Bayesian Capital Management LP Invests $226,000 in Littelfuse, Inc. (LFUS)
Bayesian Capital Management LP bought a new position in Littelfuse, Inc. (NASDAQ:LFUS) in the second quarter, according to its most recent filing with the SEC. The firm bought 1,368 shares of the technology company’s stock, valued at approximately $226,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its stake in Littelfuse by 4.6% in the 2nd quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock worth $187,000 after purchasing an additional 54 shares in the last quarter. Nordea Investment Management AB purchased a new stake in Littelfuse during the 2nd quarter worth approximately $1,870,000. Suntrust Banks Inc. increased its stake in Littelfuse by 1.1% during the 2nd quarter. Suntrust Banks Inc. now owns 2,486 shares of the technology company’s stock valued at $409,000 after purchasing an additional 26 shares in the last quarter. California Public Employees Retirement System increased its stake in Littelfuse by 2.3% during the 2nd quarter. California Public Employees Retirement System now owns 57,400 shares of the technology company’s stock valued at $9,471,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Littelfuse by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,878,924 shares of the technology company’s stock valued at $310,023,000 after purchasing an additional 31,326 shares in the last quarter. Institutional investors own 95.57% of the company’s stock.
Shares of Littelfuse, Inc. (NASDAQ LFUS) opened at 196.39 on Wednesday. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 30.91 and a beta of 0.95. The company has a 50-day moving average price of $185.25 and a 200-day moving average price of $170.58. Littelfuse, Inc. has a 12 month low of $124.32 and a 12 month high of $199.26.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.10. The firm had revenue of $313.36 million during the quarter, compared to the consensus estimate of $312.97 million. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 EPS. On average, analysts expect that Littelfuse, Inc. will post $7.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.75%. The ex-dividend date was Tuesday, August 22nd. This is a boost from Littelfuse’s previous quarterly dividend of $0.33. Littelfuse’s payout ratio is 23.34%.
A number of research firms have issued reports on LFUS. Zacks Investment Research cut shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus reiterated a “hold” rating and set a $180.00 price objective on shares of Littelfuse in a research note on Tuesday, September 12th. Robert W. Baird reissued a “buy” rating and set a $202.00 price objective on shares of Littelfuse in a report on Tuesday, September 5th. Oppenheimer Holdings, Inc. boosted their price objective on shares of Littelfuse from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. Finally, BidaskClub downgraded Littelfuse from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $193.40.
Littelfuse Company Profile
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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