Ameriprise Financial Inc. Acquires 63,632 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Ameriprise Financial Inc. increased its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 119.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,940 shares of the technology company’s stock after buying an additional 63,632 shares during the period. Ameriprise Financial Inc. owned about 0.47% of Littelfuse worth $27,557,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of LFUS. Cypress Advisory Group LLC purchased a new stake in shares of Littelfuse during the fourth quarter valued at about $640,000. Schonfeld Strategic Advisors LLC lifted its position in Littelfuse by 685.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 8,047 shares of the technology company’s stock valued at $1,896,000 after acquiring an additional 7,023 shares during the last quarter. Northern Trust Corp boosted its stake in Littelfuse by 15.0% in the fourth quarter. Northern Trust Corp now owns 236,960 shares of the technology company’s stock valued at $55,840,000 after acquiring an additional 30,855 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Littelfuse by 3.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 10,799 shares of the technology company’s stock worth $2,545,000 after purchasing an additional 393 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Littelfuse during the fourth quarter worth $620,000. Institutional investors own 96.14% of the company’s stock.

Littelfuse Price Performance

Shares of LFUS opened at $219.94 on Wednesday. The business’s 50-day moving average is $186.44 and its two-hundred day moving average is $222.20. The company has a market capitalization of $5.44 billion, a P/E ratio of 48.88, a P/E/G ratio of 2.24 and a beta of 1.38. Littelfuse, Inc. has a fifty-two week low of $142.10 and a fifty-two week high of $275.58. 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 (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.37. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The company had revenue of $554.31 million during the quarter, compared to analysts’ expectations of $537.60 million. During the same period last year, the business earned $1.76 earnings per share. Littelfuse’s quarterly revenue was up 3.5% on a year-over-year basis. Research analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, May 22nd. Littelfuse’s payout ratio is currently 64.81%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Oppenheimer dropped their price target on Littelfuse from $310.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. Robert W. Baird raised their price target on shares of Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, April 30th. Finally, Baird R W downgraded Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Littelfuse currently has an average rating of “Hold” and an average price target of $252.25.

Insider Activity

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $197.50, for a total value of $291,707.50. Following the sale, the senior vice president now owns 5,975 shares in the company, valued at $1,180,062.50. This trade represents a 19.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.50% of the company’s stock.

Littelfuse Company 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.