Pinebridge Investments L.P. trimmed its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 42.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,407 shares of the technology company’s stock after selling 3,285 shares during the quarter. Pinebridge Investments L.P.’s holdings in Littelfuse were worth $863,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can increased its stake in Littelfuse by 15.1% during the 2nd quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock worth $107,000 after purchasing an additional 85 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Littelfuse by 16.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 677 shares of the technology company’s stock worth $112,000 after purchasing an additional 95 shares in the last quarter. Turner Investments LLC bought a new stake in Littelfuse during the 3rd quarter worth approximately $147,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Littelfuse by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock worth $149,000 after purchasing an additional 72 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in Littelfuse by 4.6% during the 2nd quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock worth $187,000 after purchasing an additional 54 shares in the last quarter. 99.17% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on LFUS. BidaskClub cut Littelfuse from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research cut Littelfuse from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Robert W. Baird reissued a “buy” rating and set a $230.00 target price on shares of Littelfuse in a research note on Friday, November 3rd. Oppenheimer reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, November 1st. Finally, CIBC reaffirmed a “market perform” rating on shares of Littelfuse in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $211.25.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.14. The company had revenue of $317.90 million during the quarter, compared to analysts’ expectations of $319.20 million. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the business earned $1.87 EPS. equities research analysts predict that Littelfuse, Inc. will post 7.57 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.48 annualized dividend and a dividend yield of 0.75%. Littelfuse’s dividend payout ratio is currently 21.57%.
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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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