Grandeur Peak Global Advisors LLC decreased its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,200 shares of the technology company’s stock after selling 2,350 shares during the period. Grandeur Peak Global Advisors LLC owned approximately 0.06% of Littelfuse worth $3,697,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of LFUS. Summit Trail Advisors LLC boosted its position in shares of Littelfuse by 12,458.6% in the first quarter. Summit Trail Advisors LLC now owns 126,088 shares of the technology company’s stock worth $126,000 after buying an additional 125,084 shares during the period. Cigna Investments Inc. New purchased a new stake in shares of Littelfuse in the first quarter worth about $205,000. Gideon Capital Advisors Inc. purchased a new stake in shares of Littelfuse in the second quarter worth about $205,000. CIBC Asset Management Inc purchased a new stake in shares of Littelfuse in the second quarter worth about $205,000. Finally, Bremer Trust National Association purchased a new stake in shares of Littelfuse in the second quarter worth about $212,000. 97.44% of the stock is owned by institutional investors.
In other Littelfuse news, Director John E. Major sold 645 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $228.77, for a total transaction of $147,556.65. Following the sale, the director now owns 23,994 shares in the company, valued at $5,489,107.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nathan Zommer sold 592 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $221.23, for a total value of $130,968.16. Following the sale, the director now owns 461,086 shares in the company, valued at approximately $102,006,055.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,444 shares of company stock worth $8,849,246. Insiders own 3.80% of the company’s stock.
LFUS has been the subject of several analyst reports. BidaskClub raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Tuesday, June 19th. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $257.00 price target on the stock in a research note on Thursday, July 19th. ValuEngine cut Littelfuse from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Barrington Research reiterated a “hold” rating on shares of Littelfuse in a research note on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Littelfuse presently has an average rating of “Hold” and a consensus price target of $224.00.
NASDAQ:LFUS opened at $219.28 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 3.59. Littelfuse, Inc. has a one year low of $182.03 and a one year high of $238.10. The stock has a market capitalization of $5.56 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Wednesday, August 1st. The technology company reported $2.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.18. Littelfuse had a return on equity of 18.22% and a net margin of 7.36%. The business had revenue of $459.20 million for the quarter, compared to analysts’ expectations of $458.84 million. During the same quarter in the previous year, the firm posted $2.10 earnings per share. The company’s revenue was up 46.5% compared to the same quarter last year. equities research analysts predict that Littelfuse, Inc. will post 9.57 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Thursday, August 23rd were paid a $0.43 dividend. This is a boost from Littelfuse’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, August 22nd. This represents a $1.72 annualized dividend and a dividend yield of 0.78%. Littelfuse’s payout ratio is 22.22%.
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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