Headlands Technologies LLC Purchases New Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Headlands Technologies LLC acquired a new stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,022 shares of the technology company's stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its holdings in Littelfuse by 228.2% in the first quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock valued at $25,000 after purchasing an additional 89 shares during the last quarter. Fifth Third Bancorp increased its holdings in Littelfuse by 30.5% in the first quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock valued at $64,000 after purchasing an additional 76 shares during the last quarter. Parallel Advisors LLC increased its holdings in Littelfuse by 105.6% in the first quarter. Parallel Advisors LLC now owns 333 shares of the technology company's stock valued at $66,000 after purchasing an additional 171 shares during the last quarter. Global X Japan Co. Ltd. increased its holdings in Littelfuse by 33.5% in the first quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company's stock valued at $68,000 after purchasing an additional 87 shares during the last quarter. Finally, Bayforest Capital Ltd increased its holdings in Littelfuse by 42.8% in the first quarter. Bayforest Capital Ltd now owns 367 shares of the technology company's stock valued at $72,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 96.14% of the company's stock.

Littelfuse Stock Up 4.0%

Shares of LFUS stock traded up $9.84 on Tuesday, hitting $255.25. 139,179 shares of the stock were exchanged, compared to its average volume of 210,267. The company has a current ratio of 4.06, a quick ratio of 2.98 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $6.33 billion, a P/E ratio of 53.18, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41. The business has a 50-day moving average of $232.68 and a 200 day moving average of $215.26. Littelfuse, Inc. has a fifty-two week low of $142.10 and a fifty-two week high of $275.56.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.50. Littelfuse had a return on equity of 9.74% and a net margin of 5.30%. The company had revenue of $613.41 million during the quarter, compared to analysts' expectations of $571.04 million. During the same period in the prior year, the firm earned $1.97 earnings per share. Littelfuse's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.2%. This is a boost from Littelfuse's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, August 21st. Littelfuse's payout ratio is currently 58.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LFUS shares. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Robert W. Baird increased their price target on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Oppenheimer lowered their price target on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Finally, Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $249.67.

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.