Oppenheimer & Co. Inc. Grows Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Oppenheimer & Co. Inc. lifted its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 119.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,219 shares of the technology company's stock after purchasing an additional 7,195 shares during the quarter. Oppenheimer & Co. Inc. owned 0.05% of Littelfuse worth $3,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. JFG Wealth Management LLC purchased a new stake in shares of Littelfuse during the 4th quarter valued at about $204,000. Illinois Municipal Retirement Fund increased its position in shares of Littelfuse by 98.5% during the 4th quarter. Illinois Municipal Retirement Fund now owns 7,655 shares of the technology company's stock valued at $1,804,000 after purchasing an additional 3,798 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Littelfuse by 7.4% during 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 purchasing an additional 18,013 shares during the last quarter. Cabot Wealth Management Inc. increased its position in shares of Littelfuse by 3.7% during the 4th quarter. Cabot Wealth Management Inc. now owns 5,654 shares of the technology company's stock valued at $1,332,000 after purchasing an additional 200 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Littelfuse by 2.9% during the 4th quarter. Private Advisor Group LLC now owns 3,849 shares of the technology company's stock valued at $907,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

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Insider Transactions at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the sale, the chief accounting officer now owns 3,105 shares in the company, valued at approximately $773,207.10. This represents a 18.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LFUS shares. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research note on Wednesday, January 29th. Finally, Robert W. Baird cut their price objective on Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Littelfuse has a consensus rating of "Moderate Buy" and an average price target of $280.00.

Littelfuse Price Performance

LFUS stock traded up $2.06 during midday trading on Wednesday, hitting $217.68. The company's stock had a trading volume of 261,641 shares, compared to its average volume of 166,199. Littelfuse, Inc. has a 12 month low of $212.13 and a 12 month high of $275.58. 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 firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 48.37, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26. The company has a 50 day moving average of $236.77 and a two-hundred day moving average of $247.67.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting 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 period in the prior year, the business posted $2.02 earnings per share. On average, analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.29%. Littelfuse's dividend payout ratio (DPR) is 62.22%.

Littelfuse Profile

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.