Alpine Woods Capital Investors LLC acquired a new stake in Littelfuse, Inc. (NASDAQ:LFUS) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,210 shares of the technology company’s stock, valued at approximately $1,021,000.
Several other institutional investors and hedge funds have also modified their holdings of LFUS. Teachers Advisors LLC increased its stake in shares of Littelfuse by 2.8% in the 1st quarter. Teachers Advisors LLC now owns 42,205 shares of the technology company’s stock valued at $6,749,000 after purchasing an additional 1,161 shares during the last quarter. Capstone Asset Management Co. grew its position in Littelfuse by 8.2% during the 2nd quarter. Capstone Asset Management Co. now owns 2,769 shares of the technology company’s stock worth $457,000 after acquiring an additional 210 shares during the last quarter. Bank of Montreal Can grew its position in Littelfuse by 15.1% during the 2nd quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock worth $107,000 after acquiring an additional 85 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Littelfuse by 4.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 8,242 shares of the technology company’s stock worth $1,360,000 after acquiring an additional 316 shares during the last quarter. Finally, LS Investment Advisors LLC grew its position in Littelfuse by 17.2% during the 2nd quarter. LS Investment Advisors LLC now owns 2,212 shares of the technology company’s stock worth $365,000 after acquiring an additional 325 shares during the last quarter. Institutional investors own 99.17% of the company’s stock.
A number of equities research analysts recently weighed in on LFUS shares. Robert W. Baird restated a “buy” rating and set a $202.00 price objective on shares of Littelfuse in a research report on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $180.00 target price on shares of Littelfuse in a report on Tuesday, September 12th. Zacks Investment Research downgraded Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, September 23rd. UBS downgraded Littelfuse from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Finally, Oppenheimer downgraded Littelfuse from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $211.25.
Shares of Littelfuse, Inc. (NASDAQ LFUS) traded up $4.03 on Thursday, reaching $196.20. The company’s stock had a trading volume of 138,774 shares, compared to its average volume of 136,130. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.36 and a quick ratio of 2.75. The company has a market cap of $4,418.21, a price-to-earnings ratio of 26.00, a P/E/G ratio of 1.71 and a beta of 0.91. Littelfuse, Inc. has a 1 year low of $146.94 and a 1 year high of $215.00.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, November 1st. The technology company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.14. The company had revenue of $317.90 million during the quarter, compared to analyst estimates of $319.20 million. Littelfuse had a return on equity of 19.62% and a net margin of 13.12%. Littelfuse’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 earnings per share. analysts expect that Littelfuse, Inc. will post 7.57 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 21st. Littelfuse’s dividend payout ratio (DPR) is 21.57%.
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Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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