EntryPoint Capital LLC Makes New $308,000 Investment in Littelfuse, Inc. (NASDAQ:LFUS)

EntryPoint Capital LLC bought a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,305 shares of the technology company’s stock, valued at approximately $308,000.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Littelfuse by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company’s stock valued at $661,508,000 after buying an additional 40,423 shares during the period. State Street Corp raised its holdings in shares of Littelfuse by 3.4% in the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company’s stock valued at $198,164,000 after purchasing an additional 24,571 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Littelfuse by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company’s stock worth $121,048,000 after purchasing an additional 2,056 shares during the period. Geode Capital Management LLC boosted its stake in shares of Littelfuse by 0.4% during the third quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock valued at $114,607,000 after purchasing an additional 1,525 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Littelfuse by 13.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company’s stock valued at $74,405,000 after buying an additional 37,583 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Littelfuse Stock Performance

Shares of LFUS opened at $210.03 on Friday. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The firm has a market cap of $5.19 billion, a PE ratio of 46.67, a P/E/G 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 stock has a fifty day moving average price of $229.28 and a 200-day moving average price of $241.86.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting analysts’ consensus estimates 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 firm earned $2.02 earnings per share. Equities research analysts predict 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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.33%. The ex-dividend date was Thursday, February 20th. Littelfuse’s dividend payout ratio is presently 62.22%.

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.