Victory Capital Management Inc. Buys 2,056 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Victory Capital Management Inc. increased its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 513,679 shares of the technology company’s stock after purchasing an additional 2,056 shares during the quarter. Victory Capital Management Inc. owned approximately 2.07% of Littelfuse worth $121,048,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised 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 purchasing an additional 8,588 shares during the period. Smartleaf Asset Management LLC raised its holdings in Littelfuse by 548.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock worth $44,000 after purchasing an additional 159 shares during the period. Proficio Capital Partners LLC bought a new position in Littelfuse in the 4th quarter worth $5,892,000. Oppenheimer & Co. Inc. raised its holdings in Littelfuse by 119.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 13,219 shares of the technology company’s stock worth $3,115,000 after purchasing an additional 7,195 shares during the period. Finally, JFG Wealth Management LLC bought a new position in Littelfuse in the 4th quarter worth $204,000. 96.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LFUS shares. Robert W. Baird cut their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $280.00.

Insider Activity

In related 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 owns 3,105 shares in the company, valued at approximately $773,207.10. This trade represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

Littelfuse Trading Up 1.0 %

Shares of Littelfuse stock opened at $217.68 on Thursday. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 48.37, a PEG ratio of 2.24 and a beta of 1.26. The business has a 50-day moving average price of $236.77 and a 200-day moving average price of $247.67. 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 twelve month low of $212.13 and a twelve month high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share 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 quarter last year, the business earned $2.02 earnings per share. Equities research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.29%. Littelfuse’s payout ratio is 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.