New York State Teachers Retirement System maintained its stake in Littelfuse Inc. (NASDAQ:LFUS) during the second quarter, Holdings Channel reports. The fund owned 51,813 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Littelfuse were worth $6,124,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of LFUS. Fisher Asset Management LLC boosted its stake in Littelfuse by 59.1% in the second quarter. Fisher Asset Management LLC now owns 361,838 shares of the company’s stock valued at $42,737,000 after buying an additional 134,419 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Littelfuse by 40.7% in the first quarter. Lazard Asset Management LLC now owns 237,651 shares of the company’s stock worth $29,257,000 after buying an additional 68,799 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Littelfuse by 31.1% in the first quarter. Renaissance Technologies LLC now owns 281,292 shares of the company’s stock worth $34,630,000 after buying an additional 66,800 shares during the last quarter. Cupps Capital Management LLC purchased a new position in shares of Littelfuse during the first quarter worth about $4,963,000. Finally, Insight Capital Research & Management Inc. purchased a new position in shares of Littelfuse during the first quarter worth about $3,258,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.
Shares of Littelfuse Inc. (NASDAQ:LFUS) traded up 1.28% during trading on Friday, reaching $128.81. The company’s stock had a trading volume of 127,148 shares. The company has a market capitalization of $2.89 billion, a P/E ratio of 36.30 and a beta of 1.35. The company’s 50-day moving average is $125.14 and its 200-day moving average is $119.58. Littelfuse Inc. has a 12 month low of $89.75 and a 12 month high of $130.79.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Thursday, August 4th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. The company had revenue of $271.90 million for the quarter, compared to the consensus estimate of $271.13 million. Littelfuse had a return on equity of 17.48% and a net margin of 8.66%. The company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 earnings per share. On average, analysts forecast that Littelfuse Inc. will post $5.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.02%. This is an increase from Littelfuse’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, August 23rd. Littelfuse’s payout ratio is presently 37.18%.
LFUS has been the subject of a number of research reports. Oppenheimer Holdings Inc. increased their price target on Littelfuse from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, September 13th. Robert W. Baird increased their price target on Littelfuse from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Finally, Zacks Investment Research raised Littelfuse from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a research note on Thursday, July 7th.
In other Littelfuse news, VP Deepak Nayar sold 4,237 shares of Littelfuse stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $126.67, for a total transaction of $536,700.79. Following the sale, the vice president now directly owns 10,137 shares of the company’s stock, valued at $1,284,053.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gordon Hunter sold 20,000 shares of Littelfuse stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $122.69, for a total value of $2,453,800.00. Following the sale, the chairman now directly owns 54,344 shares in the company, valued at $6,667,465.36. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
Littelfuse Company Profile
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and electrical industries. The Company operates through three segments: Electronics, Automotive and Industrial. Its Electronics segment provides circuit protection components to manufacturers of a range of electronic products, including mobile phones, computers, liquid-crystal-display televisions, telecommunications equipment, medical devices, lighting products and white goods.
Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse Inc. (NASDAQ:LFUS).
Receive News & Ratings for Littelfuse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse Inc. and related companies with MarketBeat.com's FREE daily email newsletter.