Norges Bank purchased a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 558,366 shares of the technology company's stock, valued at approximately $131,579,000. Norges Bank owned about 2.25% of Littelfuse as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Littelfuse by 1.5% during 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 period. State Street Corp grew its position in shares of Littelfuse by 3.4% during the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company's stock worth $198,164,000 after buying an additional 24,571 shares during the period. Victory Capital Management Inc. increased its stake in shares of Littelfuse by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company's stock valued at $121,048,000 after acquiring an additional 2,056 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Littelfuse by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company's stock valued at $114,607,000 after acquiring an additional 1,525 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in Littelfuse by 13.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company's stock worth $74,405,000 after acquiring an additional 37,583 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.
Littelfuse Stock Down 17.3 %
NASDAQ:LFUS traded down $33.98 during trading hours on Thursday, hitting $162.65. 751,972 shares of the company traded hands, compared to its average volume of 134,090. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The company has a market cap of $4.02 billion, a PE ratio of 36.14, a PEG ratio of 2.24 and a beta of 1.27. The firm's 50-day simple moving average is $226.25 and its 200-day simple moving average is $240.42. Littelfuse, Inc. has a one year low of $162.33 and a one year high of $275.58.
Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly 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 quarter last year, the company earned $2.02 EPS. Equities analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.
Littelfuse Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors 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 1.72%. Littelfuse's dividend payout ratio (DPR) is presently 62.22%.
Wall Street Analyst Weigh In
LFUS has been the topic of a number of research analyst reports. StockNews.com cut shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Robert W. Baird decreased their price objective on Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Finally, Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Littelfuse presently has a consensus rating of "Moderate Buy" and a consensus target price of $280.00.
Check Out Our Latest Analysis on Littelfuse
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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