California Public Employees Retirement System increased its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,400 shares of the technology company’s stock after purchasing an additional 1,300 shares during the quarter. California Public Employees Retirement System owned approximately 0.25% of Littelfuse worth $9,471,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can grew its holdings in Littelfuse by 15.1% in the second quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock valued at $107,000 after purchasing an additional 85 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Littelfuse by 16.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 677 shares of the technology company’s stock valued at $112,000 after acquiring an additional 95 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Littelfuse by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock valued at $149,000 after acquiring an additional 72 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Littelfuse in the second quarter valued at $215,000. Finally, World Asset Management Inc lifted its position in Littelfuse by 2.7% during the second quarter. World Asset Management Inc now owns 1,430 shares of the technology company’s stock worth $236,000 after buying an additional 37 shares during the period. Institutional investors own 95.57% of the company’s stock.
Shares of Littelfuse, Inc. (NASDAQ LFUS) traded down 0.16% during trading on Wednesday, hitting $204.82. The stock had a trading volume of 6,278 shares. The stock’s 50 day moving average is $191.38 and its 200 day moving average is $173.16. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 32.23 and a beta of 0.95. Littelfuse, Inc. has a 52 week low of $124.32 and a 52 week high of $209.85.
Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, August 2nd. The technology company reported $2.10 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.10. Littelfuse had a net margin of 12.51% and a return on equity of 19.67%. The company had revenue of $313.36 million for the quarter, compared to analysts’ expectations of $312.97 million. During the same period last year, the firm earned $1.44 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities research analysts expect that Littelfuse, Inc. will post $7.77 earnings per share for the current fiscal year.
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A number of research firms have recently commented on LFUS. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $230.00 price objective on the stock in a report on Wednesday. Robert W. Baird restated a “buy” rating and issued a $202.00 price objective on shares of Littelfuse in a report on Thursday, October 12th. UBS AG downgraded Littelfuse from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. CIBC reiterated a “market perform” rating on shares of Littelfuse in a research note on Friday, October 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $185.00 target price on shares of Littelfuse in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $198.20.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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