Oak Ridge Investments LLC Lowers Position in Littelfuse, Inc. (LFUS)
Oak Ridge Investments LLC trimmed its position in Littelfuse, Inc. (NASDAQ:LFUS) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,272 shares of the technology company’s stock after selling 7,846 shares during the quarter. Oak Ridge Investments LLC owned approximately 0.65% of Littelfuse worth $28,848,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Suntrust Banks Inc. boosted its holdings in Littelfuse by 1.1% during the second quarter. Suntrust Banks Inc. now owns 2,486 shares of the technology company’s stock worth $409,000 after buying an additional 26 shares during the last quarter. First Midwest Bank Trust Division boosted its holdings in Littelfuse by 1.4% during the second quarter. First Midwest Bank Trust Division now owns 2,305 shares of the technology company’s stock worth $380,000 after buying an additional 31 shares during the last quarter. World Asset Management Inc boosted its holdings in Littelfuse by 2.7% during the second quarter. World Asset Management Inc now owns 1,430 shares of the technology company’s stock worth $236,000 after buying an additional 37 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Littelfuse by 2.0% during the second quarter. Cubist Systematic Strategies LLC now owns 2,147 shares of the technology company’s stock worth $354,000 after buying an additional 42 shares during the last quarter. Finally, Advisor Group Inc. boosted its holdings in Littelfuse by 4.6% during the second quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock worth $187,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.
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Littelfuse, Inc. (NASDAQ:LFUS) traded down $0.56 during trading hours on Thursday, hitting $198.33. The stock had a trading volume of 154,700 shares, compared to its average volume of 136,065. Littelfuse, Inc. has a fifty-two week low of $144.01 and a fifty-two week high of $212.54. 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 $4,517.46, a PE ratio of 26.59, a PEG ratio of 1.75 and a beta of 0.93.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $2.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.14. Littelfuse had a return on equity of 19.62% and a net margin of 13.12%. The business had revenue of $317.90 million for the quarter, compared to analysts’ expectations of $319.20 million. During the same quarter in the previous year, the business posted $1.87 EPS. Littelfuse’s revenue for the quarter was up 13.4% on a year-over-year basis. equities analysts anticipate that Littelfuse, Inc. will post 7.57 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, November 21st. Littelfuse’s payout ratio is 21.57%.
A number of brokerages have issued reports on LFUS. Oppenheimer Holdings, Inc. raised 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. Stifel Nicolaus restated a “hold” rating and set a $175.00 target price (up previously from $165.00) on shares of Littelfuse in a report on Friday, July 21st. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a report on Wednesday, September 27th. Robert W. Baird restated a “positive” rating and set a $195.00 target price (up previously from $187.00) on shares of Littelfuse in a report on Wednesday, July 19th. Finally, UBS AG cut Littelfuse from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $203.80.
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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