Lecap Asset Management Ltd. Acquires Shares of 1,603 Littelfuse, Inc. (NASDAQ:LFUS)

Lecap Asset Management Ltd. acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,603 shares of the technology company's stock, valued at approximately $378,000.

A number of other institutional investors also recently modified their holdings of the company. Huntington National Bank raised its position in Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company's stock valued at $25,000 after purchasing an additional 64 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Littelfuse during the third quarter valued at approximately $27,000. UMB Bank n.a. lifted its stake in Littelfuse by 70.2% in the third quarter. UMB Bank n.a. now owns 143 shares of the technology company's stock worth $38,000 after acquiring an additional 59 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock valued at $38,000 after acquiring an additional 105 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Littelfuse during the 3rd quarter valued at $53,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Jeffrey G. Gorski sold 700 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now owns 3,105 shares of the company's stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LFUS has been the subject of several research analyst reports. Oppenheimer raised shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 target price for the company in a research report on Thursday, October 17th. StockNews.com downgraded Littelfuse from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Robert W. Baird dropped their price target on Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Finally, Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $280.00.

Littelfuse Stock Up 2.1 %

Shares of NASDAQ:LFUS traded up $5.00 during trading on Tuesday, reaching $239.72. 194,025 shares of the stock traded hands, compared to its average volume of 158,932. The stock has a market cap of $5.95 billion, a P/E ratio of 53.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.26. 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 stock has a 50-day moving average of $237.85 and a two-hundred day moving average of $248.84. Littelfuse, Inc. has a 52-week low of $222.73 and a 52-week high of $275.58.

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

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be paid a $0.70 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.17%. Littelfuse's dividend 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.