Littelfuse, Inc. (NASDAQ:LFUS) Stock Holdings Lessened by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 28,076 shares of the technology company’s stock after selling 1,234 shares during the period. Corebridge Financial Inc. owned about 0.11% of Littelfuse worth $6,616,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Littelfuse during the third quarter valued at $27,000. Quent Capital LLC raised its holdings in Littelfuse by 525.0% during the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after buying an additional 105 shares during the period. Geneos Wealth Management Inc. lifted its stake in Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after buying an additional 105 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Littelfuse in the fourth quarter worth about $40,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Littelfuse by 548.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock worth $44,000 after acquiring an additional 159 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Littelfuse Trading Down 4.3 %

Shares of NASDAQ:LFUS opened at $200.97 on Friday. Littelfuse, Inc. has a 12-month low of $199.70 and a 12-month high of $275.58. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $4.97 billion, a P/E ratio of 44.66, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The firm has a fifty day moving average of $228.63 and a two-hundred day moving average of $241.53.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting 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 in the prior year, the company earned $2.02 EPS. On average, equities analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s payout ratio is presently 62.22%.

Analyst Ratings Changes

Several brokerages recently commented on LFUS. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Robert W. Baird lowered their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse 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.