Amalgamated Bank Boosts Position in Littelfuse, Inc. (LFUS)
Amalgamated Bank increased its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 6.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,227 shares of the technology company’s stock after purchasing an additional 182 shares during the quarter. Amalgamated Bank’s holdings in Littelfuse were worth $532,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its holdings in Littelfuse by 9.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 117,937 shares of the technology company’s stock worth $18,860,000 after buying an additional 10,632 shares during the period. Bank of America Corp DE boosted its holdings in shares of Littelfuse by 4.9% in the first quarter. Bank of America Corp DE now owns 115,241 shares of the technology company’s stock valued at $18,428,000 after buying an additional 5,366 shares during the period. Century Capital Management LLC acquired a new position in shares of Littelfuse in the second quarter valued at approximately $1,854,000. KAMES CAPITAL plc acquired a new position in shares of Littelfuse in the second quarter valued at approximately $26,593,000. Finally, Liberty Mutual Group Asset Management Inc. boosted its holdings in shares of Littelfuse by 2.0% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 10,207 shares of the technology company’s stock valued at $1,632,000 after buying an additional 196 shares during the period. 95.57% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on LFUS shares. Zacks Investment Research downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Robert W. Baird reaffirmed a “positive” rating and issued a $195.00 price objective (up from $187.00) on shares of Littelfuse in a research report on Wednesday, July 19th. BidaskClub lowered shares of Littelfuse from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $175.00 target price (up from $165.00) on shares of Littelfuse in a research note on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. upped their target price on shares of Littelfuse from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $193.40.
Littelfuse, Inc. (LFUS) opened at 196.39 on Wednesday. The firm has a market cap of $4.46 billion, a P/E ratio of 30.91 and a beta of 0.95. Littelfuse, Inc. has a 52-week low of $124.32 and a 52-week high of $199.26. The firm’s 50-day moving average price is $185.25 and its 200-day moving average price is $170.58.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.10. The business had revenue of $313.36 million for the quarter, compared to analyst estimates of $312.97 million. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 earnings per share. Equities research analysts expect that Littelfuse, Inc. will post $7.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th were issued a dividend of $0.37 per share. This is an increase from Littelfuse’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, August 22nd. This represents a $1.48 annualized dividend and a dividend yield of 0.75%. Littelfuse’s payout ratio is currently 23.34%.
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Littelfuse Company Profile
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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