Raymond James Financial Services Advisors Inc. increased its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 19.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,233 shares of the technology company’s stock after purchasing an additional 521 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Littelfuse were worth $883,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in LFUS. Lazard Asset Management LLC lifted its holdings in shares of Littelfuse by 50.0% in the second quarter. Lazard Asset Management LLC now owns 162 shares of the technology company’s stock valued at $41,000 after purchasing an additional 54 shares in the last quarter. Berman Capital Advisors LLC lifted its holdings in shares of Littelfuse by 46.6% in the second quarter. Berman Capital Advisors LLC now owns 192 shares of the technology company’s stock valued at $48,000 after purchasing an additional 61 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of Littelfuse in the second quarter valued at approximately $86,000. Signaturefd LLC lifted its holdings in Littelfuse by 37.9% during the third quarter. Signaturefd LLC now owns 451 shares of the technology company’s stock worth $123,000 after acquiring an additional 124 shares during the period. Finally, McCollum Christoferson Group LLC bought a new stake in Littelfuse during the third quarter worth $202,000. 93.80% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO David W. Heinzmann sold 9,867 shares of the business’s stock in a transaction dated Thursday, October 21st. The stock was sold at an average price of $294.00, for a total transaction of $2,900,898.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey G. Gorski sold 329 shares of the business’s stock in a transaction dated Tuesday, November 2nd. The stock was sold at an average price of $310.39, for a total value of $102,118.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,137 shares of company stock valued at $13,726,692. 2.70% of the stock is owned by company insiders.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, October 26th. The technology company reported $3.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.15 by $0.80. The company had revenue of $539.60 million during the quarter, compared to analysts’ expectations of $518.81 million. Littelfuse had a return on equity of 17.85% and a net margin of 15.09%. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.16 earnings per share. As a group, analysts anticipate that Littelfuse, Inc. will post 12.94 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 2nd. Stockholders of record on Thursday, November 18th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Wednesday, November 17th. Littelfuse’s dividend payout ratio (DPR) is presently 18.12%.
A number of brokerages recently commented on LFUS. Stifel Nicolaus lifted their price target on Littelfuse from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, December 3rd. Zacks Investment Research lowered Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 29th. Finally, Cowen raised their target price on Littelfuse from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $303.60.
Littelfuse, Inc engages in the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Automotive, and Industrial. The Electronics segment includes the broadest and deepest portfolio of overvoltage and overcurrent solutions.
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