FourThought Financial Partners LLC Sells 67 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

FourThought Financial Partners LLC lowered its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,804 shares of the technology company’s stock after selling 67 shares during the quarter. FourThought Financial Partners LLC’s holdings in Littelfuse were worth $425,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Pathstone Holdings LLC grew its position 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 buying an additional 40 shares during the last quarter. Assetmark Inc. raised its stake in shares of Littelfuse by 6.5% in the third quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock worth $191,000 after purchasing an additional 44 shares during the last quarter. US Bancorp DE increased its position in Littelfuse by 1.4% during the third quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock valued at $911,000 after acquiring an additional 49 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock valued at $225,000 after acquiring an additional 50 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after purchasing an additional 64 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,105 shares in the company, valued at $773,207.10. The trade was a 18.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, Robert W. Baird reduced their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Stock Down 3.2 %

Shares of NASDAQ LFUS opened at $241.06 on Wednesday. The stock has a market cap of $5.98 billion, a P/E ratio of 53.57, a PEG ratio of 2.24 and a beta of 1.26. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 12-month low of $222.73 and a 12-month high of $275.58. The business’s fifty day simple moving average is $237.90 and its 200-day simple moving average is $248.72.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) 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 business earned $2.02 EPS. As a group, equities analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, February 20th. Littelfuse’s dividend payout ratio is presently 62.22%.

Littelfuse Company 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.