King Luther Capital Management Corp increased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,645 shares of the technology company’s stock after acquiring an additional 19,010 shares during the period. King Luther Capital Management Corp’s holdings in Littelfuse were worth $21,492,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of LFUS. Carillon Tower Advisers Inc. acquired a new stake in shares of Littelfuse during the 4th quarter worth approximately $44,855,000. OppenheimerFunds Inc. boosted its position in shares of Littelfuse by 139.6% during the 4th quarter. OppenheimerFunds Inc. now owns 351,587 shares of the technology company’s stock worth $69,550,000 after acquiring an additional 204,842 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Littelfuse during the 3rd quarter worth approximately $33,900,000. Pictet Asset Management Ltd. boosted its position in shares of Littelfuse by 66.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 431,838 shares of the technology company’s stock worth $84,588,000 after acquiring an additional 172,338 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Littelfuse by 18.8% in the 3rd quarter. Wells Fargo & Company MN now owns 704,892 shares of the technology company’s stock valued at $138,074,000 after purchasing an additional 111,483 shares during the last quarter. Institutional investors and hedge funds own 99.17% of the company’s stock.
Several brokerages recently commented on LFUS. BidaskClub raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of Littelfuse from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Robert W. Baird reissued a “buy” rating and issued a $230.00 price objective on shares of Littelfuse in a research note on Friday, November 3rd. Finally, Oppenheimer reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Littelfuse currently has a consensus rating of “Hold” and a consensus target price of $211.25.
Littelfuse, Inc. (LFUS) opened at $212.66 on Tuesday. The company has a market cap of $5,218.07, a P/E ratio of 27.22, a P/E/G ratio of 2.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.52 and a quick ratio of 2.90. Littelfuse, Inc. has a 52 week low of $149.81 and a 52 week high of $226.33.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.13. The business had revenue of $304.85 million during the quarter, compared to the consensus estimate of $299.88 million. Littelfuse had a net margin of 9.78% and a return on equity of 19.65%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 EPS. equities analysts expect that Littelfuse, Inc. will post 8.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Wednesday, February 21st. Littelfuse’s payout ratio is currently 28.52%.
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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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