New Age Alpha Advisors LLC Purchases Shares of 4,986 Littelfuse, Inc. (NASDAQ:LFUS)

New Age Alpha Advisors LLC purchased a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,986 shares of the technology company's stock, valued at approximately $1,175,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new position in Littelfuse during the fourth quarter worth about $131,579,000. Raymond James Financial Inc. purchased a new position in shares of Littelfuse during the fourth quarter worth about $32,865,000. Vanguard Group Inc. increased its position in shares of 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 during the last quarter. Thrivent Financial for Lutherans raised its stake in Littelfuse by 13.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company's stock valued at $74,405,000 after purchasing an additional 37,583 shares in the last quarter. Finally, Harvey Partners LLC lifted its position in Littelfuse by 39.5% during the third quarter. Harvey Partners LLC now owns 132,500 shares of the technology company's stock valued at $35,146,000 after purchasing an additional 37,500 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LFUS shares. Robert W. Baird lowered their price objective on shares of Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. StockNews.com lowered Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, January 29th. Four investment 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $280.00.

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Littelfuse Trading Up 1.8 %

NASDAQ LFUS traded up $3.54 during trading on Wednesday, hitting $196.63. 289,290 shares of the company's stock traded hands, compared to its average volume of 131,628. The stock has a fifty day moving average of $227.03 and a two-hundred day moving average of $240.73. Littelfuse, Inc. has a 12-month low of $190.60 and a 12-month high of $275.58. The firm has a market cap of $4.86 billion, a P/E ratio of 43.70, a PEG ratio of 2.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62.

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

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.42%. 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.