Littelfuse, Inc. (NASDAQ:LFUS) Stake Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 513,679 shares of the technology company's stock after buying an additional 2,056 shares during the period. Victory Capital Management Inc. owned approximately 2.07% of Littelfuse worth $121,048,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Jane Street Group LLC grew its position in Littelfuse by 126.9% during the third quarter. Jane Street Group LLC now owns 11,418 shares of the technology company's stock valued at $3,029,000 after acquiring an additional 6,386 shares during the period. Chesapeake Capital Corp IL purchased a new stake in shares of Littelfuse during the 3rd quarter worth about $570,000. Thrivent Financial for Lutherans grew its holdings in shares of Littelfuse by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company's stock worth $73,781,000 after purchasing an additional 3,831 shares during the period. Atria Wealth Solutions Inc. increased its position in Littelfuse by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after purchasing an additional 50 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Littelfuse by 38.4% in the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company's stock valued at $48,048,000 after buying an additional 50,304 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the sale, the chief accounting officer now owns 3,105 shares in the company, valued at $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by corporate insiders.

Littelfuse Stock Up 1.4 %

NASDAQ LFUS traded up $3.14 during mid-day trading on Friday, reaching $219.93. 117,298 shares of the company's stock traded hands, compared to its average volume of 165,902. The company has a fifty day simple moving average of $235.96 and a 200-day simple moving average of $247.03. Littelfuse, Inc. has a 1-year low of $211.90 and a 1-year high of $275.58. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 48.87, a P/E/G ratio of 2.24 and a beta of 1.27. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

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 (EPS) for the quarter, meeting the consensus estimate 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 firm earned $2.02 EPS. As a group, equities research 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. Investors of record on Thursday, February 20th were paid a $0.70 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.27%. Littelfuse's dividend payout ratio (DPR) is 62.22%.

Analyst Ratings Changes

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

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.