Proficio Capital Partners LLC Buys New Shares in Littelfuse, Inc. (NASDAQ:LFUS)

Proficio Capital Partners LLC bought a new stake in Littelfuse, Inc. (NASDAQ:LFUS) during the fourth quarter, HoldingsChannel reports. The fund bought 25,003 shares of the technology company’s stock, valued at approximately $5,892,000.

A number of other institutional investors have also added to or reduced their stakes in LFUS. Verition Fund Management LLC bought a new position in Littelfuse in the third quarter valued at $14,480,000. Jennison Associates LLC increased its stake in Littelfuse by 38.4% in the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock valued at $48,048,000 after acquiring an additional 50,304 shares during the last quarter. Harvey Partners LLC increased its stake in Littelfuse by 39.5% in the third quarter. Harvey Partners LLC now owns 132,500 shares of the technology company’s stock valued at $35,146,000 after acquiring an additional 37,500 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Littelfuse by 26.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 129,836 shares of the technology company’s stock valued at $30,473,000 after acquiring an additional 26,975 shares during the last quarter. Finally, State Street Corp increased its stake in Littelfuse by 3.4% in the third quarter. State Street Corp now owns 747,082 shares of the technology company’s stock valued at $198,164,000 after acquiring an additional 24,571 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Robert W. Baird cut their price target on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. 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 company. Based on data from MarketBeat.com, Littelfuse has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Trading Up 2.6 %

LFUS opened at $210.51 on Monday. Littelfuse, Inc. has a one year low of $201.97 and a one 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 business has a 50 day simple moving average of $233.28 and a two-hundred day simple moving average of $244.72. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 46.78, a PEG ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting 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 last year, the company posted $2.02 EPS. Analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.33%. Littelfuse’s dividend payout ratio is currently 62.22%.

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.