Littelfuse, Inc. (LFUS) Stake Boosted by KAMES CAPITAL plc
KAMES CAPITAL plc lifted its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 280,177 shares of the technology company’s stock after acquiring an additional 6,593 shares during the period. Littelfuse accounts for about 1.4% of KAMES CAPITAL plc’s portfolio, making the stock its 27th biggest holding. KAMES CAPITAL plc’s holdings in Littelfuse were worth $55,425,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in LFUS. Turner Investments LLC bought a new position in Littelfuse during the third quarter valued at approximately $147,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Littelfuse by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock valued at $149,000 after buying an additional 72 shares during the last quarter. Coldstream Capital Management Inc. bought a new position in Littelfuse during the third quarter valued at approximately $204,000. Intrust Bank NA bought a new position in Littelfuse during the third quarter valued at approximately $204,000. Finally, Jane Street Group LLC bought a new position in Littelfuse during the third quarter valued at approximately $226,000. 99.17% of the stock is owned by hedge funds and other institutional investors.
Shares of Littelfuse, Inc. (NASDAQ LFUS) traded up $1.53 during mid-day trading on Friday, reaching $202.59. The company’s stock had a trading volume of 99,300 shares, compared to its average volume of 103,563. Littelfuse, Inc. has a fifty-two week low of $146.94 and a fifty-two week high of $215.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.75 and a current ratio of 3.36. The stock has a market capitalization of $4,590.00, a P/E ratio of 29.53, a PEG ratio of 1.64 and a beta of 0.92.
A number of brokerages recently commented on LFUS. Zacks Investment Research lowered Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Robert W. Baird reissued a “buy” rating and set a $202.00 price target on shares of Littelfuse in a research note on Thursday, October 12th. CIBC reissued a “market perform” rating on shares of Littelfuse in a research note on Friday, October 13th. Stifel Nicolaus reissued a “hold” rating and set a $185.00 price target on shares of Littelfuse in a research note on Friday, October 6th. Finally, Oppenheimer lowered Littelfuse from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Littelfuse currently has an average rating of “Hold” and a consensus price target of $211.25.
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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