Littelfuse, Inc. (NASDAQ:LFUS) Holdings Lifted by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. boosted its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 221.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 260 shares of the technology company’s stock after acquiring an additional 179 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Littelfuse were worth $61,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Pathstone Holdings LLC grew its holdings in shares of Littelfuse by 0.6% in the 3rd quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock worth $1,730,000 after acquiring an additional 40 shares during the last quarter. Assetmark Inc. lifted its stake in Littelfuse by 6.5% during the third quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock valued at $191,000 after buying an additional 44 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Littelfuse by 1.4% in the third quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock worth $911,000 after buying an additional 49 shares during the period. Tributary Capital Management LLC increased its position in shares of Littelfuse by 1.4% in the third quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock worth $1,045,000 after acquiring an additional 55 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Littelfuse by 70.2% in the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after acquiring an additional 59 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Littelfuse Stock Performance

Shares of NASDAQ LFUS opened at $232.78 on Friday. 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 one year low of $222.73 and a one year high of $275.58. The business’s 50-day moving average price is $238.39 and its two-hundred day moving average price is $249.39. The company has a market capitalization of $5.78 billion, a P/E ratio of 51.73, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting the consensus estimate 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 previous year, the business posted $2.02 earnings per share. Analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 20th. Littelfuse’s payout ratio is presently 62.22%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LFUS shares. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird lowered their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Finally, Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research note on Thursday, October 17th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

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.