EntryPoint Capital LLC Takes $308,000 Position in Littelfuse, Inc. (NASDAQ:LFUS)

EntryPoint Capital LLC bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,305 shares of the technology company's stock, valued at approximately $308,000.

Other hedge funds also recently made changes to their positions in the company. Pathstone Holdings LLC boosted its stake in shares of Littelfuse by 0.6% in the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company's stock valued at $1,730,000 after buying an additional 40 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of Littelfuse by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock valued at $225,000 after acquiring an additional 50 shares during the period. Arizona State Retirement System lifted its position in shares of Littelfuse by 0.7% during the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock valued at $1,694,000 after acquiring an additional 51 shares during the period. Assetmark Inc. grew its holdings in shares of Littelfuse by 11.4% during the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company's stock worth $189,000 after purchasing an additional 82 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in shares of Littelfuse by 6.5% in the third quarter. Captrust Financial Advisors now owns 1,488 shares of the technology company's stock worth $395,000 after purchasing an additional 91 shares during the period. 96.14% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, Robert W. Baird lowered their price objective on shares of Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $280.00.

Littelfuse Price Performance

Shares of Littelfuse stock traded down $3.65 during midday trading on Tuesday, hitting $193.09. 252,725 shares of the company traded hands, compared to its average volume of 131,274. The firm's fifty day moving average price is $227.03 and its 200-day moving average price is $240.73. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 42.91, a PEG ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a 12 month low of $192.90 and a 12 month high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter in the prior year, the firm earned $2.02 earnings per share. As a group, sell-side analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Thursday, February 20th. Littelfuse's payout ratio is 62.22%.

About Littelfuse

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.