Shelton Capital Management reduced its position in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,188 shares of the technology company’s stock after selling 55 shares during the quarter. Shelton Capital Management’s holdings in Littelfuse were worth $346,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Littelfuse by 0.8% in the third quarter. Vanguard Group Inc. now owns 2,506,181 shares of the technology company’s stock valued at $497,953,000 after acquiring an additional 20,538 shares during the last quarter. BlackRock Inc. increased its stake in shares of Littelfuse by 0.3% in the 1st quarter. BlackRock Inc. now owns 2,153,792 shares of the technology company’s stock valued at $577,410,000 after purchasing an additional 6,968 shares during the last quarter. Impax Asset Management Group plc raised its holdings in shares of Littelfuse by 1.7% during the 1st quarter. Impax Asset Management Group plc now owns 900,344 shares of the technology company’s stock worth $240,284,000 after buying an additional 14,782 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Littelfuse by 9.2% during the 4th quarter. Alliancebernstein L.P. now owns 690,217 shares of the technology company’s stock worth $151,986,000 after buying an additional 58,212 shares during the last quarter. Finally, State Street Corp boosted its stake in Littelfuse by 1.8% in the first quarter. State Street Corp now owns 677,812 shares of the technology company’s stock valued at $181,715,000 after buying an additional 12,100 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have commented on LFUS shares. StockNews.com started coverage on Littelfuse in a research note on Thursday, October 5th. They set a “hold” rating for the company. Robert W. Baird lowered their price objective on shares of Littelfuse from $300.00 to $290.00 in a research report on Thursday, October 12th.
Insiders Place Their Bets
In other news, SVP Matthew Cole sold 1,800 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $236.93, for a total transaction of $426,474.00. Following the completion of the transaction, the senior vice president now owns 5,530 shares of the company’s stock, valued at $1,310,222.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.
Littelfuse Stock Down 0.4 %
Shares of LFUS opened at $237.22 on Tuesday. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.68 and a beta of 1.32. Littelfuse, Inc. has a 52 week low of $211.16 and a 52 week high of $309.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.02 and a current ratio of 3.03. The stock has a fifty day moving average of $236.55 and a 200-day moving average of $260.05.
Littelfuse (NASDAQ:LFUS – Get Free Report) last posted its earnings results on Tuesday, October 31st. The technology company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.61 by $0.36. The firm had revenue of $607.07 million during the quarter, compared to the consensus estimate of $585.80 million. Littelfuse had a return on equity of 14.12% and a net margin of 12.69%. As a group, sell-side analysts anticipate that Littelfuse, Inc. will post 11.82 earnings per share for the current fiscal year.
Littelfuse Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 23rd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, November 21st. Littelfuse’s payout ratio is 21.02%.
Littelfuse Company Profile
Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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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