Wells Fargo & Company MN Sells 1,733 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Wells Fargo & Company MN cut its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,184 shares of the technology company's stock after selling 1,733 shares during the quarter. Wells Fargo & Company MN owned approximately 0.29% of Littelfuse worth $17,010,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Littelfuse during the 4th quarter valued at $131,579,000. Raymond James Financial Inc. bought a new stake in shares of Littelfuse during the fourth quarter worth $32,865,000. Vanguard Group Inc. increased its stake in shares of Littelfuse by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company's stock valued at $661,508,000 after buying an additional 40,423 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Littelfuse by 13.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company's stock valued at $74,405,000 after buying an additional 37,583 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in shares of Littelfuse in the fourth quarter valued at about $8,838,000. Institutional investors and hedge funds own 96.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LFUS. Robert W. Baird reissued a "neutral" rating and set a $182.00 price objective (down previously from $225.00) on shares of Littelfuse in a report on Tuesday. StockNews.com cut shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Baird R W cut shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $258.00.

Littelfuse Trading Up 1.0 %

Shares of NASDAQ LFUS traded up $1.51 during mid-day trading on Friday, hitting $153.89. The company's stock had a trading volume of 376,088 shares, compared to its average volume of 147,562. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.58. The company's fifty day simple moving average is $206.22 and its 200-day simple moving average is $231.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings data 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 firm earned $2.02 EPS. On average, sell-side analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Thursday, February 20th. Littelfuse's dividend payout ratio (DPR) is currently 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.