Proficio Capital Partners LLC Takes $5.89 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

Proficio Capital Partners LLC bought a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 25,003 shares of the technology company's stock, valued at approximately $5,892,000. Proficio Capital Partners LLC owned 0.10% of Littelfuse at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in shares of Littelfuse by 11.4% in the fourth quarter. Assetmark Inc. now owns 801 shares of the technology company's stock worth $189,000 after buying an additional 82 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Littelfuse by 0.4% during the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company's stock worth $121,048,000 after acquiring an additional 2,056 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Littelfuse by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company's stock worth $73,649,000 after purchasing an additional 8,588 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Littelfuse by 548.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock valued at $44,000 after purchasing an additional 159 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in shares of Littelfuse by 119.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 13,219 shares of the technology company's stock valued at $3,115,000 after purchasing an additional 7,195 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Wednesday, January 29th. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Robert W. Baird decreased their price objective on shares of Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Littelfuse currently has an average rating of "Moderate Buy" and a consensus price target of $280.00.

Littelfuse Price Performance

NASDAQ LFUS traded down $3.33 on Thursday, reaching $211.21. 63,785 shares of the company's stock traded hands, compared to its average volume of 126,671. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The stock has a market cap of $5.24 billion, a PE ratio of 47.06, a P/E/G ratio of 2.24 and a beta of 1.27. The stock has a 50-day simple moving average of $231.71 and a 200 day simple moving average of $243.69. Littelfuse, Inc. has a 12 month low of $201.97 and a 12 month high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its earnings results on Tuesday, January 28th. The technology company reported $2.04 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 period in the prior year, the business earned $2.02 EPS. As a group, research analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.33%. Littelfuse's dividend payout ratio is currently 62.22%.

Littelfuse Company Profile

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.