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 (SEC). The institutional investor acquired 1,513 shares of the technology company’s stock, valued at approximately $250,000.
A number of other hedge funds have also recently added to or reduced their stakes in LFUS. ING Groep NV purchased a new stake in Littelfuse during the second quarter worth $456,000. Russell Investments Group Ltd. raised its stake in Littelfuse by 18.2% in the second quarter. Russell Investments Group Ltd. now owns 63,512 shares of the technology company’s stock worth $10,479,000 after buying an additional 9,778 shares in the last quarter. First Midwest Bank Trust Division raised its stake in Littelfuse by 1.4% in the second quarter. First Midwest Bank Trust Division now owns 2,305 shares of the technology company’s stock worth $380,000 after buying an additional 31 shares in the last quarter. Copeland Capital Management LLC raised its stake in Littelfuse by 20.7% in the second quarter. Copeland Capital Management LLC now owns 145,559 shares of the technology company’s stock worth $24,017,000 after buying an additional 24,975 shares in the last quarter. Finally, Oakbrook Investments LLC purchased a new stake in Littelfuse during the second quarter worth $276,000. Institutional investors and hedge funds own 96.42% of the company’s stock.
Littelfuse, Inc. (NASDAQ LFUS) traded up 1.40% during trading on Friday, hitting $181.03. 130,550 shares of the company were exchanged. The firm’s 50 day moving average price is $175.43 and its 200-day moving average price is $164.21. The stock has a market capitalization of $4.11 billion, a PE ratio of 28.49 and a beta of 0.96. Littelfuse, Inc. has a 1-year low of $116.97 and a 1-year high of $188.60.
Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.10. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The business had revenue of $313.36 million during the quarter, compared to analyst estimates of $312.97 million. During the same quarter last year, the firm earned $1.44 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts predict that Littelfuse, Inc. will post $7.73 EPS for the current year.
Littelfuse announced that its board has approved a stock repurchase plan on Wednesday, May 3rd that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th will be paid a $0.37 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.82%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.33. Littelfuse’s dividend payout ratio (DPR) is 20.82%.
A number of analysts have recently issued reports on LFUS shares. Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a report on Friday, April 14th. BidaskClub downgraded shares of Littelfuse from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Littelfuse currently has a consensus rating of “Hold” and a consensus target price of $187.40.
In other news, SVP Dieter Roeder sold 8,490 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 7,143 shares in the company, valued at approximately $1,164,737.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Cole sold 150 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $169.23, for a total value of $25,384.50. Following the sale, the senior vice president now owns 3,985 shares in the company, valued at $674,381.55. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.
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.
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