Advisors Asset Management Inc. bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS – Get Rating) in the 2nd quarter, Holdings Channel reports. The fund bought 437 shares of the technology company’s stock, valued at approximately $111,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Pinebridge Investments L.P. bought a new stake in shares of Littelfuse during the 2nd quarter worth about $25,000. Allworth Financial LP boosted its holdings in shares of Littelfuse by 11,300.0% during the 2nd quarter. Allworth Financial LP now owns 114 shares of the technology company’s stock worth $29,000 after buying an additional 113 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Littelfuse by 370.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 127 shares of the technology company’s stock worth $31,000 after buying an additional 100 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Littelfuse in the 1st quarter worth about $33,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Littelfuse by 77.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 176 shares of the technology company’s stock worth $45,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.
Analysts Set New Price Targets
LFUS has been the subject of several analyst reports. Cowen cut shares of Littelfuse from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $295.00 to $225.00 in a research note on Thursday, November 3rd. Stifel Nicolaus dropped their price objective on shares of Littelfuse from $270.00 to $216.00 and set a “hold” rating for the company in a research note on Monday, October 10th. Jefferies Financial Group lifted their price objective on shares of Littelfuse from $254.00 to $295.00 in a research note on Tuesday. Benchmark initiated coverage on shares of Littelfuse in a research note on Wednesday, September 21st. They issued a “hold” rating for the company. Finally, StockNews.com initiated coverage on shares of Littelfuse in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, Littelfuse has a consensus rating of “Hold” and a consensus price target of $241.20.
Littelfuse Price Performance
Shares of NASDAQ:LFUS opened at $243.96 on Wednesday. The firm has a 50 day moving average of $214.89 and a 200-day moving average of $239.14. The stock has a market capitalization of $6.04 billion, a PE ratio of 18.37, a PEG ratio of 1.22 and a beta of 1.22. The company has a current ratio of 3.19, a quick ratio of 1.99 and a debt-to-equity ratio of 0.47. Littelfuse, Inc. has a 12 month low of $192.19 and a 12 month high of $326.82.
Littelfuse Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 24th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Tuesday, November 22nd. Littelfuse’s payout ratio is presently 18.07%.
Littelfuse Company Profile
Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.
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