Littelfuse, Inc. (NASDAQ:LFUS) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,807,162 shares of the technology company's stock after buying an additional 40,423 shares during the period. Vanguard Group Inc. owned about 11.31% of Littelfuse worth $661,508,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC raised its holdings in Littelfuse by 0.6% in the 3rd quarter. FMR LLC now owns 24,473 shares of the technology company's stock valued at $6,491,000 after acquiring an additional 137 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Littelfuse by 14.7% in the third quarter. BNP Paribas Financial Markets now owns 2,848 shares of the technology company's stock valued at $755,000 after purchasing an additional 366 shares during the last quarter. Townsquare Capital LLC lifted its position in Littelfuse by 28.6% during the third quarter. Townsquare Capital LLC now owns 3,553 shares of the technology company's stock worth $942,000 after buying an additional 791 shares during the period. Glenmede Trust Co. NA boosted its stake in Littelfuse by 18.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,059 shares of the technology company's stock worth $546,000 after buying an additional 316 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in Littelfuse in the 3rd quarter valued at about $5,389,000. Hedge funds and other institutional investors own 96.14% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LFUS. StockNews.com lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, January 29th. Finally, Robert W. Baird cut their target price on Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Four 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 company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $280.00.

Littelfuse Trading Down 6.2 %

Shares of Littelfuse stock traded down $10.09 during trading hours on Friday, hitting $152.56. The company's stock had a trading volume of 490,068 shares, compared to its average volume of 135,081. The business has a fifty day moving average of $223.12 and a 200 day moving average of $239.19. Littelfuse, Inc. has a 1-year low of $146.29 and a 1-year high of $275.58. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.77 billion, a PE ratio of 33.90, a P/E/G ratio of 2.24 and a beta of 1.27.

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 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 last year, the firm earned $2.02 EPS. As a group, equities analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Thursday, February 20th. Littelfuse's dividend payout ratio is presently 62.22%.

About Littelfuse

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.