Westwood Holdings Group Inc. grew its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 33.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 179,315 shares of the technology company’s stock after acquiring an additional 44,602 shares during the quarter. Westwood Holdings Group Inc. owned about 0.79% of Littelfuse worth $29,587,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its position in shares of Littelfuse by 2.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,768 shares of the technology company’s stock valued at $1,447,000 after acquiring an additional 184 shares during the period. DF Dent & Co. Inc. bought a new stake in shares of Littelfuse during the 2nd quarter valued at $211,000. The Manufacturers Life Insurance Company lifted its position in shares of Littelfuse by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,000 shares of the technology company’s stock valued at $8,250,000 after acquiring an additional 868 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of Littelfuse by 2.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,147 shares of the technology company’s stock valued at $354,000 after acquiring an additional 42 shares during the period. Finally, Earnest Partners LLC lifted its position in shares of Littelfuse by 1.2% during the 2nd quarter. Earnest Partners LLC now owns 586,957 shares of the technology company’s stock valued at $96,848,000 after acquiring an additional 6,802 shares during the period. Hedge funds and other institutional investors own 95.57% of the company’s stock.
Littelfuse, Inc. (LFUS) traded down 3.03% during trading on Friday, hitting $202.70. The stock had a trading volume of 160,409 shares. The company has a 50-day moving average of $190.28 and a 200-day moving average of $172.68. Littelfuse, Inc. has a 52 week low of $124.32 and a 52 week high of $209.85. The stock has a market capitalization of $4.60 billion, a P/E ratio of 31.90 and a beta of 0.95.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $2.10. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The business had revenue of $313.36 million for the quarter, compared to the consensus estimate of $312.97 million. During the same quarter last year, the business posted $1.44 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities analysts expect that Littelfuse, Inc. will post $7.74 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on LFUS shares. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $211.00 target price for the company in a research report on Wednesday, September 27th. Robert W. Baird reiterated a “buy” rating and set a $202.00 target price on shares of Littelfuse in a research report on Tuesday, September 5th. BidaskClub upgraded Littelfuse from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $175.00 target price (up from $165.00) on shares of Littelfuse in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $197.00.
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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