LPL Financial LLC Increases Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

LPL Financial LLC increased its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 11.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,107 shares of the technology company’s stock after purchasing an additional 826 shares during the period. LPL Financial LLC’s holdings in Littelfuse were worth $2,362,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Littelfuse in the second quarter valued at $38,000. Point72 Hong Kong Ltd purchased a new stake in Littelfuse during the first quarter valued at about $33,000. Parallel Advisors LLC grew its position in Littelfuse by 45.3% during the first quarter. Parallel Advisors LLC now owns 138 shares of the technology company’s stock valued at $37,000 after acquiring an additional 43 shares during the period. Belpointe Asset Management LLC grew its position in Littelfuse by 96.7% during the first quarter. Belpointe Asset Management LLC now owns 181 shares of the technology company’s stock valued at $49,000 after acquiring an additional 89 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in Littelfuse by 33.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company’s stock valued at $44,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on LFUS. Robert W. Baird lowered their price target on Littelfuse from $300.00 to $290.00 in a research report on Thursday, October 12th. StockNews.com initiated coverage on Littelfuse in a research note on Thursday, October 5th. They set a “hold” rating on the stock.

Littelfuse Trading Down 1.5 %

Shares of LFUS opened at $224.70 on Friday. The stock’s 50-day moving average is $239.89 and its two-hundred day moving average is $260.46. The stock has a market cap of $5.60 billion, a PE ratio of 18.16, a P/E/G ratio of 1.62 and a beta of 1.32. Littelfuse, Inc. has a 12 month low of $211.16 and a 12 month high of $309.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.03 and a quick ratio of 2.02.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, October 31st. The technology company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.61 by $0.36. The business had revenue of $607.07 million for the quarter, compared to analysts’ expectations of $585.80 million. Littelfuse had a return on equity of 14.12% and a net margin of 12.69%. Equities analysts forecast that Littelfuse, Inc. will post 11.82 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 23rd will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, November 21st. Littelfuse’s dividend payout ratio (DPR) is presently 21.02%.

Littelfuse Profile

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.