Littelfuse, Inc. (NASDAQ:LFUS) Shares Bought by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lifted its position in Littelfuse, Inc. (NASDAQ:LFUS) by 6.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 193,719 shares of the technology company’s stock after buying an additional 10,972 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Littelfuse were worth $51,384,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LFUS. State Street Corp grew its stake in shares of Littelfuse by 3.4% in the third quarter. State Street Corp now owns 747,082 shares of the technology company’s stock worth $198,164,000 after acquiring an additional 24,571 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Littelfuse by 2.0% during the 3rd quarter. Victory Capital Management Inc. now owns 511,623 shares of the technology company’s stock worth $135,708,000 after purchasing an additional 10,119 shares during the period. Earnest Partners LLC raised its position in Littelfuse by 2.4% in the 2nd quarter. Earnest Partners LLC now owns 444,654 shares of the technology company’s stock valued at $113,649,000 after purchasing an additional 10,406 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Littelfuse by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock valued at $114,607,000 after buying an additional 1,525 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Littelfuse by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock worth $107,244,000 after buying an additional 49,588 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LFUS shares. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a research note on Thursday, October 17th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Robert W. Baird raised their price target on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Littelfuse currently has a consensus rating of “Moderate Buy” and an average price target of $285.00.

Littelfuse Stock Down 1.0 %

LFUS opened at $246.30 on Friday. Littelfuse, Inc. has a one year low of $222.91 and a one year high of $275.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The stock has a market capitalization of $6.11 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. The business’s 50-day simple moving average is $251.16 and its 200-day simple moving average is $255.26.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.62. The company had revenue of $567.39 million during the quarter, compared to analysts’ expectations of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.97 earnings per share. Analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.70 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.14%. Littelfuse’s dividend payout ratio is presently 35.99%.

About Littelfuse

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.