New York State Common Retirement Fund Acquires 5,344 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

New York State Common Retirement Fund raised its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 3.9% in the third quarter, HoldingsChannel reports. The firm owned 141,157 shares of the technology company’s stock after buying an additional 5,344 shares during the quarter. New York State Common Retirement Fund’s holdings in Littelfuse were worth $37,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. SG Americas Securities LLC raised its holdings in shares of Littelfuse by 399.7% during the second quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock valued at $1,204,000 after acquiring an additional 3,769 shares in the last quarter. Entropy Technologies LP lifted its position in shares of Littelfuse by 407.9% in the 1st quarter. Entropy Technologies LP now owns 6,186 shares of the technology company’s stock worth $1,499,000 after purchasing an additional 4,968 shares during the period. Lord Abbett & CO. LLC lifted its position in shares of Littelfuse by 88.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock worth $40,278,000 after purchasing an additional 78,153 shares during the period. Vanguard Group Inc. boosted its stake in shares of Littelfuse by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock valued at $649,442,000 after purchasing an additional 17,119 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Littelfuse by 27.3% during the first quarter. Nordea Investment Management AB now owns 215,944 shares of the technology company’s stock valued at $52,334,000 after buying an additional 46,361 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on LFUS shares. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Robert W. Baird raised their target price on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and upped their price target for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday. Finally, TD Cowen boosted their target price on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Littelfuse currently has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Stock Up 2.0 %

Shares of NASDAQ:LFUS opened at $249.44 on Friday. The company has a current ratio of 3.55, a quick ratio of 2.42 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $257.63 and a two-hundred day simple moving average of $254.90. Littelfuse, Inc. has a 12-month low of $222.91 and a 12-month high of $275.58. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.47 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. During the same quarter in the previous year, the firm earned $2.97 EPS. Littelfuse’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, research analysts anticipate that Littelfuse, Inc. will post 8.25 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, November 21st. Littelfuse’s payout ratio is 35.99%.

Insider Activity at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total transaction of $574,293.15. Following the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,383,971.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the transaction, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,383,971.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,242 shares of company stock valued at $3,318,974 over the last 90 days. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, 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.