Nordea Investment Management AB Raises Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Nordea Investment Management AB raised its position in shares of Littelfuse, Inc. (NASDAQ:LFUSFree Report) by 27.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,944 shares of the technology company’s stock after purchasing an additional 46,361 shares during the quarter. Nordea Investment Management AB owned 0.87% of Littelfuse worth $52,334,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Mendel Money Management lifted its holdings in shares of Littelfuse by 225.1% in the first quarter. Mendel Money Management now owns 12,528 shares of the technology company’s stock worth $3,036,000 after buying an additional 22,544 shares in the last quarter. Capstone Investment Advisors LLC boosted its stake in shares of Littelfuse by 181.0% during the first quarter. Capstone Investment Advisors LLC now owns 4,456 shares of the technology company’s stock valued at $1,080,000 after purchasing an additional 2,870 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Littelfuse by 268.6% during the first quarter. BNP Paribas Financial Markets now owns 14,524 shares of the technology company’s stock valued at $3,520,000 after purchasing an additional 10,584 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Littelfuse by 0.3% during the first quarter. Retirement Systems of Alabama now owns 31,272 shares of the technology company’s stock valued at $7,579,000 after purchasing an additional 96 shares during the period. Finally, Norden Group LLC purchased a new stake in Littelfuse in the first quarter worth about $273,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on LFUS. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Thursday, May 2nd. Robert W. Baird raised shares of Littelfuse from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $270.00 to $300.00 in a research note on Friday, May 17th. Jefferies Financial Group assumed coverage on Littelfuse in a research report on Tuesday, April 9th. They set a “hold” rating and a $260.00 target price on the stock. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. Finally, Baird R W upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Littelfuse presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

Read Our Latest Research Report on LFUS

Littelfuse Stock Up 1.4 %

Shares of LFUS opened at $252.80 on Tuesday. Littelfuse, Inc. has a 52-week low of $212.80 and a 52-week high of $309.94. The company has a market capitalization of $6.26 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 2.42 and a beta of 1.29. The stock has a fifty day simple moving average of $254.56 and a two-hundred day simple moving average of $245.78. The company has a quick ratio of 2.44, a current ratio of 3.57 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUSGet Free Report) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The business had revenue of $535.39 million during the quarter, compared to the consensus estimate of $519.08 million. During the same period last year, the company earned $3.64 EPS. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. As a group, equities analysts forecast that Littelfuse, Inc. will post 8.59 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Wednesday, May 22nd. Littelfuse’s dividend payout ratio (DPR) is presently 29.78%.

Insiders Place Their Bets

In related news, SVP Deepak Nayar sold 1,305 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $250.25, for a total transaction of $326,576.25. Following the completion of the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at approximately $1,158,657.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Ryan K. Stafford sold 2,219 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $256.33, for a total transaction of $568,796.27. Following the completion of the sale, the executive vice president now directly owns 24,437 shares of the company’s stock, valued at approximately $6,263,936.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Deepak Nayar sold 1,305 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $250.25, for a total value of $326,576.25. Following the sale, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at $1,158,657.50. The disclosure for this sale can be found here. Insiders sold 9,638 shares of company stock valued at $2,463,552 in the last three months. 2.30% of the stock is currently owned by insiders.

Littelfuse Company Profile

(Free Report)

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, 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.

See Also

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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