New York State Teachers Retirement System cut its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,974 shares of the technology company’s stock after selling 2,400 shares during the period. New York State Teachers Retirement System owned approximately 0.17% of Littelfuse worth $7,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of LFUS. Bank of Montreal Can raised its stake in shares of Littelfuse by 15.1% in the 2nd quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock valued at $107,000 after purchasing an additional 85 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of Littelfuse by 16.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 677 shares of the technology company’s stock valued at $112,000 after purchasing an additional 95 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Littelfuse by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock valued at $149,000 after purchasing an additional 72 shares during the period. Advisor Group Inc. raised its stake in shares of Littelfuse by 4.6% in the 2nd quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock valued at $187,000 after purchasing an additional 54 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Littelfuse by 63.6% in the 2nd quarter. Royal Bank of Canada now owns 1,178 shares of the technology company’s stock valued at $194,000 after purchasing an additional 458 shares during the period. Hedge funds and other institutional investors own 96.55% of the company’s stock.

Shares of Littelfuse, Inc. (NASDAQ LFUS) opened at $195.09 on Friday. The stock has a market capitalization of $4,415.71, a PE ratio of 25.99, a P/E/G ratio of 1.71 and a beta of 0.93. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.53. Littelfuse, Inc. has a 12-month low of $143.71 and a 12-month high of $212.54.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.14. The firm had revenue of $317.90 million for the quarter, compared to the consensus estimate of $319.20 million. Littelfuse had a return on equity of 19.62% and a net margin of 13.12%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.87 earnings per share. research analysts expect that Littelfuse, Inc. will post 7.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 21st. Littelfuse’s dividend payout ratio (DPR) is presently 21.57%.

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A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Littelfuse from a “hold” rating to a “sell” rating in a research report on Tuesday. Robert W. Baird reaffirmed a “buy” rating and issued a $230.00 target price on shares of Littelfuse in a research report on Friday, November 3rd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, November 1st. CIBC reaffirmed a “market perform” rating on shares of Littelfuse in a research report on Friday, October 13th. Finally, UBS AG downgraded Littelfuse from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $203.80.

Littelfuse Company Profile

Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.

Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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