Littelfuse, Inc. (NASDAQ:LFUS) Stock Position Lifted by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 8.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,977 shares of the technology company’s stock after purchasing an additional 226 shares during the quarter. Cetera Investment Advisers’ holdings in Littelfuse were worth $702,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Quent Capital LLC lifted its holdings 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. boosted its stake in shares of Littelfuse by 181.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after buying an additional 105 shares during the period. Bank of Jackson Hole Trust acquired a new position in Littelfuse in the 4th quarter worth about $40,000. Smartleaf Asset Management LLC lifted its stake in Littelfuse by 548.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock valued at $44,000 after acquiring an additional 159 shares during the last quarter. Finally, Global X Japan Co. Ltd. increased its position in Littelfuse by 221.0% during the fourth quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company’s stock worth $61,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LFUS shares. Baird R W lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Wall Street Zen cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, April 30th. Oppenheimer reduced 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, May 1st. Finally, Robert W. Baird upped their price target on Littelfuse from $182.00 to $194.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $252.25.

Littelfuse Stock Down 1.3%

Shares of NASDAQ:LFUS opened at $205.40 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The company has a market capitalization of $5.08 billion, a PE ratio of 45.64, a PEG ratio of 2.24 and a beta of 1.38. The company has a 50 day moving average price of $186.92 and a two-hundred day moving average price of $219.77. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $275.58.

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

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, May 22nd. Littelfuse’s payout ratio is 64.81%.

Insider Buying and Selling

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $197.50, for a total value of $291,707.50. Following the transaction, the senior vice president now directly owns 5,975 shares of the company’s stock, valued at approximately $1,180,062.50. This trade represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is owned by insiders.

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.