Zions Bancorporation National Association UT purchased a new position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,689 shares of the technology company's stock, valued at approximately $1,316,000.
Other hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in Littelfuse by 228.2% in the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Fifth Third Bancorp boosted its stake in Littelfuse by 30.5% in the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock worth $64,000 after purchasing an additional 76 shares in the last quarter. Parallel Advisors LLC lifted its stake in Littelfuse by 105.6% during the 1st quarter. Parallel Advisors LLC now owns 333 shares of the technology company's stock valued at $66,000 after acquiring an additional 171 shares during the period. Global X Japan Co. Ltd. lifted its stake in Littelfuse by 33.5% during the 1st quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company's stock valued at $68,000 after acquiring an additional 87 shares during the period. Finally, Bayforest Capital Ltd lifted its stake in Littelfuse by 42.8% during the 1st quarter. Bayforest Capital Ltd now owns 367 shares of the technology company's stock valued at $72,000 after acquiring an additional 110 shares during the period. Institutional investors own 96.14% of the company's stock.
Analyst Upgrades and Downgrades
LFUS has been the topic of several research analyst reports. Oppenheimer lowered their target price on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Baird R W cut shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Wall Street Zen upgraded shares of Littelfuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Finally, Robert W. Baird upped their target price on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Three equities 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. Based on data from MarketBeat, Littelfuse presently has an average rating of "Moderate Buy" and an average price target of $249.67.
View Our Latest Research Report on LFUS
Littelfuse Price Performance
NASDAQ LFUS opened at $249.31 on Friday. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $275.56. The firm has a market capitalization of $6.18 billion, a P/E ratio of 51.94, a PEG ratio of 2.14 and a beta of 1.41. The company has a quick ratio of 2.98, a current ratio of 4.06 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $230.97 and a 200-day moving average price of $215.05.
Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.35 by $0.50. Littelfuse had a net margin of 5.30% and a return on equity of 9.74%. The firm had revenue of $613.41 million during the quarter, compared to analyst estimates of $571.04 million. During the same quarter in the prior year, the firm earned $1.97 EPS. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current year.
Littelfuse Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.00 annualized dividend and a yield of 1.2%. This is a positive change from Littelfuse's previous quarterly dividend of $0.70. Littelfuse's payout ratio is currently 58.33%.
Littelfuse Company Profile
(
Free Report)
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.
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