1,677 Shares in Littelfuse, Inc. (NASDAQ:LFUS) Purchased by Ethic Inc.

Ethic Inc. bought a new position in Littelfuse, Inc. (NASDAQ:LFUS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,677 shares of the technology company’s stock, valued at approximately $395,000.

Several other large investors have also modified their holdings of LFUS. Charles Schwab Investment Management Inc. increased its position in shares of Littelfuse by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock worth $73,649,000 after acquiring an additional 8,588 shares during the period. Atria Wealth Solutions Inc. increased its position in shares of Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after purchasing an additional 50 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Littelfuse in the fourth quarter valued at about $5,892,000. Bank of New York Mellon Corp boosted its stake in Littelfuse by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company’s stock worth $61,293,000 after purchasing an additional 18,013 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Littelfuse by 0.4% during the fourth quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company’s stock valued at $121,048,000 after buying an additional 2,056 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Trading Up 1.0%

Shares of NASDAQ LFUS opened at $218.72 on Friday. The stock has a market capitalization of $5.41 billion, a PE ratio of 48.60, a PEG ratio of 2.24 and a beta of 1.38. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $275.58. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $186.67 and a 200-day simple moving average of $221.61.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.82 by $0.37. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The firm had revenue of $554.31 million during the quarter, compared to analysts’ expectations of $537.60 million. During the same period in the previous year, the firm posted $1.76 EPS. Littelfuse’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, May 22nd. Littelfuse’s dividend payout ratio (DPR) is 64.81%.

Insider Buying and Selling

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $197.50, for a total value of $291,707.50. Following the completion of the transaction, the senior vice president now owns 5,975 shares in the company, valued at $1,180,062.50. This represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on LFUS shares. Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, April 30th. Robert W. Baird boosted their price target on shares of Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Baird R W lowered Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Oppenheimer cut their price objective on shares of Littelfuse from $310.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Finally, StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $252.25.

About Littelfuse

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.