Campbell & CO Investment Adviser LLC acquired a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,513 shares of the technology company’s stock, valued at approximately $250,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. First Midwest Bank Trust Division raised its position in Littelfuse by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 2,274 shares of the technology company’s stock worth $364,000 after buying an additional 73 shares in the last quarter. Nationwide Fund Advisors raised its position in Littelfuse by 1.0% in the first quarter. Nationwide Fund Advisors now owns 103,886 shares of the technology company’s stock worth $16,612,000 after buying an additional 1,076 shares in the last quarter. First National Bank of Omaha raised its position in Littelfuse by 15.9% in the first quarter. First National Bank of Omaha now owns 27,970 shares of the technology company’s stock worth $4,473,000 after buying an additional 3,847 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Littelfuse by 6.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,005 shares of the technology company’s stock worth $2,399,000 after buying an additional 972 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Littelfuse by 4.9% in the first quarter. Bank of America Corp DE now owns 115,241 shares of the technology company’s stock worth $18,428,000 after buying an additional 5,366 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.
Shares of Littelfuse, Inc. (LFUS) opened at 181.33 on Wednesday. The stock has a 50 day moving average of $170.87 and a 200 day moving average of $162.63. Littelfuse, Inc. has a one year low of $114.76 and a one year high of $188.19. The stock has a market cap of $4.11 billion, a P/E ratio of 33.33 and a beta of 0.95.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, May 3rd. The technology company reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.05. Littelfuse had a net margin of 11.06% and a return on equity of 18.47%. The business had revenue of $285.44 million for the quarter, compared to analysts’ expectations of $284.95 million. During the same quarter last year, the company earned $1.38 EPS. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. Equities analysts expect that Littelfuse, Inc. will post $7.47 EPS for the current fiscal year.
Littelfuse announced that its board has authorized a share buyback program on Wednesday, May 3rd that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
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LFUS has been the topic of a number of recent research reports. BidaskClub upgraded shares of Littelfuse from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Zacks Investment Research lowered shares of Littelfuse from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $187.40.
In related news, SVP Deepak Nayar sold 9,545 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $164.58, for a total value of $1,570,916.10. Following the sale, the senior vice president now owns 5,141 shares of the company’s stock, valued at approximately $846,105.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Dieter Roeder sold 8,490 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $163.06, for a total transaction of $1,384,379.40. Following the completion of the sale, the senior vice president now directly owns 7,143 shares in the company, valued at approximately $1,164,737.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,781 shares of company stock worth $3,079,622. Corporate insiders own 1.80% of the company’s stock.
About Littelfuse
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.
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