Trexquant Investment LP acquired a new stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,457 shares of the technology company's stock, valued at approximately $3,642,000. Trexquant Investment LP owned 0.06% of Littelfuse as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently modified their holdings of the company. FMR LLC raised its position in Littelfuse by 0.6% during the 3rd quarter. FMR LLC now owns 24,473 shares of the technology company's stock worth $6,491,000 after buying an additional 137 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Littelfuse by 14.7% in the third quarter. BNP Paribas Financial Markets now owns 2,848 shares of the technology company's stock worth $755,000 after acquiring an additional 366 shares during the period. Captrust Financial Advisors raised its holdings in shares of Littelfuse by 6.5% during the third 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 last quarter. HighTower Advisors LLC lifted its position in Littelfuse by 4.4% during the third quarter. HighTower Advisors LLC now owns 3,158 shares of the technology company's stock valued at $839,000 after purchasing an additional 134 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in Littelfuse by 26.6% in the third quarter. Quantinno Capital Management LP now owns 2,058 shares of the technology company's stock valued at $546,000 after purchasing an additional 433 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on LFUS. Robert W. Baird reduced 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. Benchmark reissued a "hold" rating on shares of Littelfuse in a report on Thursday. Finally, StockNews.com cut shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three 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. According to data from MarketBeat, Littelfuse currently has an average rating of "Moderate Buy" and an average price target of $285.00.
Check Out Our Latest Stock Analysis on Littelfuse
Littelfuse Price Performance
LFUS stock traded up $2.68 during mid-day trading on Friday, reaching $155.40. 517,894 shares of the company's stock were exchanged, compared to its average volume of 143,883. 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, Inc. has a 12-month low of $142.10 and a 12-month high of $275.58. The stock's 50 day moving average is $212.49 and its 200 day moving average is $234.27. The company has a market cap of $3.84 billion, a price-to-earnings 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 released its quarterly 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 net margin of 5.16% and a return on equity of 8.55%. During the same period in the previous year, the company posted $2.02 EPS. On average, research analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.
Littelfuse Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse's dividend payout ratio is presently 62.22%.
Littelfuse Company 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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