State Street Corp Boosts Holdings in Littelfuse, Inc. (LFUS)
State Street Corp raised its position in Littelfuse, Inc. (NASDAQ:LFUS) by 4.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 744,774 shares of the technology company’s stock after purchasing an additional 31,905 shares during the period. State Street Corp owned about 3.28% of Littelfuse worth $122,894,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of LFUS. UBS Asset Management Americas Inc. grew its holdings in Littelfuse by 9.2% in the first quarter. UBS Asset Management Americas Inc. now owns 9,981 shares of the technology company’s stock valued at $1,596,000 after purchasing an additional 844 shares during the last quarter. Prudential Financial Inc. grew its holdings in Littelfuse by 22.2% in the first quarter. Prudential Financial Inc. now owns 17,692 shares of the technology company’s stock valued at $2,829,000 after purchasing an additional 3,218 shares during the last quarter. Stifel Financial Corp grew its holdings in Littelfuse by 3.3% in the first quarter. Stifel Financial Corp now owns 2,310 shares of the technology company’s stock valued at $370,000 after purchasing an additional 73 shares during the last quarter. Teachers Advisors LLC grew its holdings in Littelfuse by 2.8% in the first quarter. Teachers Advisors LLC now owns 42,205 shares of the technology company’s stock valued at $6,749,000 after purchasing an additional 1,161 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Littelfuse by 30.8% in the first quarter. Legal & General Group Plc now owns 14,587 shares of the technology company’s stock valued at $2,333,000 after purchasing an additional 3,434 shares during the last quarter. 95.57% of the stock is currently owned by institutional investors.
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Shares of Littelfuse, Inc. (NASDAQ:LFUS) opened at 207.76 on Monday. The stock has a market capitalization of $4.72 billion, a P/E ratio of 32.70 and a beta of 0.95. The stock has a 50 day moving average price of $194.84 and a 200 day moving average price of $174.66. Littelfuse, Inc. has a 12 month low of $124.32 and a 12 month high of $209.85.
Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $2.10. The business had revenue of $313.36 million for the quarter, compared to analysts’ expectations of $312.97 million. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. On average, analysts anticipate that Littelfuse, Inc. will post $7.77 EPS for the current fiscal year.
LFUS has been the topic of several research reports. BidaskClub raised Littelfuse from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Zacks Investment Research lowered Littelfuse from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Oppenheimer Holdings, Inc. upped their target price on Littelfuse from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. Robert W. Baird reissued a “buy” rating and issued a $202.00 target price on shares of Littelfuse in a report on Tuesday, September 5th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $180.00 target price on shares of Littelfuse in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Littelfuse has an average rating of “Hold” and an average target price of $198.20.
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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