Cypress Advisory Group LLC Takes $640,000 Position in Littelfuse, Inc. (NASDAQ:LFUS)

Cypress Advisory Group LLC purchased a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,715 shares of the technology company's stock, valued at approximately $640,000.

Several other institutional investors and hedge funds have also modified their holdings of LFUS. Atria Wealth Solutions Inc. increased its stake in Littelfuse by 5.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock valued at $225,000 after purchasing an additional 50 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Littelfuse by 0.7% during the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock valued at $1,694,000 after acquiring an additional 51 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Littelfuse by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock worth $2,529,000 after acquiring an additional 70 shares during the period. Assetmark Inc. boosted its position in shares of Littelfuse by 11.4% in the fourth quarter. Assetmark Inc. now owns 801 shares of the technology company's stock worth $189,000 after acquiring an additional 82 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Littelfuse by 1.8% in the fourth 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 during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

Littelfuse Stock Up 1.6 %

LFUS traded up $3.10 during trading hours on Monday, reaching $195.90. 228,895 shares of the stock traded hands, compared to its average volume of 156,675. 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 firm's fifty day simple moving average is $189.90 and its two-hundred day simple moving average is $224.58. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 2.24 and a beta of 1.30. Littelfuse, Inc. has a fifty-two week low of $142.10 and a fifty-two week high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.37. The company had revenue of $554.31 million for the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. Littelfuse's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 EPS. As a group, analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, May 22nd. Littelfuse's payout ratio is currently 64.81%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LFUS. Oppenheimer decreased their price target on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a report on Thursday. Baird R W lowered shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Robert W. Baird increased their price objective on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research report on Thursday. StockNews.com lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $252.25.

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.