Teacher Retirement System of Texas decreased its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 56.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,783 shares of the technology company's stock after selling 3,553 shares during the quarter. Teacher Retirement System of Texas' holdings in Littelfuse were worth $656,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Atria Wealth Solutions Inc. boosted its position in Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock valued at $225,000 after buying an additional 50 shares during the period. Arizona State Retirement System grew its stake in Littelfuse by 0.7% during the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock worth $1,694,000 after purchasing an additional 51 shares in the last quarter. Assetmark Inc. grew its stake in Littelfuse by 11.4% during the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company's stock worth $189,000 after purchasing an additional 82 shares in the last quarter. Captrust Financial Advisors increased its holdings in Littelfuse by 6.5% during the 3rd quarter. Captrust Financial Advisors now owns 1,488 shares of the technology company's stock worth $395,000 after purchasing an additional 91 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in Littelfuse by 1.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,560 shares of the technology company's stock valued at $1,310,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.
Littelfuse Stock Performance
LFUS traded down $33.98 on Thursday, reaching $162.65. The company had a trading volume of 751,972 shares, compared to its average volume of 133,837. The stock has a 50-day moving average price of $224.77 and a 200-day moving average price of $239.88. The stock has a market capitalization of $4.02 billion, a PE ratio of 36.14, a P/E/G ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a 1 year low of $162.23 and a 1 year 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.
Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 previous year, the firm posted $2.02 earnings per share. As a group, research analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.
Littelfuse Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse's dividend payout ratio is currently 62.22%.
Analyst Upgrades and Downgrades
LFUS has been the topic of a number of recent research reports. Robert W. Baird cut their target price on shares of Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. Four equities research 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $280.00.
View Our Latest Report 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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