American International Group Inc. decreased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 0.0% during the third quarter, Holdings Channel reports. The institutional investor owned 16,516 shares of the company’s stock after selling 7 shares during the period. American International Group Inc. owned approximately 0.07% of Littelfuse worth $2,127,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Strs Ohio increased its stake in Littelfuse by 3.4% in the second quarter. Strs Ohio now owns 12,000 shares of the company’s stock worth $1,418,000 after buying an additional 400 shares in the last quarter. First Midwest Bank Trust Division purchased a new stake in Littelfuse during the second quarter worth about $265,000. Aberdeen Asset Management PLC UK increased its stake in Littelfuse by 40.9% in the second quarter. Aberdeen Asset Management PLC UK now owns 264,287 shares of the company’s stock worth $31,236,000 after buying an additional 76,718 shares in the last quarter. Fieldpoint Private Advisors Inc. increased its stake in Littelfuse by 6.4% in the second quarter. Fieldpoint Private Advisors Inc. now owns 7,565 shares of the company’s stock worth $894,000 after buying an additional 455 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Littelfuse by 9.6% in the second quarter. Neuberger Berman Group LLC now owns 1,435,443 shares of the company’s stock worth $169,655,000 after buying an additional 126,050 shares in the last quarter. Institutional investors and hedge funds own 99.12% of the company’s stock.
Littelfuse, Inc. (NASDAQ:LFUS) traded up 0.42% on Friday, reaching $156.93. The company had a trading volume of 42,415 shares. The stock’s 50 day moving average is $152.49 and its 200-day moving average is $135.37. Littelfuse, Inc. has a 1-year low of $98.82 and a 1-year high of $157.71. The stock has a market capitalization of $3.54 billion, a P/E ratio of 35.66 and a beta of 1.09.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $1.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.87. Littelfuse had a return on equity of 17.27% and a net margin of 10.05%. The firm earned $280.30 million during the quarter, compared to analysts’ expectations of $131.81 million. During the same period last year, the business posted $1.43 earnings per share. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. On average, equities analysts predict that Littelfuse, Inc. will post $6.21 EPS for the current fiscal year.
A number of equities research analysts have issued reports on LFUS shares. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research note on Thursday, October 13th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $155.00 price objective (up from $145.00) on shares of Littelfuse in a research note on Tuesday, November 1st. Sidoti downgraded Littelfuse from a “buy” rating to a “neutral” rating in a research note on Monday, November 21st. CL King began coverage on Littelfuse in a research note on Wednesday, November 30th. They set a “buy” rating and a $174.00 price objective for the company. Finally, Longbow Research downgraded Littelfuse from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 13th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $158.25.
In other news, Director John E. Major sold 4,420 shares of the firm’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $149.07, for a total value of $658,889.40. Following the completion of the transaction, the director now directly owns 26,625 shares in the company, valued at $3,968,988.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anthony Grillo sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $154.03, for a total value of $770,150.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,978 shares of company stock valued at $6,734,968. Company insiders own 2.40% of the company’s stock.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and electrical industries. The Company operates through three segments: Electronics, Automotive and Industrial. Its Electronics segment provides circuit protection components to manufacturers of a range of electronic products, including mobile phones, computers, liquid-crystal-display televisions, telecommunications equipment, medical devices, lighting products and white goods.
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