HighTower Advisors LLC Acquires 981 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

HighTower Advisors LLC boosted its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 31.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,139 shares of the technology company’s stock after buying an additional 981 shares during the quarter. HighTower Advisors LLC’s holdings in Littelfuse were worth $975,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in shares of Littelfuse during the 3rd quarter valued at $27,000. Quent Capital LLC boosted its stake in shares of 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 purchasing an additional 105 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Littelfuse by 181.0% during the fourth 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 last quarter. Bank of Jackson Hole Trust bought a new position in Littelfuse in the 4th quarter valued at approximately $40,000. Finally, Smartleaf Asset Management LLC boosted its position in Littelfuse by 548.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock worth $44,000 after buying an additional 159 shares during the period. Institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on LFUS shares. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird lowered their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Benchmark reissued 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 issued a strong buy rating to the stock. According to data from MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and an average target price of $280.00.

Littelfuse Stock Performance

Shares of Littelfuse stock opened at $211.73 on Thursday. The company has a market cap of $5.23 billion, a P/E ratio of 47.05, a PEG ratio of 2.24 and a beta of 1.27. 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 business has a 50-day moving average price of $229.70 and a two-hundred day moving average price of $242.08. Littelfuse, Inc. has a 1-year low of $201.97 and a 1-year high of $275.58.

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

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, February 20th. 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.