Hsbc Holdings PLC Grows Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Hsbc Holdings PLC raised its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 293.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,711 shares of the technology company's stock after buying an additional 2,769 shares during the quarter. Hsbc Holdings PLC's holdings in Littelfuse were worth $872,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LFUS. Charles Schwab Investment Management Inc. grew its stake in shares of Littelfuse by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company's stock valued at $73,649,000 after buying an additional 8,588 shares during the period. Atria Wealth Solutions Inc. lifted its holdings 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 acquiring an additional 50 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Littelfuse in the fourth quarter worth approximately $5,892,000. Bank of New York Mellon Corp increased its stake in Littelfuse by 7.4% during the fourth quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company's stock worth $61,293,000 after acquiring an additional 18,013 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Littelfuse by 0.4% in the fourth quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company's stock valued at $121,048,000 after purchasing an additional 2,056 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

Littelfuse Price Performance

Shares of LFUS opened at $192.80 on Monday. The company has a market cap of $4.76 billion, a P/E ratio of 42.84, 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. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The firm's 50 day moving average price is $189.90 and its 200 day moving average price is $224.58.

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

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse's dividend payout ratio is presently 64.81%.

Analyst Ratings Changes

LFUS has been the subject of a number of recent analyst reports. Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Oppenheimer decreased their price objective on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a report on Thursday. 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 Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Littelfuse presently has a consensus rating of "Hold" and an average 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.

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