Littelfuse, Inc. (NASDAQ:LFUS) Shares Purchased by Pinebridge Investments L.P.

Pinebridge Investments L.P. increased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Littelfuse in the fourth quarter valued at approximately $131,579,000. Raymond James Financial Inc. purchased a new stake in shares of Littelfuse during the 4th quarter valued at $32,865,000. Vanguard Group Inc. increased its holdings in shares of Littelfuse by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company's stock worth $661,508,000 after buying an additional 40,423 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Littelfuse by 13.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company's stock worth $74,405,000 after buying an additional 37,583 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new position in Littelfuse in the fourth quarter valued at $8,838,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LFUS has been the topic of a number of research reports. Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. 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. Robert W. Baird boosted their price objective on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research note on Thursday. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Benchmark restated a "hold" rating on shares of Littelfuse in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Littelfuse has a consensus rating of "Hold" and a consensus price target of $252.25.

Littelfuse Stock Up 2.2 %

Shares of LFUS traded up $4.12 during mid-day trading on Friday, reaching $192.80. 254,645 shares of the stock traded hands, compared to its average volume of 156,385. The stock has a fifty day simple moving average of $189.90 and a 200 day simple moving average of $224.84. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month 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 has a market cap of $4.76 billion, a price-to-earnings ratio of 42.84, a P/E/G ratio of 2.24 and a beta of 1.30.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly 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 firm 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%. The firm's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 EPS. Sell-side analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders 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 annualized dividend and a yield of 1.45%. Littelfuse's dividend payout ratio is presently 64.81%.

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.