Arrowstreet Capital Limited Partnership Purchases Shares of 4,397 Littelfuse, Inc. (NASDAQ:LFUS)

Arrowstreet Capital Limited Partnership bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 4,397 shares of the technology company's stock, valued at approximately $1,036,000.

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in Littelfuse by 126.9% in the 3rd quarter. Jane Street Group LLC now owns 11,418 shares of the technology company's stock worth $3,029,000 after acquiring an additional 6,386 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Littelfuse by 2.8% in the fourth 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. Atria Wealth Solutions Inc. raised its position in shares of Littelfuse by 5.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock valued at $225,000 after purchasing an additional 50 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Littelfuse in the fourth quarter valued at approximately $5,892,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Littelfuse by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company's stock valued at $61,293,000 after buying an additional 18,013 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LFUS. Robert W. Baird reissued a "neutral" rating and set a $182.00 target price (down previously from $225.00) on shares of Littelfuse in a report on Tuesday. Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. StockNews.com cut Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $258.00.

Littelfuse Price Performance

Shares of Littelfuse stock traded up $0.85 during trading on Thursday, hitting $153.23. The stock had a trading volume of 27,913 shares, compared to its average volume of 146,200. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 34.20, a P/E/G ratio of 2.24 and a beta of 1.30. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.58. The business's 50-day moving average is $207.84 and its 200 day moving average is $232.21. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

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

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.83%. Littelfuse's payout ratio is presently 62.22%.

Littelfuse 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.