Envestnet Portfolio Solutions Inc. Purchases 156 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Envestnet Portfolio Solutions Inc. lifted its position in Littelfuse, Inc. (NASDAQ:LFUS) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,673 shares of the technology company’s stock after purchasing an additional 156 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Littelfuse were worth $630,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in Littelfuse in the 3rd quarter worth about $27,000. 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 purchasing an additional 105 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after purchasing an additional 105 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in Littelfuse during the fourth quarter valued at approximately $40,000. Finally, Smartleaf Asset Management LLC grew its stake in Littelfuse by 548.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock worth $44,000 after buying an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Price Performance

Shares of NASDAQ:LFUS opened at $216.85 on Tuesday. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The stock has a market cap of $5.36 billion, a PE ratio of 48.19, a PEG ratio of 2.24 and a beta of 1.27. The company’s fifty day moving average is $230.37 and its 200 day moving average is $242.54. Littelfuse, Inc. has a 52 week low of $201.97 and a 52 week high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 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 period in the prior year, the company earned $2.02 EPS. Research analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s dividend payout ratio is 62.22%.

Wall Street Analyst Weigh In

LFUS has been the topic of several research reports. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Robert W. Baird dropped their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Littelfuse presently has a consensus rating of “Moderate Buy” and an average target price of $280.00.

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.