. Needham & Company LLC reissued a “buy” rating and issued a $520.00 target price on shares of Littelfuse in a report on Wednesday, October 28th. Oppenheimer restated an “outperform” rating on shares of Littelfuse in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Littelfuse in a report on Wednesday. Finally, Zacks Research downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and a consensus price target of $465.83.
View Our Latest Stock Report on Littelfuse
Littelfuse Stock Performance
Shares of LFUS opened at $393.08 on Monday. The firm has a market cap of $9.98 billion, a P/E ratio of 322.20, a price-to-earnings-growth ratio of 1.78 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.67 and a quick ratio of 2.01. Littelfuse, Inc. has a 1 year low of $233.36 and a 1 year high of $500.57. The company has a 50 day simple moving average of $409.60 and a two-hundred day simple moving average of $398.87.
Littelfuse (NASDAQ:LFUS – Get Free Report) last released its earnings results on Wednesday, October 28th. The technology company reported $5.79 EPS for the quarter, topping the consensus estimate of $4.97 by $0.82. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The firm had revenue of $795.20 million for the quarter, compared to the consensus estimate of $792.49 million. During the same quarter in the previous year, the firm earned $2.77 earnings per share. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. On average, equities analysts expect that Littelfuse, Inc. will post 18.37 earnings per share for the current fiscal year.
Littelfuse Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, November 19th. Littelfuse’s payout ratio is currently 262.30%.
Insider Transactions at Littelfuse
In other Littelfuse news, SVP David Ruppel sold 1,493 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $404.57, for a total value of $604,023.01. Following the sale, the senior vice president owned 4,720 shares in the company, valued at $1,909,570.40. The trade was a 24.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.
Littelfuse Profile
Littelfuse, Inc is a diversified industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes fuses and other circuit-protection devices, power semiconductor products, relays, switches, sensors and related electronic components.
The company serves customers in the automotive, commercial vehicle, industrial, electronics, energy and communications markets. Its products are used in applications such as vehicle electrification, battery systems, industrial equipment, power distribution, renewable energy systems, data infrastructure and consumer electronics.
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