Entropy Technologies LP Acquires New Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Entropy Technologies LP bought a new stake in Littelfuse, Inc. (NASDAQ:LFUS) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,700 shares of the technology company’s stock, valued at approximately $401,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pathstone Holdings LLC raised its stake in Littelfuse by 0.6% in the 3rd quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock valued at $1,730,000 after purchasing an additional 40 shares during the last quarter. Assetmark Inc. raised its stake in Littelfuse by 6.5% in the 3rd quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock valued at $191,000 after purchasing an additional 44 shares during the last quarter. US Bancorp DE raised its stake in Littelfuse by 1.4% in the 3rd quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock valued at $911,000 after purchasing an additional 49 shares during the last quarter. Tributary Capital Management LLC raised its stake in Littelfuse by 1.4% in the 3rd quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 55 shares during the last quarter. Finally, Huntington National Bank raised its stake in Littelfuse by 200.0% in the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Price Performance

NASDAQ:LFUS opened at $242.51 on Thursday. The business’s 50-day moving average price is $237.73 and its 200 day moving average price is $248.70. The firm has a market cap of $6.02 billion, a P/E ratio of 53.89, a PEG ratio of 2.05 and a beta of 1.26. Littelfuse, Inc. has a 52-week low of $222.73 and a 52-week 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) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same period last year, the business posted $2.02 earnings per share. As a group, sell-side analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.15%. Littelfuse’s dividend payout ratio is 62.22%.

Analysts Set New Price Targets

A number of research analysts have recently commented on LFUS shares. Robert W. Baird dropped their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a research note on Thursday, October 17th. Finally, StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Insider Activity

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. The trade was a 18.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is owned by corporate insiders.

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.