Lord Abbett & CO. LLC grew its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 197,541 shares of the technology company's stock after purchasing an additional 3,822 shares during the quarter. Lord Abbett & CO. LLC owned 0.80% of Littelfuse worth $46,551,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of LFUS. Quent Capital LLC increased its position in shares of Littelfuse by 525.0% during the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company's stock valued at $29,000 after purchasing an additional 105 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock worth $38,000 after acquiring an additional 105 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Littelfuse in the 4th quarter worth $40,000. Smartleaf Asset Management LLC grew its holdings in shares of Littelfuse by 548.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock worth $44,000 after acquiring an additional 159 shares during the last quarter. Finally, Global X Japan Co. Ltd. grew its holdings in shares of Littelfuse by 221.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company's stock worth $61,000 after acquiring an additional 179 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Robert W. Baird restated a "neutral" rating and issued a $182.00 target price (down from $225.00) on shares of Littelfuse in a report on Tuesday, April 15th. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Thursday, April 10th. Finally, StockNews.com cut Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $258.00.
Read Our Latest Stock Report on Littelfuse
Littelfuse Stock Up 1.7 %
NASDAQ LFUS traded up $2.98 during trading on Monday, reaching $179.04. The company's stock had a trading volume of 211,258 shares, compared to its average volume of 153,952. 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 stock has a market capitalization of $4.42 billion, a PE ratio of 39.79, a PEG ratio of 2.24 and a beta of 1.30. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year high of $275.58. The business has a 50-day moving average price of $194.98 and a 200-day moving average price of $226.64.
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 (EPS) for the quarter, hitting 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 previous year, the firm earned $2.02 earnings per share. On average, research analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.
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.
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