Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC cut its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,383 shares of the technology company’s stock after selling 221 shares during the period. Orion Portfolio Solutions LLC’s holdings in Littelfuse were worth $1,033,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA increased its position in shares of Littelfuse by 13.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,876 shares of the technology company’s stock worth $913,000 after purchasing an additional 465 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Littelfuse in the fourth quarter valued at approximately $1,175,000. Norges Bank purchased a new position in Littelfuse during the fourth quarter worth approximately $131,579,000. Loomis Sayles & Co. L P boosted its stake in Littelfuse by 1.9% during the fourth quarter. Loomis Sayles & Co. L P now owns 101,034 shares of the technology company’s stock worth $23,809,000 after buying an additional 1,898 shares during the last quarter. Finally, Zions Bancorporation N.A. grew its holdings in shares of Littelfuse by 17.6% in the fourth quarter. Zions Bancorporation N.A. now owns 6,422 shares of the technology company’s stock valued at $1,513,000 after purchasing an additional 959 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Stock Down 6.2 %

Shares of NASDAQ:LFUS opened at $152.56 on Friday. The firm has a market capitalization of $3.77 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a 1 year low of $146.29 and a 1 year high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The firm’s 50-day moving average is $223.12 and its two-hundred day moving average is $239.09.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter last year, the firm posted $2.02 EPS. Analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.70 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.84%. Littelfuse’s dividend payout ratio (DPR) is 62.22%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LFUS. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Robert W. Baird reduced their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.