Littelfuse, Inc. $LFUS Stock Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 238.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,546 shares of the technology company’s stock after acquiring an additional 47,616 shares during the period. Pictet Asset Management Holding SA owned 0.27% of Littelfuse worth $28,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of Littelfuse by 168.0% in the 3rd quarter. Versant Capital Management Inc now owns 67 shares of the technology company’s stock valued at $28,000 after purchasing an additional 42 shares during the last quarter. Caitlin John LLC acquired a new stake in shares of Littelfuse in the 2nd quarter valued at about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Littelfuse in the 2nd quarter valued at about $51,000. Root Financial Partners LLC acquired a new stake in shares of Littelfuse in the 3rd quarter valued at about $51,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in Littelfuse during the 1st quarter worth approximately $68,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on LFUS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $520.00 price target on shares of Littelfuse in a research report on Wednesday, October 28th. Jefferies Financial Group began coverage on Littelfuse in a report on Wednesday. They issued a “buy” rating and a $471.00 price objective for the company. Zacks Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Oppenheimer restated an “outperform” rating on shares of Littelfuse in a research report on Thursday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Littelfuse in a report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $466.57.

Littelfuse Price Performance

Shares of NASDAQ:LFUS opened at $397.70 on Thursday. The company has a 50-day simple moving average of $405.14 and a 200-day simple moving average of $402.54. Littelfuse, Inc. has a one year low of $233.36 and a one year high of $500.57. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.01 and a current ratio of 2.67. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 325.99, a PEG ratio of 1.74 and a beta of 1.50.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Wednesday, October 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.82. The firm had revenue of $795.20 million for the quarter, compared to analyst estimates of $792.49 million. Littelfuse had a return on equity of 15.86% and a net margin of 1.37%. The business’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the company posted $2.77 earnings per share. On average, analysts predict that Littelfuse, Inc. will post 18.37 EPS for the current year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 19th. Littelfuse’s dividend payout ratio (DPR) is presently 262.30%.

Insiders Place Their Bets

In other Littelfuse news, SVP David Ruppel sold 1,493 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $404.57, for a total transaction of $604,023.01. Following the completion of the sale, the senior vice president directly owned 4,720 shares of the company’s stock, valued at approximately $1,909,570.40. This trade represents a 24.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

About Littelfuse

Littelfuse, Inc. is a global manufacturer of products that help protect and control electrical systems. Its offerings include fuses and other circuit-protection components, power-control devices, sensors, and electronic components used in a range of applications. The company serves customers in markets including automotive, industrial, commercial vehicles, and electronics. Its products are used to protect equipment from electrical faults, manage power, and monitor conditions in systems and devices.