Trust Point Inc. Raises Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Trust Point Inc. boosted its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 214.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,171 shares of the technology company's stock after acquiring an additional 2,163 shares during the quarter. Trust Point Inc.'s holdings in Littelfuse were worth $747,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LFUS. State Street Corp raised its position in shares of Littelfuse by 3.4% in the third quarter. State Street Corp now owns 747,082 shares of the technology company's stock valued at $198,164,000 after purchasing an additional 24,571 shares during the period. Victory Capital Management Inc. boosted its stake in Littelfuse by 2.0% during the third quarter. Victory Capital Management Inc. now owns 511,623 shares of the technology company's stock worth $135,708,000 after buying an additional 10,119 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Littelfuse by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company's stock valued at $114,607,000 after purchasing an additional 1,525 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Littelfuse by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 303,947 shares of the technology company's stock valued at $80,622,000 after purchasing an additional 8,195 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position in Littelfuse by 0.6% during the 3rd quarter. Boston Trust Walden Corp now owns 297,260 shares of the technology company's stock worth $78,848,000 after buying an additional 1,819 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Oppenheimer upgraded shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target on the stock in a research report on Thursday, October 17th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. Robert W. Baird reduced their price target 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 downgraded Littelfuse from a "buy" rating to a "hold" rating in a report on Tuesday. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $280.00.

Littelfuse Stock Performance

LFUS stock traded down $0.73 during trading hours on Friday, hitting $232.78. 182,917 shares of the stock were exchanged, compared to its average volume of 164,570. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.78 billion, a P/E ratio of 51.73, a P/E/G ratio of 2.05 and a beta of 1.26. The company has a 50-day simple moving average of $238.11 and a two-hundred day simple moving average of $249.15. Littelfuse, Inc. has a 12 month low of $222.73 and a 12 month high of $275.58.

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

Littelfuse Dividend Announcement

The company 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 dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Thursday, February 20th. Littelfuse's payout ratio is 62.22%.

Insider Activity

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 3,105 shares in the company, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company's stock.

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.