State Street Corp Grows Stake in Littelfuse, Inc. (NASDAQ:LFUS)

State Street Corp raised its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 3.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 747,082 shares of the technology company’s stock after buying an additional 24,571 shares during the quarter. State Street Corp’s holdings in Littelfuse were worth $198,164,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in LFUS. Cetera Advisors LLC purchased a new stake in Littelfuse in the first quarter worth about $365,000. CWM LLC grew its stake in shares of Littelfuse by 410.7% in the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after buying an additional 115 shares during the last quarter. SG Americas Securities LLC increased its position in Littelfuse by 399.7% during the 2nd quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock valued at $1,204,000 after buying an additional 3,769 shares in the last quarter. Raymond James & Associates boosted its holdings in Littelfuse by 36.1% in the second quarter. Raymond James & Associates now owns 50,874 shares of the technology company’s stock worth $13,003,000 after acquiring an additional 13,495 shares in the last quarter. Finally, Freedom Day Solutions LLC grew its stake in shares of Littelfuse by 3.6% in the second quarter. Freedom Day Solutions LLC now owns 6,619 shares of the technology company’s stock worth $1,692,000 after acquiring an additional 231 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LFUS. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a report on Thursday, October 17th. Robert W. Baird raised their price target on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Stock Down 1.2 %

Shares of LFUS opened at $248.79 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26. Littelfuse, Inc. has a 1 year low of $222.91 and a 1 year high of $275.58. The business’s 50 day simple moving average is $251.40 and its 200-day simple moving average is $255.37.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.09 by $0.62. The company had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the business posted $2.97 earnings per share. As a group, equities analysts expect that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.13%. Littelfuse’s payout ratio is 35.99%.

Littelfuse Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.