ExodusPoint Capital Management LP Makes New Investment in Littelfuse, Inc. (NASDAQ:LFUS)

ExodusPoint Capital Management LP acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 37,506 shares of the technology company's stock, valued at approximately $8,838,000. ExodusPoint Capital Management LP owned about 0.15% of Littelfuse at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in LFUS. FMR LLC raised its position in Littelfuse by 0.6% in the 3rd quarter. FMR LLC now owns 24,473 shares of the technology company's stock worth $6,491,000 after purchasing an additional 137 shares during the period. BNP Paribas Financial Markets boosted its holdings in Littelfuse by 14.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,848 shares of the technology company's stock valued at $755,000 after acquiring an additional 366 shares during the period. Captrust Financial Advisors grew its position in Littelfuse by 6.5% in the 3rd quarter. Captrust Financial Advisors now owns 1,488 shares of the technology company's stock valued at $395,000 after acquiring an additional 91 shares during the last quarter. HighTower Advisors LLC increased its stake in Littelfuse by 4.4% in the third quarter. HighTower Advisors LLC now owns 3,158 shares of the technology company's stock worth $839,000 after purchasing an additional 134 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in shares of Littelfuse by 26.6% during the third quarter. Quantinno Capital Management LP now owns 2,058 shares of the technology company's stock valued at $546,000 after purchasing an additional 433 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Price Performance

Shares of NASDAQ:LFUS traded down $13.26 during trading on Thursday, reaching $153.36. The stock had a trading volume of 115,170 shares, compared to its average volume of 141,035. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year 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. The business has a fifty day moving average price of $215.58 and a 200-day moving average price of $235.72. The stock has a market cap of $3.79 billion, a PE ratio of 34.02, a PEG ratio of 2.24 and a beta of 1.30.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting analysts' consensus estimates 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 posted $2.02 earnings per share. On average, equities analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Thursday, February 20th. Littelfuse's dividend payout ratio (DPR) is presently 62.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LFUS shares. Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Thursday. Robert W. Baird lowered their price objective on Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com cut shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $285.00.

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.