Littelfuse, Inc. (NASDAQ:LFUS) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 21.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,740 shares of the technology company’s stock after buying an additional 7,331 shares during the quarter. Van ECK Associates Corp owned approximately 0.16% of Littelfuse worth $9,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in LFUS. Allspring Global Investments Holdings LLC lifted its stake in Littelfuse by 26.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 129,836 shares of the technology company’s stock worth $30,473,000 after purchasing an additional 26,975 shares during the last quarter. Quent Capital LLC lifted its stake in Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock valued at $29,000 after buying an additional 105 shares during the last quarter. Entropy Technologies LP bought a new stake in Littelfuse in the fourth quarter valued at $401,000. Wilmington Savings Fund Society FSB lifted its stake in Littelfuse by 55.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 492 shares of the technology company’s stock valued at $116,000 after buying an additional 175 shares during the last quarter. Finally, Lecap Asset Management Ltd. bought a new stake in Littelfuse in the fourth quarter valued at $378,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insider Activity at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the sale, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.30% of the company’s stock.

Littelfuse Trading Down 0.3 %

Shares of LFUS opened at $246.87 on Monday. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 12-month low of $222.73 and a 12-month high of $275.58. The firm has a market capitalization of $6.13 billion, a PE ratio of 54.86, a price-to-earnings-growth ratio of 2.05 and a beta of 1.26. The stock’s fifty day simple moving average is $237.74 and its 200-day simple moving average is $248.36.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting analysts’ consensus estimates 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 firm earned $2.02 earnings per share. As a group, research analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.13%. Littelfuse’s dividend payout ratio (DPR) is presently 62.22%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LFUS shares. Robert W. Baird lowered their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.