Littelfuse, Inc. (LFUS) Position Cut by JPMorgan Chase & Co.
JPMorgan Chase & Co. cut its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,699 shares of the technology company’s stock after selling 8,931 shares during the period. JPMorgan Chase & Co. owned 1.08% of Littelfuse worth $53,568,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of LFUS. Advisors Asset Management Inc. raised its holdings in shares of Littelfuse by 4,863.4% during the second quarter. Advisors Asset Management Inc. now owns 111,429 shares of the technology company’s stock worth $351,000 after purchasing an additional 109,184 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Littelfuse by 2,130.6% during the second quarter. Public Employees Retirement System of Ohio now owns 10,283 shares of the technology company’s stock worth $2,346,000 after purchasing an additional 9,822 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Littelfuse by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 554,507 shares of the technology company’s stock worth $126,527,000 after purchasing an additional 11,476 shares during the period. Atria Investments LLC raised its holdings in shares of Littelfuse by 22.5% during the third quarter. Atria Investments LLC now owns 1,647 shares of the technology company’s stock worth $326,000 after purchasing an additional 302 shares during the period. Finally, We Are One Seven LLC acquired a new stake in shares of Littelfuse during the third quarter worth $259,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on LFUS shares. ValuEngine cut shares of Littelfuse from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Barrington Research reissued a “hold” rating on shares of Littelfuse in a report on Monday, October 29th. BidaskClub raised shares of Littelfuse from a “strong sell” rating to a “sell” rating in a report on Friday, November 2nd. Zacks Investment Research raised shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 target price on the stock in a report on Tuesday, January 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $227.00.
Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, January 30th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.00 by ($0.13). The company had revenue of $402.30 million during the quarter, compared to the consensus estimate of $413.77 million. Littelfuse had a net margin of 9.58% and a return on equity of 16.12%. The business’s quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. As a group, research analysts forecast that Littelfuse, Inc. will post 10.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 21st will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.98%. Littelfuse’s dividend payout ratio is presently 18.22%.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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