Townsquare Capital LLC reduced its position in Littelfuse, Inc. (NASDAQ:LFUS) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,312 shares of the technology company’s stock after selling 102 shares during the period. Townsquare Capital LLC’s holdings in Littelfuse were worth $385,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of LFUS. FMR LLC lifted its position in shares of Littelfuse by 12,836.6% in the first quarter. FMR LLC now owns 26,520 shares of the technology company’s stock worth $4,839,000 after buying an additional 26,315 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of Littelfuse by 8.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 25,995 shares of the technology company’s stock worth $4,743,000 after buying an additional 2,085 shares in the last quarter. Aperio Group LLC lifted its position in shares of Littelfuse by 16.3% in the first quarter. Aperio Group LLC now owns 9,263 shares of the technology company’s stock worth $1,236,000 after buying an additional 1,299 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Littelfuse by 0.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,111 shares of the technology company’s stock worth $2,683,000 after buying an additional 144 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Littelfuse by 46.0% in the first quarter. Fifth Third Bancorp now owns 546 shares of the technology company’s stock worth $73,000 after buying an additional 172 shares in the last quarter. Institutional investors own 95.12% of the company’s stock.
LFUS has been the topic of a number of research analyst reports. Robert W. Baird boosted their target price on Littelfuse from $152.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. BidaskClub downgraded Littelfuse from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 25th. Oppenheimer restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, July 29th. Stifel Nicolaus upped their price objective on Littelfuse from $155.00 to $165.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Finally, Zacks Investment Research upgraded Littelfuse from a “sell” rating to a “hold” rating in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $193.00.
Shares of LFUS traded up $2.62 during midday trading on Tuesday, hitting $177.95. 2,021 shares of the company’s stock traded hands, compared to its average volume of 124,399. Littelfuse, Inc. has a 1 year low of $103.63 and a 1 year high of $196.00. The firm’s fifty day moving average is $182.17 and its 200-day moving average is $159.30. The company has a current ratio of 5.35, a quick ratio of 4.17 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 59.52, a price-to-earnings-growth ratio of 3.47 and a beta of 1.13.
Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.34. The company had revenue of $307.34 million during the quarter, compared to analyst estimates of $271.00 million. Littelfuse had a return on equity of 8.24% and a net margin of 5.46%. On average, equities research analysts anticipate that Littelfuse, Inc. will post 4.22 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $1.92 dividend on an annualized basis and a yield of 1.08%. Littelfuse’s dividend payout ratio (DPR) is 28.15%.
In other Littelfuse news, SVP Matthew Cole sold 200 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $182.40, for a total transaction of $36,480.00. Following the sale, the senior vice president now directly owns 4,445 shares of the company’s stock, valued at approximately $810,768. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deepak Nayar sold 2,319 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $180.46, for a total value of $418,486.74. Following the sale, the senior vice president now directly owns 10,824 shares in the company, valued at $1,953,299.04. The disclosure for this sale can be found here. Insiders sold a total of 27,373 shares of company stock valued at $5,092,696 in the last 90 days. 3.20% of the stock is currently owned by company insiders.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and 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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