Westwood Holdings Group Inc. Boosts Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Westwood Holdings Group Inc. boosted its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 347,364 shares of the technology company's stock after purchasing an additional 9,705 shares during the quarter. Westwood Holdings Group Inc. owned about 1.40% of Littelfuse worth $81,856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quent Capital LLC boosted its holdings in shares of Littelfuse by 525.0% in 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. boosted its holdings in shares of Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock worth $38,000 after purchasing an additional 105 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of Littelfuse in the 4th quarter worth approximately $40,000. Smartleaf Asset Management LLC boosted 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 worth $44,000 after purchasing an additional 159 shares during the period. Finally, Global X Japan Co. Ltd. boosted its holdings in shares of 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 period. Institutional investors own 96.14% of the company's stock.

Insider Transactions at Littelfuse

In related news, SVP Deepak Nayar sold 1,477 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the transaction, the senior vice president now directly owns 5,975 shares in the company, valued at $1,180,062.50. The trade was a 19.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.50% of the company's stock.

Littelfuse Stock Down 1.3%

Shares of LFUS stock traded down $2.78 during mid-day trading on Friday, hitting $205.40. The stock had a trading volume of 165,016 shares, compared to its average volume of 159,772. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.58. The firm has a market capitalization of $5.08 billion, a P/E ratio of 45.64, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. The firm's 50-day moving average is $186.92 and its two-hundred day moving average is $220.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.82 by $0.37. The firm had revenue of $554.31 million during the quarter, compared to analyst estimates of $537.60 million. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The business'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 company posted $1.76 EPS. On average, analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently declared 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 1.36%. The ex-dividend date is Thursday, May 22nd. Littelfuse's payout ratio is 64.81%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wall Street Zen cut Littelfuse from a "buy" rating to a "hold" rating in a report on Wednesday. Benchmark restated a "hold" rating on shares of Littelfuse in a report on Wednesday, April 30th. Oppenheimer decreased their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Robert W. Baird upped their target price on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Littelfuse has a consensus rating of "Hold" and a consensus target price of $252.25.

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.