JPMorgan Chase & Co. lowered its position in Littelfuse, Inc. (NASDAQ:LFUS) by 11.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 271,658 shares of the technology company’s stock after selling 35,920 shares during the period. JPMorgan Chase & Co. owned about 1.19% of Littelfuse worth $44,823,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its holdings in Littelfuse by 9.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 117,937 shares of the technology company’s stock worth $18,860,000 after buying an additional 10,632 shares during the period. Bank of America Corp DE boosted its holdings in Littelfuse by 4.9% in the 1st quarter. Bank of America Corp DE now owns 115,241 shares of the technology company’s stock worth $18,428,000 after buying an additional 5,366 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Littelfuse by 6.9% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,005 shares of the technology company’s stock worth $2,399,000 after buying an additional 972 shares during the period. State Treasurer State of Michigan boosted its holdings in Littelfuse by 1.1% in the 1st quarter. State Treasurer State of Michigan now owns 9,200 shares of the technology company’s stock worth $1,471,000 after buying an additional 100 shares during the period. Finally, KAMES CAPITAL plc bought a new position in Littelfuse in the 2nd quarter worth $26,593,000. 96.89% of the stock is owned by institutional investors.
Shares of Littelfuse, Inc. (NASDAQ:LFUS) opened at 185.00 on Friday. The firm has a 50-day moving average of $181.79 and a 200 day moving average of $167.62. Littelfuse, Inc. has a 52 week low of $124.32 and a 52 week high of $188.60. The stock has a market cap of $4.20 billion, a PE ratio of 29.12 and a beta of 0.97.
Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.10. Littelfuse had a net margin of 12.51% and a return on equity of 19.67%. The business had revenue of $313.36 million for the quarter, compared to analyst estimates of $312.97 million. During the same quarter last year, the business earned $1.44 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, equities analysts forecast that Littelfuse, Inc. will post $7.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th were given a $0.37 dividend. This is a positive change from Littelfuse’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 0.80%. Littelfuse’s dividend payout ratio (DPR) is 23.34%.
Several research analysts recently weighed in on LFUS shares. BidaskClub raised shares of Littelfuse from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Zacks Investment Research cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. boosted their price target on shares of Littelfuse from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. Robert W. Baird reiterated a “buy” rating and issued a $202.00 price target on shares of Littelfuse in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $175.00 price target (up previously from $165.00) on shares of Littelfuse in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Littelfuse has a consensus rating of “Hold” and an average price target of $189.80.
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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