Coldstream Capital Management Inc. Purchases Shares of 1,041 Littelfuse, Inc. (LFUS)
Coldstream Capital Management Inc. purchased a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,041 shares of the technology company’s stock, valued at approximately $204,000.
Several other large investors have also recently made changes to their positions in LFUS. Koch Industries Inc. acquired a new position in shares of Littelfuse during the 2nd quarter worth approximately $376,000. Principal Financial Group Inc. raised its position in shares of Littelfuse by 97.3% during the 2nd quarter. Principal Financial Group Inc. now owns 451,428 shares of the technology company’s stock worth $74,486,000 after purchasing an additional 222,636 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Littelfuse during the 3rd quarter worth approximately $33,900,000. Pictet Asset Management Ltd. raised its position in shares of Littelfuse by 66.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 431,838 shares of the technology company’s stock worth $84,588,000 after purchasing an additional 172,338 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Littelfuse by 31.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 471,038 shares of the technology company’s stock worth $92,267,000 after purchasing an additional 112,360 shares during the last quarter. 99.17% of the stock is currently owned by institutional investors and hedge funds.
Littelfuse, Inc. (LFUS) opened at $194.90 on Wednesday. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $4,471.13, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. Littelfuse, Inc. has a twelve month low of $146.94 and a twelve month high of $215.00.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $2.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.14. The company had revenue of $317.90 million during the quarter, compared to the consensus estimate of $319.20 million. Littelfuse had a return on equity of 19.62% and a net margin of 13.12%. Littelfuse’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.87 EPS. equities research analysts anticipate that Littelfuse, Inc. will post 7.57 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $1.48 annualized dividend and a yield of 0.76%. Littelfuse’s dividend payout ratio (DPR) is presently 21.57%.
Several brokerages recently issued reports on LFUS. BidaskClub downgraded Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research downgraded Littelfuse from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Robert W. Baird reiterated a “buy” rating and issued a $230.00 price target on shares of Littelfuse in a report on Friday, November 3rd. Oppenheimer reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, November 1st. Finally, CIBC reiterated a “market perform” rating on shares of Littelfuse in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Littelfuse presently has an average rating of “Hold” and an average target price of $211.25.
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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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