Massachusetts Financial Services Co. MA cut its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,001 shares of the technology company's stock after selling 2,534 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.56% of Littelfuse worth $32,991,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Quent Capital LLC raised its stake in Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock valued at $29,000 after buying an additional 105 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock valued at $38,000 after acquiring an additional 105 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Littelfuse in the 4th quarter worth about $40,000. Smartleaf Asset Management LLC boosted its stake in 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 purchasing an additional 159 shares in the last quarter. Finally, Global X Japan Co. Ltd. grew its position in Littelfuse by 221.0% during the 4th quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company's stock valued at $61,000 after purchasing an additional 179 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
LFUS has been the subject of several recent analyst reports. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Thursday. Robert W. Baird decreased their price objective on shares of Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Finally, StockNews.com downgraded Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $285.00.
Read Our Latest Analysis on LFUS
Littelfuse Stock Performance
Shares of LFUS stock traded up $2.68 during trading hours on Friday, reaching $155.40. The company had a trading volume of 517,894 shares, compared to its average volume of 143,883. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The business has a fifty day moving average price of $212.49 and a 200-day moving average price of $234.27. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.58. The firm has a market cap of $3.84 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30.
Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) 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 company earned $2.02 EPS. Sell-side analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.
Littelfuse Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued 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 yield of 1.80%. Littelfuse's dividend payout ratio is currently 62.22%.
Littelfuse Profile
(
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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