Allspring Global Investments Holdings LLC Increases Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Allspring Global Investments Holdings LLC grew its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 26.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,836 shares of the technology company's stock after purchasing an additional 26,975 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.52% of Littelfuse worth $30,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Verition Fund Management LLC bought a new stake in Littelfuse during the 3rd quarter valued at $14,480,000. Jennison Associates LLC grew its holdings in shares of Littelfuse by 38.4% during the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company's stock valued at $48,048,000 after buying an additional 50,304 shares during the last quarter. Harvey Partners LLC increased its position in shares of Littelfuse by 39.5% during the third quarter. Harvey Partners LLC now owns 132,500 shares of the technology company's stock worth $35,146,000 after acquiring an additional 37,500 shares in the last quarter. State Street Corp raised its holdings in shares of Littelfuse by 3.4% in the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company's stock worth $198,164,000 after acquiring an additional 24,571 shares during the last quarter. Finally, Thematics Asset Management lifted its position in Littelfuse by 37.0% in the 3rd quarter. Thematics Asset Management now owns 87,000 shares of the technology company's stock valued at $23,077,000 after acquiring an additional 23,500 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

Insider Activity at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the sale, the chief accounting officer now directly owns 3,105 shares in the company, valued at $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on LFUS. Robert W. Baird decreased their price objective on Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $280.00.

Littelfuse Stock Performance

Littelfuse stock traded up $2.86 during mid-day trading on Wednesday, reaching $254.49. 147,772 shares of the company's stock were exchanged, compared to its average volume of 159,123. The business's fifty day simple moving average is $237.60 and its 200 day simple moving average is $248.27. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a one year low of $222.73 and a one year high of $275.58. The firm has a market capitalization of $6.32 billion, a PE ratio of 56.55, a P/E/G ratio of 2.17 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released 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 quarter in the previous year, the business posted $2.02 EPS. On average, sell-side analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be issued 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 1.10%. Littelfuse's dividend payout ratio (DPR) 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.