4,397 Shares in Littelfuse, Inc. (NASDAQ:LFUS) Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new stake in Littelfuse, Inc. (NASDAQ:LFUS) during the 4th quarter, Holdings Channel reports. The fund bought 4,397 shares of the technology company’s stock, valued at approximately $1,036,000.

Several other hedge funds and other institutional investors have also bought and sold shares of LFUS. Atria Wealth Solutions Inc. raised its position in shares of Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after purchasing an additional 50 shares during the period. Arizona State Retirement System boosted its holdings in shares of Littelfuse by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock valued at $1,694,000 after buying an additional 51 shares during the last quarter. Assetmark Inc. increased its stake in shares of Littelfuse by 11.4% during the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company’s stock worth $189,000 after purchasing an additional 82 shares during the last quarter. Captrust Financial Advisors raised its stake in Littelfuse by 6.5% in the third 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 during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in Littelfuse by 1.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,560 shares of the technology company’s stock valued at $1,310,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Littelfuse Trading Up 1.8 %

Shares of NASDAQ LFUS opened at $155.40 on Friday. The stock has a market cap of $3.84 billion, a P/E ratio of 34.53, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. Littelfuse, Inc. has a 52-week low of $142.10 and a 52-week high of $275.58. The firm has a 50 day moving average price of $212.49 and a two-hundred day moving average price of $234.27.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 business posted $2.02 earnings per share. As a group, equities analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The firm 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Thursday, February 20th. Littelfuse’s payout ratio is 62.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Thursday. Finally, Robert W. Baird reduced their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Littelfuse currently has an average rating of “Moderate Buy” and a consensus target price of $285.00.

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.