Littelfuse, Inc. (NASDAQ:LFUS) Stock Position Lowered by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC reduced its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,940 shares of the technology company's stock after selling 20,153 shares during the period. Littelfuse comprises approximately 3.1% of Grandeur Peak Global Advisors LLC's portfolio, making the stock its 8th largest position. Grandeur Peak Global Advisors LLC owned approximately 0.60% of Littelfuse worth $35,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LFUS. Sterling Capital Management LLC increased its position in shares of Littelfuse by 56.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,458 shares of the technology company's stock worth $344,000 after purchasing an additional 528 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Littelfuse by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock valued at $2,529,000 after acquiring an additional 70 shares during the period. Neuberger Berman Group LLC increased its holdings 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 valued at $246,732,000 after acquiring an additional 11,958 shares during the period. Raymond James Financial Inc. purchased a new stake in Littelfuse in the 4th quarter valued at $32,865,000. Finally, Rathbones Group PLC grew its position in Littelfuse by 17.9% during the 4th quarter. Rathbones Group PLC now owns 21,558 shares of the technology company's stock worth $5,080,000 after purchasing an additional 3,270 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LFUS has been the topic of several recent research reports. Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. StockNews.com cut shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Robert W. Baird reissued a "neutral" rating and set a $182.00 price target (down from $225.00) on shares of Littelfuse in a report on Tuesday. Finally, Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $258.00.

Littelfuse Price Performance

Shares of LFUS traded up $2.10 on Thursday, reaching $154.48. The stock had a trading volume of 163,061 shares, compared to its average volume of 146,830. The firm has a 50-day moving average of $207.84 and a 200 day moving average of $232.21. The firm has a market capitalization of $3.82 billion, a PE ratio of 34.37, a PEG ratio of 2.24 and a beta of 1.30. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month 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.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same period last year, the business posted $2.02 EPS. Sell-side analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.81%. Littelfuse's payout ratio is currently 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.