Teacher Retirement System of Texas boosted its stake in shares of Littelfuse Inc. (NASDAQ:LFUS) by 13.8% during the second quarter, Holdings Channel reports. The fund owned 3,115 shares of the company’s stock after buying an additional 377 shares during the period. Teacher Retirement System of Texas’ holdings in Littelfuse were worth $368,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. bought a new stake in shares of Littelfuse during the first quarter valued at $119,000. BlackRock Inc. increased its stake in shares of Littelfuse by 108.1% in the first quarter. BlackRock Inc. now owns 1,617 shares of the company’s stock valued at $199,000 after buying an additional 840 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Littelfuse during the first quarter valued at $254,000. First Midwest Bank Trust Division bought a new stake in shares of Littelfuse during the second quarter valued at $265,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Littelfuse during the first quarter valued at $295,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Littelfuse Inc. (NASDAQ:LFUS) opened at 126.99 on Tuesday. The stock’s 50 day moving average price is $126.35 and its 200-day moving average price is $119.88. Littelfuse Inc. has a 52-week low of $90.61 and a 52-week high of $130.79. The firm has a market capitalization of $2.85 billion, a PE ratio of 35.79 and a beta of 1.29.
Littelfuse (NASDAQ:LFUS) last issued its earnings results on Thursday, August 4th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. The firm earned $271.90 million during the quarter, compared to the consensus estimate of $271.13 million. Littelfuse had a net margin of 8.66% and a return on equity of 17.48%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 earnings per share. Equities research analysts anticipate that Littelfuse Inc. will post $5.52 EPS for the current fiscal year.
Several brokerages have weighed in on LFUS. Robert W. Baird increased their price target on Littelfuse from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Oppenheimer Holdings Inc. increased their price target on Littelfuse from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 13th. Finally, Zacks Investment Research downgraded Littelfuse from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th.
In related news, Chairman Gordon Hunter sold 20,000 shares of the business’s stock in a transaction 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 completion of the sale, the chairman now directly owns 54,344 shares of the company’s stock, valued at $6,667,465.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Ian Highley sold 1,313 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $127.07, for a total transaction of $166,842.91. Following the completion of the sale, the senior vice president now directly owns 5,628 shares of the company’s stock, valued at $715,149.96. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
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.
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