VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 66.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,600 shares of the technology company’s stock after acquiring an additional 1,840 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Littelfuse were worth $1,949,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Littelfuse during the 2nd quarter valued at $1,148,821,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Littelfuse in the 2nd quarter worth $185,057,000. William Blair Investment Management LLC purchased a new position in shares of Littelfuse in the second quarter worth $146,471,000. Bank of America Corp DE purchased a new position in shares of Littelfuse in the second quarter worth $115,306,000. Finally, Jupiter Topco LLC purchased a new position in shares of Littelfuse in the second quarter worth $94,552,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Littelfuse news, SVP David Ruppel sold 1,493 shares of the stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $404.57, for a total value of $604,023.01. Following the transaction, the senior vice president owned 4,720 shares of the company’s stock, valued at approximately $1,909,570.40. This represents a 24.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on LFUS shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Littelfuse in a report on Wednesday, October 28th. Oppenheimer reiterated an “outperform” rating on shares of Littelfuse in a report on Thursday, October 29th. Needham & Company LLC reissued a “buy” rating and issued a $520.00 target price on shares of Littelfuse in a research report on Wednesday, October 28th. Finally, Zacks Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $465.83.
View Our Latest Report on Littelfuse
Littelfuse Trading Up 4.6%
Shares of LFUS stock opened at $412.68 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 2.01 and a debt-to-equity ratio of 0.19. Littelfuse, Inc. has a 12-month low of $233.36 and a 12-month high of $500.57. The stock has a market capitalization of $10.48 billion, a P/E ratio of 338.27, a P/E/G ratio of 1.79 and a beta of 1.50. The firm’s 50 day moving average is $409.43 and its 200 day moving average is $400.10.
Littelfuse (NASDAQ:LFUS – Get Free Report) last announced its earnings results on Wednesday, October 28th. The technology company reported $5.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.82. The business had revenue of $795.20 million during the quarter, compared to analyst estimates of $792.49 million. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.77 EPS. Research analysts expect that Littelfuse, Inc. will post 18.37 earnings per share for the current year.
Littelfuse Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be given a dividend of $0.80 per share. 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 dividend payout ratio is 262.30%.
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.
Further Reading
- Five stocks we like better than Littelfuse
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse, Inc. (NASDAQ:LFUS – Free Report).
Receive News & Ratings for Littelfuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse and related companies with MarketBeat.com's FREE daily email newsletter.
