LPL Financial LLC Lowers Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)


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LPL Financial LLC decreased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 34.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,024 shares of the technology company’s stock after selling 1,072 shares during the quarter. LPL Financial LLC’s holdings in Littelfuse were worth $515,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LFUS. Lord Abbett & CO. LLC boosted its stake in shares of Littelfuse by 58.1% during the 4th quarter. Lord Abbett & CO. LLC now owns 318,679 shares of the technology company’s stock worth $81,155,000 after acquiring an additional 117,062 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Littelfuse by 124.8% during the 4th quarter. First Trust Advisors LP now owns 187,609 shares of the technology company’s stock worth $47,777,000 after acquiring an additional 104,164 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Littelfuse by 2.4% during the 4th quarter. BlackRock Inc. now owns 2,037,030 shares of the technology company’s stock worth $518,748,000 after acquiring an additional 48,090 shares in the last quarter. FMR LLC boosted its stake in shares of Littelfuse by 12,836.6% during the 1st quarter. FMR LLC now owns 26,520 shares of the technology company’s stock worth $4,839,000 after acquiring an additional 26,315 shares in the last quarter. Finally, FIL Ltd boosted its stake in shares of Littelfuse by 89.3% during the 4th quarter. FIL Ltd now owns 44,202 shares of the technology company’s stock worth $11,256,000 after acquiring an additional 20,853 shares in the last quarter. 94.16% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently issued reports on LFUS. Zacks Investment Research raised Littelfuse from a “hold” rating to a “buy” rating and set a $299.00 target price on the stock in a research note on Wednesday. CL King began coverage on Littelfuse in a research note on Wednesday. They issued a “buy” rating and a $300.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $245.50.

LFUS stock opened at $272.34 on Friday. Littelfuse, Inc. has a 1 year low of $125.03 and a 1 year high of $287.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.86 and a current ratio of 4.90. The stock’s 50 day moving average price is $265.05 and its 200 day moving average price is $244.26. The firm has a market cap of $6.69 billion, a P/E ratio of 71.67, a PEG ratio of 3.17 and a beta of 1.17.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, February 3rd. The technology company reported $2.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.65. The company had revenue of $401.00 million during the quarter, compared to the consensus estimate of $374.40 million. Littelfuse had a return on equity of 8.76% and a net margin of 6.77%. Littelfuse’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, research analysts predict that Littelfuse, Inc. will post 5.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 4th. Shareholders of record on Thursday, February 18th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, February 17th. This represents a $1.92 annualized dividend and a yield of 0.71%. Littelfuse’s dividend payout ratio (DPR) is presently 28.15%.

In other Littelfuse news, Director Nathan Zommer sold 2,500 shares of the business’s stock in a transaction on Monday, February 1st. The stock was sold at an average price of $250.71, for a total value of $626,775.00. Following the completion of the transaction, the director now directly owns 276,610 shares in the company, valued at approximately $69,348,893.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Meenal Sethna sold 1,178 shares of the business’s stock in a transaction on Monday, March 8th. The shares were sold at an average price of $260.00, for a total value of $306,280.00. Following the completion of the transaction, the chief financial officer now owns 14,627 shares of the company’s stock, valued at $3,803,020. The disclosure for this sale can be found here. Insiders sold a total of 26,712 shares of company stock valued at $7,163,466 over the last quarter. 3.20% of the stock is currently owned by insiders.

Littelfuse Company Profile

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, 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, silicon carbide diodes, and insulated gate bipolar transistors.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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