Pacer Advisors Inc. increased its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 15,382.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 9,909 shares of the technology company’s stock after buying an additional 9,845 shares during the quarter. Pacer Advisors Inc.’s holdings in Littelfuse were worth $1,753,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of LFUS. Ceredex Value Advisors LLC purchased a new position in Littelfuse in the first quarter valued at about $24,039,000. Janus Henderson Group PLC raised its stake in Littelfuse by 2,509.0% in the 2nd quarter. Janus Henderson Group PLC now owns 70,966 shares of the technology company’s stock valued at $12,555,000 after acquiring an additional 68,246 shares during the period. Nuance Investments LLC bought a new stake in Littelfuse in the 2nd quarter valued at about $9,479,000. Copeland Capital Management LLC raised its stake in Littelfuse by 43.4% in the 2nd quarter. Copeland Capital Management LLC now owns 168,700 shares of the technology company’s stock valued at $29,845,000 after acquiring an additional 51,048 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Littelfuse during the second quarter valued at about $8,846,000. 99.73% of the stock is currently owned by institutional investors.
NASDAQ LFUS traded up $3.50 during trading hours on Wednesday, hitting $177.81. The company had a trading volume of 3,902 shares, compared to its average volume of 140,701. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.95 and a current ratio of 3.90. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.29 and a beta of 1.09. Littelfuse, Inc. has a 52 week low of $149.80 and a 52 week high of $225.70. The firm has a 50 day simple moving average of $163.02 and a 200 day simple moving average of $177.36.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.91 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.91. Littelfuse had a return on equity of 13.82% and a net margin of 10.15%. The firm had revenue of $397.00 million for the quarter, compared to analysts’ expectations of $397.98 million. During the same period in the prior year, the business posted $2.68 earnings per share. The company’s revenue was down 13.5% on a year-over-year basis. On average, research analysts forecast that Littelfuse, Inc. will post 6.77 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Wednesday, August 21st. This is a positive change from Littelfuse’s previous quarterly dividend of $0.43. Littelfuse’s dividend payout ratio is 20.34%.
Several research firms have recently weighed in on LFUS. Zacks Investment Research downgraded shares of Littelfuse from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. ValuEngine upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Tuesday. BidaskClub raised shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Friday, July 19th. Robert W. Baird downgraded shares of Littelfuse from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $193.00 to $171.00 in a report on Thursday, August 1st. Finally, Cowen reiterated an “outperform” rating and issued a $200.00 price objective (down from $210.00) on shares of Littelfuse in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Littelfuse currently has an average rating of “Hold” and a consensus price target of $207.33.
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and 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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