Pacer Advisors Inc. raised its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 13.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,993 shares of the technology company’s stock after purchasing an additional 1,093 shares during the period. Pacer Advisors Inc.’s holdings in Littelfuse were worth $1,780,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LFUS. Alliancebernstein L.P. increased its position in shares of Littelfuse by 115.0% in the 3rd quarter. Alliancebernstein L.P. now owns 498,999 shares of the technology company’s stock worth $98,747,000 after purchasing an additional 266,946 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Littelfuse in the 2nd quarter worth about $38,505,000. Advisors Asset Management Inc. increased its position in shares of Littelfuse by 4,863.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 111,429 shares of the technology company’s stock worth $351,000 after purchasing an additional 109,184 shares during the last quarter. Giverny Capital Inc. increased its position in shares of Littelfuse by 6,792.5% in the 2nd quarter. Giverny Capital Inc. now owns 104,973 shares of the technology company’s stock worth $23,953,000 after purchasing an additional 103,450 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Littelfuse by 209.7% in the 3rd quarter. First Trust Advisors LP now owns 136,888 shares of the technology company’s stock worth $27,089,000 after purchasing an additional 92,683 shares during the last quarter. 95.67% of the stock is owned by institutional investors.
LFUS has been the subject of several research analyst reports. ValuEngine downgraded shares of Littelfuse from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Zacks Investment Research raised shares of Littelfuse from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. BidaskClub raised shares of Littelfuse from a “strong sell” rating to a “sell” rating in a report on Friday, November 2nd. CL King set a $248.00 price target on shares of Littelfuse and gave the company a “buy” rating in a report on Tuesday, September 25th. Finally, Barrington Research reaffirmed a “hold” rating on shares of Littelfuse in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $252.50.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, October 31st. The technology company reported $2.49 EPS for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.09. Littelfuse had a net margin of 7.47% and a return on equity of 17.35%. The firm had revenue of $439.20 million for the quarter, compared to the consensus estimate of $441.62 million. During the same period in the previous year, the firm posted $2.12 earnings per share. The firm’s revenue was up 38.2% on a year-over-year basis. On average, research analysts expect that Littelfuse, Inc. will post 9.57 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 6th. Investors of record on Wednesday, November 21st were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Tuesday, November 20th. Littelfuse’s payout ratio is presently 22.22%.
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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