Xact Kapitalforvaltning AB bought a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,165 shares of the technology company’s stock, valued at approximately $428,000.
Several other institutional investors have also recently made changes to their positions in LFUS. Coldstream Capital Management Inc. acquired a new position in shares of Littelfuse during the third quarter valued at approximately $204,000. Zeke Capital Advisors LLC acquired a new position in shares of Littelfuse during the fourth quarter valued at approximately $210,000. Advisor Partners LLC acquired a new position in shares of Littelfuse during the fourth quarter valued at approximately $212,000. Stone Ridge Asset Management LLC acquired a new position in shares of Littelfuse during the fourth quarter valued at approximately $218,000. Finally, Jane Street Group LLC acquired a new position in shares of Littelfuse during the third quarter valued at approximately $226,000. 94.32% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on LFUS. BidaskClub cut Littelfuse from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 28th. Zacks Investment Research raised Littelfuse from a “hold” rating to a “buy” rating and set a $233.00 price target for the company in a report on Wednesday, March 7th. Finally, ValuEngine raised Littelfuse from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $212.00.
NASDAQ:LFUS opened at $198.63 on Friday. Littelfuse, Inc. has a one year low of $149.81 and a one year high of $226.33. The company has a quick ratio of 2.90, a current ratio of 3.52 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $5,037.99, a P/E ratio of 26.21, a P/E/G ratio of 1.98 and a beta of 0.99.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.68 by $0.13. Littelfuse had a return on equity of 19.65% and a net margin of 9.78%. The firm had revenue of $304.85 million during the quarter, compared to analysts’ expectations of $299.88 million. During the same quarter last year, the firm earned $1.57 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. equities research analysts anticipate that Littelfuse, Inc. will post 8.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Thursday, February 22nd were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.48 annualized dividend and a dividend yield of 0.75%. Littelfuse’s dividend payout ratio is presently 19.12%.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse, Inc. (NASDAQ:LFUS).
Receive News & Ratings for Littelfuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse and related companies with MarketBeat.com's FREE daily email newsletter.