Prospector Partners LLC Raises Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Prospector Partners LLC boosted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 0.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 82,480 shares of the technology company’s stock after purchasing an additional 169 shares during the period. Littelfuse makes up approximately 2.2% of Prospector Partners LLC’s portfolio, making the stock its 11th biggest holding. Prospector Partners LLC owned 0.33% of Littelfuse worth $19,436,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Quent Capital LLC raised its position in Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock valued at $29,000 after acquiring an additional 105 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Littelfuse by 181.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after purchasing an additional 105 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in Littelfuse during the fourth quarter worth $40,000. Smartleaf Asset Management LLC grew its position in Littelfuse by 548.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock valued at $44,000 after buying an additional 159 shares during the period. Finally, Global X Japan Co. Ltd. increased its holdings in Littelfuse by 221.0% in the fourth quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company’s stock valued at $61,000 after buying an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Robert W. Baird dropped their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Stock Performance

Shares of NASDAQ:LFUS opened at $152.56 on Friday. The business’s 50 day moving average price is $223.12 and its 200-day moving average price is $239.09. Littelfuse, Inc. has a 1 year low of $146.29 and a 1 year high of $275.58. 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 firm has a market capitalization of $3.77 billion, a PE ratio of 33.90, a P/E/G ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter last year, the business earned $2.02 earnings per share. As a group, equities research analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The business 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. The ex-dividend date was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.84%. Littelfuse’s payout ratio is 62.22%.

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.