Neuburgh Advisers LLC Grows Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

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Neuburgh Advisers LLC increased its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 30.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,158 shares of the technology company’s stock after acquiring an additional 968 shares during the period. Neuburgh Advisers LLC’s holdings in Littelfuse were worth $736,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Manchester Capital Management LLC purchased a new position in Littelfuse in the 1st quarter worth approximately $30,000. Quantamental Technologies LLC purchased a new stake in Littelfuse in the first quarter worth $33,000. Icon Wealth Partners LLC bought a new stake in Littelfuse in the first quarter valued at $46,000. Institutional & Family Asset Management LLC boosted its holdings in Littelfuse by 243.9% in the first quarter. Institutional & Family Asset Management LLC now owns 282 shares of the technology company’s stock valued at $51,000 after acquiring an additional 200 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new stake in Littelfuse in the second quarter valued at $61,000. Institutional investors own 99.73% of the company’s stock.

NASDAQ LFUS traded up $3.89 during trading hours on Wednesday, hitting $178.20. 4,312 shares of the company’s stock traded hands, compared to its average volume of 140,701. The business’s fifty day moving average price is $163.02 and its two-hundred day moving average price is $177.36. The company has a current ratio of 3.90, a quick ratio of 2.95 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $4.20 billion, a P/E ratio of 18.92, a P/E/G ratio of 2.29 and a beta of 1.09. Littelfuse, Inc. has a 52 week low of $149.80 and a 52 week high of $225.70.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.91 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.91. The business had revenue of $397.00 million for the quarter, compared to the consensus estimate of $397.98 million. Littelfuse had a net margin of 10.15% and a return on equity of 13.82%. The company’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period last year, the firm earned $2.68 earnings per share. On average, sell-side analysts expect that Littelfuse, Inc. will post 6.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.08%. The ex-dividend date was Wednesday, August 21st. This is a positive change from Littelfuse’s previous quarterly dividend of $0.43. Littelfuse’s payout ratio is currently 20.34%.

Several research analysts have commented on the stock. ValuEngine upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Tuesday. BidaskClub raised shares of Littelfuse from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. Zacks Investment Research cut shares of Littelfuse from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Cowen reissued an “outperform” rating and issued a $200.00 price target (down from $210.00) on shares of Littelfuse in a research note on Thursday, August 1st. Finally, Barrington Research restated a “hold” rating on shares of Littelfuse in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $207.33.

Littelfuse Profile

Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and 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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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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