Teachers Advisors LLC Purchases 3,317 Shares of Littelfuse, Inc. (LFUS)
Teachers Advisors LLC lifted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 7.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,522 shares of the technology company’s stock after acquiring an additional 3,317 shares during the quarter. Teachers Advisors LLC owned approximately 0.20% of Littelfuse worth $7,511,000 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 LFUS. BlackRock Inc. boosted its holdings in shares of Littelfuse by 22,715.7% during the 1st quarter. BlackRock Inc. now owns 2,254,650 shares of the technology company’s stock valued at $360,542,000 after acquiring an additional 2,244,768 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Littelfuse by 97.3% during the 2nd quarter. Principal Financial Group Inc. now owns 451,428 shares of the technology company’s stock valued at $74,486,000 after acquiring an additional 222,636 shares in the last quarter. KAMES CAPITAL plc acquired a new stake in shares of Littelfuse during the 2nd quarter valued at $26,593,000. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Littelfuse by 45.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 358,678 shares of the technology company’s stock valued at $59,182,000 after acquiring an additional 111,675 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Littelfuse by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 1,847,598 shares of the technology company’s stock valued at $295,449,000 after acquiring an additional 85,750 shares in the last quarter. 95.57% of the stock is currently owned by institutional investors.
Littelfuse, Inc. (LFUS) opened at 204.10 on Friday. The firm’s 50-day moving average price is $186.93 and its 200 day moving average price is $171.29. The firm has a market capitalization of $4.64 billion, a P/E ratio of 32.12 and a beta of 0.95. Littelfuse, Inc. has a one year low of $124.32 and a one year high of $204.40.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.10. Littelfuse had a net margin of 12.51% and a return on equity of 19.67%. The business had revenue of $313.36 million during the quarter, compared to analyst estimates of $312.97 million. During the same period in the prior year, the business posted $1.44 earnings per share. The company’s revenue was up 15.2% on a year-over-year basis. On average, equities analysts anticipate that Littelfuse, Inc. will post $7.74 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.72%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, August 22nd. Littelfuse’s dividend payout ratio is presently 23.34%.
Several research analysts have commented on LFUS shares. Zacks Investment Research raised Littelfuse from a “hold” rating to a “buy” rating and set a $224.00 target price on the stock in a report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and set a $185.00 target price on shares of Littelfuse in a report on Friday. Robert W. Baird reaffirmed a “buy” rating and set a $202.00 target price on shares of Littelfuse in a report on Tuesday, September 5th. Oppenheimer Holdings, Inc. lifted their target price on Littelfuse from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. Finally, BidaskClub downgraded Littelfuse from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Littelfuse has an average rating of “Hold” and an average price target of $197.00.
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.
Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse, Inc. (NASDAQ:LFUS).
Receive News & Stock Ratings for Littelfuse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse Inc. and related stocks with our FREE daily email newsletter.