Littelfuse, Inc. (LFUS) Stake Lifted by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. increased its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 66.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 431,838 shares of the technology company’s stock after acquiring an additional 172,338 shares during the period. Pictet Asset Management Ltd. owned approximately 1.90% of Littelfuse worth $84,588,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Littelfuse by 9.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 117,937 shares of the technology company’s stock valued at $18,860,000 after acquiring an additional 10,632 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Littelfuse by 4.9% in the first quarter. Bank of America Corp DE now owns 115,241 shares of the technology company’s stock valued at $18,428,000 after acquiring an additional 5,366 shares in the last quarter. Century Capital Management LLC bought a new position in shares of Littelfuse in the second quarter valued at approximately $1,854,000. Legal & General Group Plc boosted its holdings in shares of Littelfuse by 22.4% in the second quarter. Legal & General Group Plc now owns 17,851 shares of the technology company’s stock valued at $2,945,000 after acquiring an additional 3,264 shares in the last quarter. Finally, KAMES CAPITAL plc bought a new position in shares of Littelfuse in the second quarter valued at approximately $26,593,000. Institutional investors and hedge funds own 96.06% of the company’s stock.
Several research analysts have recently issued reports on the stock. Oppenheimer Holdings, Inc. increased their price objective on shares of Littelfuse from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. Stifel Nicolaus reiterated a “hold” rating and issued a $175.00 price objective (up from $165.00) on shares of Littelfuse in a report on Friday, July 21st. Zacks Investment Research cut shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Tuesday. Robert W. Baird reiterated a “positive” rating and issued a $195.00 price objective (up from $187.00) on shares of Littelfuse in a report on Wednesday, July 19th. Finally, BidaskClub upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Littelfuse presently has a consensus rating of “Hold” and an average price target of $198.20.
Shares of Littelfuse, Inc. (NASDAQ:LFUS) traded up 0.34% during mid-day trading on Tuesday, reaching $210.77. 5,589 shares of the company were exchanged. Littelfuse, Inc. has a 12 month low of $131.67 and a 12 month high of $212.47. The firm has a 50-day moving average price of $198.56 and a 200 day moving average price of $177.48. The stock has a market capitalization of $4.79 billion, a P/E ratio of 33.17 and a beta of 0.95.
Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $2.10. Littelfuse had a net margin of 12.51% and a return on equity of 19.67%. The company had revenue of $313.36 million during the quarter, compared to the consensus estimate of $312.97 million. During the same period in the previous year, the firm posted $1.44 earnings per share. The company’s revenue was up 15.2% on a year-over-year basis. Equities research analysts anticipate that Littelfuse, Inc. will post $7.77 EPS for the current fiscal year.
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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