Two Sigma Securities LLC bought a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,629 shares of the technology company's stock, valued at approximately $620,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC lifted its position in Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock valued at $29,000 after purchasing an additional 105 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of 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 fourth quarter worth about $40,000. Smartleaf Asset Management LLC increased its stake in 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 acquiring an additional 159 shares during the last quarter. Finally, Global X Japan Co. Ltd. raised its position in Littelfuse by 221.0% during 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 period. 96.14% of the stock is owned by hedge funds and other institutional investors.
Littelfuse Stock Up 4.2 %
Shares of Littelfuse stock traded up $7.63 during trading on Thursday, hitting $189.94. 113,140 shares of the stock traded hands, compared to its average volume of 156,102. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The stock's fifty day simple moving average is $192.08 and its 200 day simple moving average is $226.01. The firm has a market cap of $4.69 billion, a P/E ratio of 42.21, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. Littelfuse, Inc. has a 52-week low of $142.10 and a 52-week high of $275.58.
Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.37. The firm 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 company's revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.76 EPS. On average, equities analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.
Littelfuse Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse's payout ratio is 62.22%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on LFUS shares. Robert W. Baird boosted their target price on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday. 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. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research report on Wednesday. Finally, StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Five 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.com, the stock currently has an average rating of "Hold" and an average price target of $252.25.
Check Out Our Latest Stock Report on LFUS
About Littelfuse
(
Free Report)
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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