Littelfuse, Inc. (NASDAQ:LFUS) Stake Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 442,554 shares of the technology company's stock after acquiring an additional 22,287 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.78% of Littelfuse worth $104,287,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Littelfuse by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company's stock worth $661,508,000 after purchasing an additional 40,423 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of Littelfuse by 1.2% in the 4th quarter. Neuberger Berman Group LLC now owns 1,047,025 shares of the technology company's stock worth $246,732,000 after acquiring an additional 11,958 shares in the last quarter. Norges Bank bought a new stake in shares of Littelfuse in the 4th quarter valued at approximately $131,579,000. Victory Capital Management Inc. raised its position in shares of Littelfuse by 0.4% during the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company's stock valued at $121,048,000 after acquiring an additional 2,056 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Littelfuse by 13.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company's stock worth $74,405,000 after purchasing an additional 37,583 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Littelfuse Stock Performance

LFUS opened at $176.06 on Monday. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $275.58. The stock has a market cap of $4.35 billion, a PE ratio of 39.12, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. The business's 50 day moving average is $196.50 and its 200-day moving average is $227.19. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (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 last year, the firm posted $2.02 earnings per share. On average, analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

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.

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