ETF Managers Group LLC increased its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 624.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,874 shares of the technology company’s stock after buying an additional 3,339 shares during the period. ETF Managers Group LLC’s holdings in Littelfuse were worth $664,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in shares of Littelfuse by 4,863.4% during the second quarter. Advisors Asset Management Inc. now owns 111,429 shares of the technology company’s stock valued at $351,000 after purchasing an additional 109,184 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Littelfuse by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 554,507 shares of the technology company’s stock valued at $126,527,000 after buying an additional 11,476 shares during the last quarter. Atria Investments LLC raised its stake in Littelfuse by 22.5% during the third quarter. Atria Investments LLC now owns 1,647 shares of the technology company’s stock valued at $326,000 after buying an additional 302 shares during the last quarter. We Are One Seven LLC purchased a new position in Littelfuse during the third quarter valued at $259,000. Finally, State of Alaska Department of Revenue raised its stake in Littelfuse by 18.2% during the third quarter. State of Alaska Department of Revenue now owns 2,872 shares of the technology company’s stock valued at $568,000 after buying an additional 442 shares during the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.
In other news, Director William P. Noglows sold 578 shares of the business’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $182.50, for a total value of $105,485.00. Following the completion of the transaction, the director now owns 22,608 shares in the company, valued at $4,125,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Cole sold 170 shares of the business’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $183.40, for a total value of $31,178.00. Following the completion of the transaction, the senior vice president now owns 3,993 shares of the company’s stock, valued at approximately $732,316.20. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, January 30th. The technology company reported $1.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by ($0.13). Littelfuse had a return on equity of 16.12% and a net margin of 9.58%. The business had revenue of $402.30 million during the quarter, compared to analysts’ expectations of $413.77 million. During the same quarter in the prior year, the firm earned $1.81 EPS. The firm’s revenue for the quarter was up 31.9% compared to the same quarter last year. As a group, research analysts anticipate that Littelfuse, Inc. will post 9.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 21st will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, February 20th. Littelfuse’s dividend payout ratio is currently 18.22%.
A number of research analysts have issued reports on LFUS shares. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 price objective for the company in a research note on Tuesday, January 8th. Zacks Investment Research upgraded Littelfuse from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Barrington Research reiterated a “hold” rating on shares of Littelfuse in a research note on Monday, October 29th. BidaskClub upgraded Littelfuse from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. Finally, ValuEngine upgraded Littelfuse from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Littelfuse presently has an average rating of “Buy” and an average target price of $227.00.
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Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as 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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