California Public Employees Retirement System Reduces Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

California Public Employees Retirement System lowered its position in Littelfuse, Inc. (NASDAQ:LFUS) by 8.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 43,845 shares of the technology company’s stock after selling 4,226 shares during the quarter. California Public Employees Retirement System owned about 0.18% of Littelfuse worth $10,332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LFUS. FMR LLC increased its stake in shares of Littelfuse by 0.6% in the third quarter. FMR LLC now owns 24,473 shares of the technology company’s stock worth $6,491,000 after purchasing an additional 137 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Littelfuse by 14.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,848 shares of the technology company’s stock valued at $755,000 after buying an additional 366 shares in the last quarter. Captrust Financial Advisors grew its stake in Littelfuse by 6.5% in the 3rd quarter. Captrust Financial Advisors now owns 1,488 shares of the technology company’s stock valued at $395,000 after buying an additional 91 shares in the last quarter. HighTower Advisors LLC raised its holdings in Littelfuse by 4.4% during the 3rd quarter. HighTower Advisors LLC now owns 3,158 shares of the technology company’s stock valued at $839,000 after acquiring an additional 134 shares during the period. Finally, Quantinno Capital Management LP lifted its position in shares of Littelfuse by 26.6% during the third quarter. Quantinno Capital Management LP now owns 2,058 shares of the technology company’s stock worth $546,000 after acquiring an additional 433 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Stock Down 6.2 %

Shares of NASDAQ LFUS opened at $152.56 on Monday. The business has a 50-day moving average of $223.12 and a 200-day moving average of $238.99. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 2.24 and a beta of 1.30. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 12 month low of $146.29 and a 12 month high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 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 period in the previous year, the firm posted $2.02 earnings per share. Sell-side analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LFUS. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Finally, Robert W. Baird reduced 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. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse 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.