Mariner LLC Lowers Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Mariner LLC cut its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,538 shares of the technology company’s stock after selling 80 shares during the quarter. Mariner LLC’s holdings in Littelfuse were worth $362,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Littelfuse by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock worth $73,649,000 after acquiring an additional 8,588 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after purchasing an additional 50 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Littelfuse during the 4th quarter worth about $5,892,000. Bank of New York Mellon Corp lifted its stake in Littelfuse by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company’s stock valued at $61,293,000 after buying an additional 18,013 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in 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 buying an additional 2,056 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Price Performance

Littelfuse stock opened at $192.80 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 stock has a market cap of $4.76 billion, a P/E ratio of 42.84, a PEG ratio of 2.24 and a beta of 1.30. The company has a 50-day moving average price of $189.90 and a 200 day moving average price of $224.84. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.82 by $0.37. The firm had revenue of $554.31 million for the quarter, compared to analyst estimates of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.76 EPS. Sell-side analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse’s payout ratio is 64.81%.

Wall Street Analyst Weigh In

LFUS has been the topic of a number of research analyst reports. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday. Robert W. Baird lifted their target price on shares of Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a research note on Thursday. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Oppenheimer lowered their price target on shares of Littelfuse from $310.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Baird R W cut shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $252.25.

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.