Thematics Asset Management Sells 10,000 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Thematics Asset Management reduced its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 11.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 77,000 shares of the technology company's stock after selling 10,000 shares during the period. Thematics Asset Management owned 0.31% of Littelfuse worth $18,145,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Jane Street Group LLC grew its position in shares of Littelfuse by 126.9% during the 3rd quarter. Jane Street Group LLC now owns 11,418 shares of the technology company's stock worth $3,029,000 after buying an additional 6,386 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Littelfuse by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company's stock worth $73,649,000 after purchasing an additional 8,588 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in Littelfuse by 5.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock valued at $225,000 after buying an additional 50 shares during the period. Proficio Capital Partners LLC bought a new position in Littelfuse during the fourth quarter worth about $5,892,000. Finally, Bank of New York Mellon Corp boosted its stake in Littelfuse by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company's stock worth $61,293,000 after acquiring an additional 18,013 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Robert W. Baird reiterated a "neutral" rating and set a $182.00 target price (down previously from $225.00) on shares of Littelfuse in a report on Tuesday, April 15th. StockNews.com lowered Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research note on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Littelfuse currently has an average rating of "Hold" and an average target price of $258.00.

Littelfuse Stock Performance

Shares of LFUS traded down $0.43 during trading hours on Wednesday, hitting $162.95. The company had a trading volume of 574,233 shares, compared to its average volume of 152,059. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 2.24 and a beta of 1.30. 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 12 month low of $142.10 and a 12 month high of $275.58. The business has a fifty day moving average of $201.09 and a 200-day moving average of $229.17.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued 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 net margin of 5.16% and a return on equity of 8.55%. During the same period in the previous year, the business posted $2.02 earnings per share. Equities analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.70 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.72%. Littelfuse's payout ratio 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.