JPMorgan Chase & Co. cut its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,590 shares of the technology company's stock after selling 16,705 shares during the quarter. JPMorgan Chase & Co. owned about 1.00% of Littelfuse worth $58,345,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC raised its stake in Littelfuse by 126.9% in the 3rd quarter. Jane Street Group LLC now owns 11,418 shares of the technology company's stock valued at $3,029,000 after acquiring an additional 6,386 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Littelfuse by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company's stock valued at $73,649,000 after buying an additional 8,588 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of Littelfuse by 5.5% during the 4th 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 in the last quarter. Proficio Capital Partners LLC bought a new position in Littelfuse in the 4th quarter worth approximately $5,892,000. Finally, Bank of New York Mellon Corp grew its stake in Littelfuse by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company's stock valued at $61,293,000 after buying an additional 18,013 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.
Littelfuse Price Performance
Shares of NASDAQ:LFUS traded up $16.90 on Wednesday, hitting $166.62. The company's stock had a trading volume of 743,248 shares, compared to its average volume of 141,111. The company has a market capitalization of $4.12 billion, a PE ratio of 37.03, a PEG ratio of 2.24 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The company has a 50-day simple moving average of $215.58 and a 200 day simple moving average of $235.72. Littelfuse, Inc. has a 1 year low of $145.02 and a 1 year high of $275.58.
Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share 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 in the prior year, the company earned $2.02 EPS. Sell-side analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.
Littelfuse Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.68%. Littelfuse's dividend payout ratio is presently 62.22%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on LFUS shares. Robert W. Baird cut their price target on Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $280.00.
Read Our Latest Report on LFUS
About Littelfuse
(
Free Report)
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.
Further Reading
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