Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 361,543 shares of the technology company's stock after selling 2,554 shares during the period. Brown Advisory Inc. owned about 1.46% of Littelfuse worth $85,198,000 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 stake in shares of Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock valued at $29,000 after acquiring an additional 105 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock valued at $38,000 after purchasing an additional 105 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Littelfuse in the 4th quarter valued at about $40,000. Smartleaf Asset Management LLC increased its stake in shares of Littelfuse by 548.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock worth $44,000 after buying an additional 159 shares during the period. Finally, Global X Japan Co. Ltd. increased its stake in shares of Littelfuse by 221.0% during the fourth quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company's stock worth $61,000 after buying an additional 179 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

Littelfuse Stock Up 2.2 %

Shares of Littelfuse stock opened at $192.80 on Monday. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.58. 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. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The firm has a fifty day moving average of $189.90 and a two-hundred day moving average of $224.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted 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. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The firm had revenue of $554.31 million during the quarter, compared to analysts' expectations of $537.60 million. During the same period in the prior year, the company posted $1.76 earnings per share. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently disclosed 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. This represents a $2.80 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse's dividend payout ratio is presently 64.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Robert W. Baird raised their target price on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research report on Thursday. Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Wednesday, April 30th. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Oppenheimer reduced their price target on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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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