25,003 Shares in Littelfuse, Inc. (NASDAQ:LFUS) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 25,003 shares of the technology company’s stock, valued at approximately $5,892,000. Proficio Capital Partners LLC owned 0.10% of Littelfuse at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LFUS. Huntington National Bank lifted its position in shares of Littelfuse by 200.0% in the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after purchasing an additional 64 shares during the period. Truvestments Capital LLC acquired a new position in shares of Littelfuse in the 3rd quarter worth approximately $27,000. Quent Capital LLC lifted its position in shares of Littelfuse by 525.0% in the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after purchasing an additional 105 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after purchasing an additional 105 shares during the period. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Littelfuse in the 4th quarter valued at $40,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LFUS has been the subject of several research analyst reports. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Finally, Robert W. Baird lowered their price objective 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $280.00.

Littelfuse Trading Up 2.6 %

Shares of LFUS stock opened at $210.51 on Monday. The company’s fifty day simple moving average is $233.28 and its two-hundred day simple moving average is $244.72. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. Littelfuse, Inc. has a 1 year low of $201.97 and a 1 year high of $275.58. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 46.78, a PEG ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting 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 in the previous year, the business posted $2.02 EPS. As a group, analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a $0.70 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.33%. Littelfuse’s payout ratio is currently 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.