Municipal Employees Retirement System of Michigan grew its position in Littelfuse, Inc. (NASDAQ:LFUS) by 12.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,710 shares of the technology company’s stock after buying an additional 840 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Littelfuse were worth $1,605,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Littelfuse by 9.1% in the 1st quarter. BlackRock Inc. now owns 2,606,593 shares of the technology company’s stock valued at $542,641,000 after buying an additional 218,101 shares during the period. Wells Fargo & Company MN boosted its position in shares of Littelfuse by 0.7% in the 1st quarter. Wells Fargo & Company MN now owns 608,300 shares of the technology company’s stock worth $126,636,000 after purchasing an additional 4,500 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Littelfuse by 2.0% in the 1st quarter. Eagle Asset Management Inc. now owns 461,070 shares of the technology company’s stock worth $95,985,000 after purchasing an additional 8,970 shares during the last quarter. Northern Trust Corp boosted its position in shares of Littelfuse by 3.1% in the 1st quarter. Northern Trust Corp now owns 382,670 shares of the technology company’s stock worth $79,663,000 after purchasing an additional 11,536 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in shares of Littelfuse by 67.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 369,205 shares of the technology company’s stock worth $73,036,000 after purchasing an additional 149,200 shares during the last quarter. 98.01% of the stock is owned by institutional investors.
Littelfuse opened at $215.39 on Friday, MarketBeat Ratings reports. Littelfuse, Inc. has a 12-month low of $157.91 and a 12-month high of $226.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.68 and a current ratio of 3.68. The firm has a market capitalization of $5.38 billion, a PE ratio of 25.58, a P/E/G ratio of 1.88 and a beta of 1.00.
Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, May 2nd. The technology company reported $2.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.58. The firm had revenue of $417.81 million for the quarter, compared to analyst estimates of $391.22 million. Littelfuse had a return on equity of 18.83% and a net margin of 8.62%. The company’s revenue for the quarter was up 46.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.69 earnings per share. analysts forecast that Littelfuse, Inc. will post 9.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 24th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, May 23rd. This represents a $1.48 annualized dividend and a yield of 0.69%. Littelfuse’s dividend payout ratio is presently 19.12%.
LFUS has been the topic of several recent research reports. BidaskClub lowered Littelfuse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 28th. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $236.00 price target on the stock in a research report on Thursday, April 19th. ValuEngine upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Barrington Research restated a “hold” rating on shares of Littelfuse in a research report on Tuesday, May 1st. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $212.75.
In other Littelfuse news, CEO David W. Heinzmann sold 11,100 shares of Littelfuse stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $212.00, for a total transaction of $2,353,200.00. Following the transaction, the chief executive officer now directly owns 47,041 shares in the company, valued at $9,972,692. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ryan K. Stafford sold 8,027 shares of Littelfuse stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $223.36, for a total value of $1,792,910.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,526 shares of company stock worth $12,601,426. Corporate insiders own 3.80% of the company’s stock.
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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