Teacher Retirement System of Texas Sells 3,553 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Teacher Retirement System of Texas trimmed its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 56.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,783 shares of the technology company’s stock after selling 3,553 shares during the period. Teacher Retirement System of Texas’ holdings in Littelfuse were worth $656,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Littelfuse by 3.4% during the third quarter. State Street Corp now owns 747,082 shares of the technology company’s stock worth $198,164,000 after acquiring an additional 24,571 shares in the last quarter. Victory Capital Management Inc. raised its position in Littelfuse by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company’s stock worth $121,048,000 after purchasing an additional 2,056 shares during the period. Geode Capital Management LLC raised its position in Littelfuse by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock worth $114,607,000 after purchasing an additional 1,525 shares during the period. Thrivent Financial for Lutherans lifted its stake in Littelfuse by 13.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company’s stock worth $74,405,000 after purchasing an additional 37,583 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Littelfuse by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock valued at $73,649,000 after buying an additional 8,588 shares during the period. Institutional investors own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. StockNews.com downgraded Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Robert W. Baird dropped their price objective on 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $280.00.

Littelfuse Trading Down 4.3 %

LFUS opened at $200.97 on Monday. Littelfuse, Inc. has a one year low of $199.70 and a one 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 business has a 50 day simple moving average of $228.63 and a two-hundred day simple moving average of $241.47. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting 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 quarter in the prior year, the firm earned $2.02 earnings per share. Analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s payout ratio is 62.22%.

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.