Prospector Partners LLC Raises Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Prospector Partners LLC boosted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,480 shares of the technology company’s stock after buying an additional 169 shares during the quarter. Littelfuse accounts for about 2.2% of Prospector Partners LLC’s holdings, making the stock its 11th biggest holding. Prospector Partners LLC’s holdings in Littelfuse were worth $19,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in LFUS. Federated Hermes Inc. grew its stake in shares of Littelfuse by 7.0% in the fourth quarter. Federated Hermes Inc. now owns 230,573 shares of the technology company’s stock valued at $54,335,000 after buying an additional 15,082 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in Littelfuse in the 4th quarter valued at about $8,838,000. Trexquant Investment LP purchased a new stake in Littelfuse during the fourth quarter worth about $3,642,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Littelfuse during the fourth quarter worth about $1,036,000. Finally, Pictet Asset Management Holding SA boosted its stake in shares of Littelfuse by 13.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,876 shares of the technology company’s stock valued at $913,000 after purchasing an additional 465 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Stock Performance

NASDAQ:LFUS opened at $152.56 on Friday. Littelfuse, Inc. has a 12 month low of $146.29 and a 12 month 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 firm has a market capitalization of $3.77 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The business’s fifty day moving average price is $223.12 and its 200 day moving average price is $239.09.

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 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 quarter last year, the firm posted $2.02 EPS. On average, sell-side analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid 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 1.84%. Littelfuse’s dividend payout ratio is currently 62.22%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LFUS shares. Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Robert W. Baird cut 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. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, 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.