Avantax Advisory Services Inc. Sells 995 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Avantax Advisory Services Inc. lessened its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,925 shares of the technology company’s stock after selling 995 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Littelfuse were worth $1,632,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LFUS. Huntington National Bank raised its stake in shares of 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 acquiring an additional 64 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Littelfuse in the 3rd quarter valued at about $27,000. Quent Capital LLC increased its stake in shares of Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock valued at $29,000 after buying an additional 105 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after acquiring an additional 105 shares during the last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in Littelfuse in the fourth quarter valued at approximately $40,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Price Performance

LFUS stock opened at $214.91 on Tuesday. 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 company’s 50-day moving average is $232.76 and its 200-day moving average is $244.34. The stock has a market capitalization of $5.33 billion, a PE ratio of 47.76, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a 1 year low of $201.97 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results 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 period last year, the company earned $2.02 EPS. Equities research analysts expect 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 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 was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.30%. Littelfuse’s payout ratio is 62.22%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Robert W. Baird decreased their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Littelfuse has an average rating of “Moderate Buy” and an average price target of $280.00.

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.