Charles Schwab Investment Management Inc. Purchases 8,588 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Charles Schwab Investment Management Inc. lifted its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 312,535 shares of the technology company’s stock after buying an additional 8,588 shares during the period. Charles Schwab Investment Management Inc. owned about 1.26% of Littelfuse worth $73,649,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Huntington National Bank lifted its stake in shares of Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after buying an additional 64 shares during the period. Truvestments Capital LLC bought a new stake in shares of Littelfuse in the third quarter valued at about $27,000. Quent Capital LLC lifted its stake in shares of Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock valued at $29,000 after buying an additional 105 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Littelfuse by 181.0% in 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 during the period. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Littelfuse in the fourth quarter valued at about $40,000. Institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Down 2.8 %

Shares of LFUS opened at $209.35 on Wednesday. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 46.52, a P/E/G ratio of 2.24 and a beta of 1.27. The company has a 50-day moving average price of $235.05 and a two-hundred day moving average price of $246.03. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 12 month low of $208.57 and a 12 month high of $275.58.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting 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 quarter last year, the business earned $2.02 earnings per share. Equities analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s payout ratio is 62.22%.

Analyst Ratings Changes

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

Insider Transactions at Littelfuse

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

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.