KLP Kapitalforvaltning AS Purchases New Position in Littelfuse, Inc. (NASDAQ:LFUS)

KLP Kapitalforvaltning AS bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,100 shares of the technology company's stock, valued at approximately $1,202,000.

A number of other institutional investors have also made changes to their positions in LFUS. Sei Investments Co. boosted its position in shares of Littelfuse by 9.7% during the 4th quarter. Sei Investments Co. now owns 104,713 shares of the technology company's stock worth $24,677,000 after purchasing an additional 9,256 shares during the period. American Century Companies Inc. lifted its stake in Littelfuse by 6.9% during the fourth quarter. American Century Companies Inc. now owns 250,825 shares of the technology company's stock worth $59,108,000 after purchasing an additional 16,288 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Littelfuse during the fourth quarter worth $767,000. Xponance Inc. grew its stake in shares of Littelfuse by 6.1% in the fourth quarter. Xponance Inc. now owns 2,826 shares of the technology company's stock valued at $666,000 after buying an additional 163 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Littelfuse by 13.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company's stock valued at $74,405,000 after buying an additional 37,583 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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Littelfuse Stock Down 17.3 %

Shares of LFUS traded down $33.98 during midday trading on Thursday, hitting $162.65. The company had a trading volume of 751,972 shares, compared to its average volume of 133,837. Littelfuse, Inc. has a 1 year low of $162.23 and a 1 year high of $275.58. The firm has a market capitalization of $4.02 billion, a P/E ratio of 36.14, a P/E/G ratio of 2.24 and a beta of 1.27. 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 company's 50-day simple moving average is $224.77 and its 200-day simple moving average is $239.88.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting 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 company earned $2.02 earnings per share. As a group, sell-side analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse's dividend payout ratio (DPR) is presently 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.