Commonwealth Equity Services LLC Increases Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Commonwealth Equity Services LLC grew its position in Littelfuse, Inc. (NASDAQ:LFUS) by 10.0% during the 4th quarter, Holdings Channel reports. The fund owned 1,323 shares of the technology company’s stock after buying an additional 120 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Littelfuse were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Atria Wealth Solutions Inc. boosted its position in 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 in the last quarter. Arizona State Retirement System raised its stake in shares of Littelfuse by 0.7% during the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock worth $1,694,000 after buying an additional 51 shares during the last quarter. Assetmark Inc. boosted its position in shares of Littelfuse by 11.4% in the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company’s stock worth $189,000 after buying an additional 82 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Littelfuse by 6.5% in the 3rd quarter. Captrust Financial Advisors now owns 1,488 shares of the technology company’s stock worth $395,000 after buying an additional 91 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Littelfuse by 1.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,560 shares of the technology company’s stock valued at $1,310,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Performance

Shares of NASDAQ LFUS opened at $160.04 on Tuesday. The company has a 50-day simple moving average of $221.74 and a 200-day simple moving average of $238.25. 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 company has a market cap of $3.96 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. Littelfuse, Inc. has a 12 month low of $146.29 and a 12 month high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 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 period in the previous year, the company posted $2.02 earnings per share. On average, equities analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a $0.70 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.75%. Littelfuse’s payout ratio is currently 62.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LFUS shares. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. StockNews.com downgraded Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, Robert W. Baird reduced their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Four equities research 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’s stock. According to data from MarketBeat.com, Littelfuse presently has a consensus rating of “Moderate Buy” and an average price target of $280.00.

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.