Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 43,817 shares of the technology company's stock after selling 2,805 shares during the quarter. Legal & General Group Plc owned about 0.18% of Littelfuse worth $10,325,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. lifted its holdings in shares of Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after purchasing an additional 50 shares during the period. Arizona State Retirement System lifted its stake in Littelfuse by 0.7% during the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock valued at $1,694,000 after acquiring an additional 51 shares during the period. Assetmark Inc. lifted its stake in Littelfuse by 11.4% during the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company's stock valued at $189,000 after acquiring an additional 82 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Littelfuse by 1.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,560 shares of the technology company's stock valued at $1,310,000 after acquiring an additional 96 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock worth $38,000 after acquiring an additional 105 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

Analyst Ratings Changes

LFUS has been the topic of several recent research reports. StockNews.com lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Robert W. Baird restated a "neutral" rating and issued a $182.00 target price (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 report on Thursday, April 10th. Finally, Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $258.00.

Littelfuse Price Performance

NASDAQ LFUS traded up $7.25 during trading hours on Tuesday, reaching $163.38. The company's stock had a trading volume of 435,823 shares, compared to its average volume of 150,034. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 36.31, a P/E/G ratio of 2.24 and a beta of 1.30. The company's 50-day moving average is $201.09 and its two-hundred day moving average is $229.17. 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 1-year low of $142.10 and a 1-year high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share 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 in the prior year, the business posted $2.02 earnings per share. On average, equities analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.71%. Littelfuse's dividend payout ratio is currently 62.22%.

Littelfuse Company 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.