Public Employees Retirement Association of Colorado reduced its stake in Littelfuse Inc. (NASDAQ:LFUS) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,773 shares of the company’s stock after selling 941 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Littelfuse were worth $14,511,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. bought a new stake in shares of Littelfuse during the first quarter valued at about $119,000. BlackRock Inc. increased its stake in shares of Littelfuse by 108.1% in the first quarter. BlackRock Inc. now owns 1,617 shares of the company’s stock valued at $199,000 after buying an additional 840 shares during the period. Magnetar Financial LLC bought a new stake in shares of Littelfuse during the first quarter valued at about $254,000. First Midwest Bank Trust Division bought a new stake in shares of Littelfuse during the second quarter valued at about $265,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Littelfuse during the first quarter valued at about $295,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.
Littelfuse Inc. (NASDAQ:LFUS) traded up 1.210% during mid-day trading on Wednesday, reaching $127.555. The company had a trading volume of 47,026 shares. The company’s 50 day moving average is $126.42 and its 200 day moving average is $119.92. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 35.951 and a beta of 1.29. Littelfuse Inc. has a 52-week low of $90.61 and a 52-week high of $130.79.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.01. Littelfuse had a return on equity of 17.48% and a net margin of 8.66%. The firm had revenue of $271.90 million for the quarter, compared to analyst estimates of $271.13 million. During the same period in the previous year, the company posted $1.33 earnings per share. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. Equities analysts predict that Littelfuse Inc. will post $5.52 earnings per share for the current year.
Several analysts recently commented on the company. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a research report on Thursday, July 7th. Oppenheimer Holdings Inc. raised their target price on Littelfuse from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, September 13th. Finally, Robert W. Baird raised their target price on Littelfuse from $128.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, August 26th.
In other Littelfuse news, insider Mary S. Muchoney sold 1,996 shares of Littelfuse stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $126.75, for a total transaction of $252,993.00. Following the sale, the insider now directly owns 3,893 shares of the company’s stock, valued at $493,437.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Deepak Nayar sold 4,237 shares of Littelfuse stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $126.67, for a total value of $536,700.79. Following the sale, the vice president now directly owns 10,137 shares in the company, valued at $1,284,053.79. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Littelfuse Company Profile
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and electrical industries. The Company operates through three segments: Electronics, Automotive and Industrial. Its Electronics segment provides circuit protection components to manufacturers of a range of electronic products, including mobile phones, computers, liquid-crystal-display televisions, telecommunications equipment, medical devices, lighting products and white goods.
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