Bragg Financial Advisors Inc Raises Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Bragg Financial Advisors Inc boosted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,587 shares of the technology company's stock after buying an additional 5,120 shares during the period. Bragg Financial Advisors Inc owned approximately 0.08% of Littelfuse worth $4,616,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC increased its holdings in Littelfuse by 525.0% during the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company's stock worth $29,000 after purchasing an additional 105 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock valued at $38,000 after buying an additional 105 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Littelfuse in the fourth quarter worth about $40,000. Smartleaf Asset Management LLC raised its holdings in shares of Littelfuse by 548.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock valued at $44,000 after purchasing an additional 159 shares in the last quarter. Finally, Global X Japan Co. Ltd. boosted its stake in shares of Littelfuse by 221.0% during the fourth quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company's stock valued at $61,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. StockNews.com downgraded Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Thursday, April 10th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $182.00 price target (down from $225.00) on shares of Littelfuse in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $258.00.

Littelfuse Stock Performance

Shares of NASDAQ LFUS traded up $1.51 during midday trading on Friday, reaching $153.89. The company had a trading volume of 376,088 shares, compared to its average volume of 147,832. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $275.58. The business's 50-day simple moving average is $204.50 and its 200 day simple moving average is $230.71. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.80 billion, a P/E ratio of 34.20, a P/E/G ratio of 2.24 and a beta of 1.30.

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

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given 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 is presently 62.22%.

Littelfuse Company 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.