FourThought Financial Partners LLC Trims Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

FourThought Financial Partners LLC decreased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 3.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,804 shares of the technology company’s stock after selling 67 shares during the period. FourThought Financial Partners LLC’s holdings in Littelfuse were worth $425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LFUS. Jane Street Group LLC raised its stake in Littelfuse by 126.9% during the third quarter. Jane Street Group LLC now owns 11,418 shares of the technology company’s stock worth $3,029,000 after purchasing an additional 6,386 shares during the period. Chesapeake Capital Corp IL bought a new position in Littelfuse during the 3rd quarter valued at $570,000. Thrivent Financial for Lutherans boosted its stake in Littelfuse by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock valued at $73,781,000 after acquiring an additional 3,831 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Littelfuse by 3.9% during the 3rd quarter. New York State Common Retirement Fund now owns 141,157 shares of the technology company’s stock valued at $37,442,000 after acquiring an additional 5,344 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Littelfuse by 38.4% in the 3rd quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock worth $48,048,000 after buying an additional 50,304 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

LFUS has been the topic of several recent research reports. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Robert W. Baird dropped their target price on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Insiders Place Their Bets

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

Littelfuse Price Performance

NASDAQ LFUS opened at $241.06 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. Littelfuse, Inc. has a 52-week low of $222.73 and a 52-week high of $275.58. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 53.57, a PEG ratio of 2.24 and a beta of 1.26. The business has a 50 day simple moving average of $237.90 and a 200 day simple moving average of $248.72.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting 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 firm earned $2.02 earnings per share. Analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, February 20th. Littelfuse’s payout ratio is 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.