Deutsche Bank AG Has $2.27 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

Deutsche Bank AG lifted its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 478.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,626 shares of the technology company's stock after acquiring an additional 7,961 shares during the period. Deutsche Bank AG's holdings in Littelfuse were worth $2,268,000 as of its most recent SEC filing.

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

Littelfuse Trading Down 1.2%

Shares of NASDAQ LFUS traded down $2.50 during mid-day trading on Wednesday, hitting $209.51. The company's stock had a trading volume of 13,914 shares, compared to its average volume of 232,612. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.58. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 46.56, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. 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 company's fifty day simple moving average is $186.75 and its 200-day simple moving average is $219.35.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.37. The business had revenue of $554.31 million for the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. Littelfuse's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS. On average, sell-side analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse's payout ratio is 64.81%.

Insiders Place Their Bets

In related news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the completion of the transaction, the senior vice president now owns 5,975 shares in the company, valued at approximately $1,180,062.50. This trade represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LFUS. Oppenheimer cut 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, May 1st. Wall Street Zen cut Littelfuse from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Robert W. Baird raised their price target on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Wednesday. Finally, Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $252.25.

About Littelfuse

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.