Vulcan Value Partners LLC Lowers Position in Littelfuse, Inc. (NASDAQ:LFUS)

Vulcan Value Partners LLC cut its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 200,093 shares of the technology company's stock after selling 16,851 shares during the quarter. Littelfuse makes up approximately 0.8% of Vulcan Value Partners LLC's investment portfolio, making the stock its 24th largest holding. Vulcan Value Partners LLC owned about 0.81% of Littelfuse worth $47,152,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LFUS. Vanguard Group Inc. raised its stake 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 acquiring an additional 40,423 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Littelfuse by 1.2% during the fourth quarter. Neuberger Berman Group LLC now owns 1,047,025 shares of the technology company's stock worth $246,732,000 after purchasing an additional 11,958 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Littelfuse by 7.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company's stock valued at $179,895,000 after purchasing an additional 55,835 shares during the last quarter. Norges Bank acquired a new stake in shares of Littelfuse in the 4th quarter worth $131,579,000. Finally, Victory Capital Management Inc. boosted its position in shares of Littelfuse by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company's stock worth $121,048,000 after purchasing an additional 2,056 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on LFUS. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research note on Wednesday. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Oppenheimer lowered 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. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Robert W. Baird raised their price target on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Littelfuse has an average rating of "Hold" and an average target price of $252.25.

Littelfuse Stock Performance

Shares of Littelfuse stock traded up $7.27 on Thursday, reaching $189.58. 122,535 shares of the stock were exchanged, compared to its average volume of 156,135. The business has a 50 day moving average price of $192.08 and a two-hundred day moving average price of $226.01. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 2.24 and a beta of 1.30. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve 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.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.82 by $0.37. The business had revenue of $554.31 million during the quarter, compared to analysts' expectations of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The business's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 EPS. Analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse's payout ratio is 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.