JPMorgan Chase & Co. reduced its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 10.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,923 shares of the technology company’s stock after selling 28,735 shares during the quarter. JPMorgan Chase & Co. owned 1.07% of Littelfuse worth $47,967,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in Littelfuse by 15.1% in the 2nd quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock valued at $107,000 after buying an additional 85 shares during the period. Aperio Group LLC increased its holdings in Littelfuse by 3.5% in the 2nd quarter. Aperio Group LLC now owns 6,105 shares of the technology company’s stock valued at $1,007,000 after buying an additional 206 shares during the period. US Bancorp DE increased its holdings in Littelfuse by 4.4% in the 2nd quarter. US Bancorp DE now owns 4,009 shares of the technology company’s stock valued at $662,000 after buying an additional 168 shares during the period. Russell Investments Group Ltd. increased its holdings in Littelfuse by 18.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 63,512 shares of the technology company’s stock valued at $10,479,000 after buying an additional 9,778 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in Littelfuse by 0.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 13,382 shares of the technology company’s stock valued at $2,208,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 99.17% of the company’s stock.

Shares of Littelfuse, Inc. (NASDAQ:LFUS) opened at $197.41 on Friday. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.53. Littelfuse, Inc. has a fifty-two week low of $146.94 and a fifty-two week high of $215.00. The firm has a market cap of $4,483.77, a PE ratio of 26.39, a PEG ratio of 1.74 and a beta of 0.91.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, November 1st. The technology company reported $2.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.14. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. The business had revenue of $317.90 million for the quarter, compared to analyst estimates of $319.20 million. During the same quarter in the prior year, the firm earned $1.87 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. research analysts expect that Littelfuse, Inc. will post 7.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Tuesday, November 21st. Littelfuse’s payout ratio is 21.57%.

Several equities research analysts have issued reports on LFUS shares. BidaskClub lowered shares of Littelfuse from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Oppenheimer reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating and issued a $230.00 price target on shares of Littelfuse in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $180.00 price target on shares of Littelfuse in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $211.25.

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About Littelfuse

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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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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