New Mexico Educational Retirement Board trimmed its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 15.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,300 shares of the technology company’s stock after selling 800 shares during the period. New Mexico Educational Retirement Board’s holdings in Littelfuse were worth $761,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Littelfuse by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 258,284 shares of the technology company’s stock valued at $44,290,000 after buying an additional 20,859 shares during the last quarter. Virginia Retirement Systems ET AL grew its position in shares of Littelfuse by 20.0% in the 1st quarter. Virginia Retirement Systems ET AL now owns 7,800 shares of the technology company’s stock valued at $1,423,000 after buying an additional 1,300 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Littelfuse by 106.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 802 shares of the technology company’s stock valued at $146,000 after buying an additional 413 shares during the last quarter. Ellis Investment Partners LLC bought a new stake in shares of Littelfuse in the 1st quarter valued at about $61,000. Finally, Quadrant Capital Group LLC grew its position in shares of Littelfuse by 163.6% in the 1st quarter. Quadrant Capital Group LLC now owns 456 shares of the technology company’s stock valued at $76,000 after buying an additional 283 shares during the last quarter. Institutional investors own 98.86% of the company’s stock.
A number of equities research analysts have commented on LFUS shares. ValuEngine lowered Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barrington Research reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, May 29th. Cowen reiterated an “outperform” rating and issued a $200.00 price target (down previously from $210.00) on shares of Littelfuse in a research report on Thursday, August 1st. BidaskClub upgraded Littelfuse from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Oppenheimer dropped their price objective on Littelfuse from $215.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $207.33.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.91. The company had revenue of $397.00 million for the quarter, compared to the consensus estimate of $397.98 million. Littelfuse had a return on equity of 13.82% and a net margin of 10.15%. The firm’s revenue was down 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.68 EPS. As a group, research analysts anticipate that Littelfuse, Inc. will post 6.77 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.25%. This is an increase from Littelfuse’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, August 21st. Littelfuse’s payout ratio is currently 20.34%.
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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