Littelfuse, Inc. (NASDAQ:LFUS) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. grew its position in Littelfuse, Inc. (NASDAQ:LFUS) by 17.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,422 shares of the technology company’s stock after acquiring an additional 959 shares during the quarter. Zions Bancorporation N.A.’s holdings in Littelfuse were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LFUS. EntryPoint Capital LLC bought a new stake in Littelfuse during the fourth quarter valued at $308,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Littelfuse by 17.1% in the 4th quarter. Segall Bryant & Hamill LLC now owns 195,266 shares of the technology company’s stock valued at $46,014,000 after buying an additional 28,458 shares during the period. Summit Creek Advisors LLC grew its position in shares of Littelfuse by 0.3% during the 4th quarter. Summit Creek Advisors LLC now owns 54,222 shares of the technology company’s stock valued at $12,777,000 after buying an additional 167 shares during the last quarter. Vanguard Group Inc. raised its stake in Littelfuse by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company’s stock worth $661,508,000 after acquiring an additional 40,423 shares during the period. Finally, LPL Financial LLC lifted its holdings in Littelfuse by 15.7% in the fourth quarter. LPL Financial LLC now owns 9,066 shares of the technology company’s stock worth $2,120,000 after acquiring an additional 1,230 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Stock Down 0.2 %

LFUS stock opened at $216.46 on Wednesday. The company has a 50 day moving average of $230.09 and a two-hundred day moving average of $242.30. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 48.10, a PEG ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a 12-month low of $201.97 and a 12-month high of $275.58. 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 (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting 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 firm earned $2.02 EPS. On average, equities analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.29%. Littelfuse’s dividend payout ratio (DPR) is currently 62.22%.

Analyst Upgrades and Downgrades

LFUS has been the subject of several recent research reports. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Robert W. Baird lowered 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. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.