GHP Investment Advisors Inc. Trims Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

GHP Investment Advisors Inc. reduced its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 0.3% during the fourth quarter, HoldingsChannel reports. The fund owned 38,332 shares of the technology company’s stock after selling 100 shares during the period. GHP Investment Advisors Inc.’s holdings in Littelfuse were worth $9,033,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LFUS. Huntington National Bank increased its holdings in Littelfuse by 200.0% in the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after buying an additional 64 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Littelfuse in the third quarter worth about $27,000. UMB Bank n.a. boosted its position in shares of Littelfuse by 70.2% in the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after purchasing an additional 59 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after acquiring an additional 105 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Littelfuse during the 3rd quarter valued at approximately $53,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a report on Thursday, October 17th. Robert W. Baird cut their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $280.00.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. The trade was a 18.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.30% of the company’s stock.

Littelfuse Stock Up 0.9 %

NASDAQ LFUS opened at $233.20 on Thursday. The business’s fifty day simple moving average is $238.64 and its 200-day simple moving average is $249.50. The firm has a market cap of $5.79 billion, a PE ratio of 51.82, a P/E/G ratio of 2.09 and a beta of 1.26. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 52 week low of $222.73 and a 52 week high of $275.58.

Littelfuse (NASDAQ:LFUS) last posted its 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 quarter in the previous year, the business earned $2.02 earnings per share. As a group, equities analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 20th. Littelfuse’s dividend payout ratio (DPR) 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.