Pinebridge Investments L.P. Acquires 2,802 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Pinebridge Investments L.P. raised its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,366 shares of the technology company's stock after acquiring an additional 2,802 shares during the quarter. Pinebridge Investments L.P.'s holdings in Littelfuse were worth $2,207,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atria Wealth Solutions Inc. increased its position in Littelfuse by 5.5% in the 4th 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 in the last quarter. Arizona State Retirement System boosted its position in Littelfuse by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock valued at $1,694,000 after buying an additional 51 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Littelfuse by 0.7% during the fourth 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 last quarter. Assetmark Inc. raised its holdings in Littelfuse by 11.4% during the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company's stock worth $189,000 after purchasing an additional 82 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted 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 buying an additional 96 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LFUS. Robert W. Baird boosted their target price on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research report on Thursday. Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Wednesday. Finally, Oppenheimer reduced their target price on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Littelfuse has a consensus rating of "Hold" and an average price target of $252.25.

Littelfuse Stock Up 3.5 %

LFUS stock traded up $6.37 during midday trading on Thursday, hitting $188.68. The company's stock had a trading volume of 316,669 shares, compared to its average volume of 156,881. The company's fifty day moving average price is $192.08 and its 200 day moving average price is $226.01. 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, Inc. has a twelve month low of $142.10 and a twelve month high of $275.58. The stock has a market capitalization of $4.66 billion, a P/E ratio of 41.93, a PEG ratio of 2.24 and a beta of 1.30.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results 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 business had revenue of $554.31 million for 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%. Littelfuse's revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.76 earnings per share. As a group, equities research analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 1.48%. Littelfuse's payout ratio is 64.81%.

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.