Gamco Investors INC. ET AL Cuts Position in Littelfuse, Inc. (NASDAQ:LFUS)

Gamco Investors INC. ET AL decreased its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,400 shares of the technology company's stock after selling 3,600 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.14% of Littelfuse worth $8,342,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quent Capital LLC grew its holdings in shares of Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock worth $29,000 after buying an additional 105 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings 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 acquiring an additional 105 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in Littelfuse in the 4th quarter worth approximately $40,000. Smartleaf Asset Management LLC grew its position in shares of Littelfuse by 548.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock valued at $44,000 after purchasing an additional 159 shares in the last quarter. Finally, Global X Japan Co. Ltd. increased its holdings in shares of Littelfuse by 221.0% in the fourth quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company's stock valued at $61,000 after purchasing an additional 179 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com lowered Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Robert W. Baird reissued a "neutral" rating and issued a $182.00 price target (down previously from $225.00) on shares of Littelfuse in a research note on Tuesday, April 15th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research report on Thursday, April 10th. Finally, Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $258.00.

Littelfuse Trading Up 3.0 %

NASDAQ LFUS traded up $4.65 on Tuesday, reaching $160.78. The stock had a trading volume of 61,643 shares, compared to its average volume of 220,835. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.58. The stock has a fifty day moving average price of $202.78 and a two-hundred day moving average price of $229.63. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 35.76, a P/E/G ratio of 2.24 and a beta of 1.30. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same quarter last year, the business posted $2.02 EPS. As a group, sell-side analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.74%. Littelfuse's dividend payout ratio is presently 62.22%.

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.