Townsquare Capital LLC raised its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 28.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,553 shares of the technology company’s stock after purchasing an additional 791 shares during the quarter. Townsquare Capital LLC’s holdings in Littelfuse were worth $942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of LFUS. Huntington National Bank lifted its holdings in shares of Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after acquiring an additional 64 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Littelfuse during the third quarter valued at about $27,000. CWM LLC lifted its stake in Littelfuse by 410.7% during the second quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after purchasing an additional 115 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Littelfuse by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after purchasing an additional 59 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Littelfuse by 275.0% during the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock valued at $42,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the company. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a research note on Thursday, October 17th. Robert W. Baird increased their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and boosted their price target for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $285.00.
Littelfuse Stock Performance
Littelfuse stock opened at $247.82 on Tuesday. Littelfuse, Inc. has a 1-year low of $222.91 and a 1-year high of $275.58. The firm has a market cap of $6.15 billion, a P/E ratio of 31.85, a P/E/G ratio of 2.43 and a beta of 1.28. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $253.38 and a 200-day moving average of $255.99.
Littelfuse (NASDAQ:LFUS – Get Free Report) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm had revenue of $567.39 million for the quarter, compared to analysts’ expectations of $557.38 million. During the same period in the previous year, the firm earned $2.97 earnings per share. The business’s revenue was down 6.5% compared to the same quarter last year. Sell-side analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current year.
Littelfuse Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse’s dividend payout ratio is currently 35.99%.
Insider Buying and Selling
In related news, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the sale, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This represents a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by insiders.
Littelfuse Profile
Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.
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