Gamco Investors INC. ET AL lowered its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,000 shares of the technology company’s stock after selling 1,000 shares during the period. Gamco Investors INC. ET AL owned about 0.26% of Littelfuse worth $12,863,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in LFUS. UBS Group AG grew its stake in shares of Littelfuse by 79.1% in the 1st quarter. UBS Group AG now owns 4,035 shares of the technology company’s stock worth $840,000 after purchasing an additional 1,782 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Littelfuse by 9.0% in the 1st quarter. Principal Financial Group Inc. now owns 510,370 shares of the technology company’s stock worth $106,250,000 after purchasing an additional 42,080 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Littelfuse in the 2nd quarter worth approximately $554,000. Xact Kapitalforvaltning AB grew its stake in shares of Littelfuse by 12.6% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 3,565 shares of the technology company’s stock worth $813,000 after purchasing an additional 400 shares during the last quarter. Finally, Bremer Trust National Association acquired a new position in shares of Littelfuse in the 2nd quarter worth approximately $212,000. 97.92% of the stock is currently owned by institutional investors.
Shares of LFUS opened at $185.50 on Friday. Littelfuse, Inc. has a one year low of $163.43 and a one year high of $238.10. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 1.61 and a beta of 0.95. The company has a quick ratio of 2.65, a current ratio of 3.46 and a debt-to-equity ratio of 0.45.
Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, October 31st. The technology company reported $2.49 EPS for the quarter, topping the consensus estimate of $2.40 by $0.09. Littelfuse had a net margin of 7.47% and a return on equity of 17.35%. The company had revenue of $439.20 million during the quarter, compared to analysts’ expectations of $441.62 million. During the same period last year, the company posted $2.12 earnings per share. The business’s revenue for the quarter was up 38.2% on a year-over-year basis. As a group, analysts anticipate that Littelfuse, Inc. will post 9.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, November 20th. Littelfuse’s payout ratio is 22.22%.
Several brokerages have recently issued reports on LFUS. CL King set a $248.00 price objective on shares of Littelfuse and gave the stock a “buy” rating in a research note on Tuesday, September 25th. ValuEngine cut shares of Littelfuse from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Zacks Investment Research cut shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Friday, July 20th. BidaskClub cut shares of Littelfuse from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 21st. Finally, Barrington Research reiterated a “hold” rating on shares of Littelfuse in a report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $252.50.
In related news, Director Nathan Zommer sold 592 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $221.23, for a total transaction of $130,968.16. Following the completion of the sale, the director now directly owns 461,086 shares in the company, valued at $102,006,055.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey G. Gorski sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $222.93, for a total transaction of $78,025.50. Following the sale, the insider now owns 3,475 shares of the company’s stock, valued at $774,681.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,034 shares of company stock valued at $3,344,436. Corporate insiders own 3.80% of the company’s stock.
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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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