Alliancebernstein L.P. Has $7.87 Million Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Alliancebernstein L.P. lowered its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,398 shares of the technology company’s stock after selling 853 shares during the period. Alliancebernstein L.P. owned about 0.13% of Littelfuse worth $7,870,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LFUS. Vanguard Group Inc. boosted its position in 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 purchasing an additional 40,423 shares during the last quarter. State Street Corp raised its stake in shares of Littelfuse by 3.4% during the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company’s stock worth $198,164,000 after purchasing an additional 24,571 shares in the last quarter. Norges Bank acquired a new stake in shares of Littelfuse during the 4th quarter valued at about $131,579,000. Victory Capital Management Inc. grew its stake 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 valued at $121,048,000 after buying an additional 2,056 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Littelfuse by 0.4% in the third quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock worth $114,607,000 after buying an additional 1,525 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on LFUS. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Thursday. Robert W. Baird reduced their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Trading Up 1.8 %

Shares of LFUS stock opened at $155.40 on Friday. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.58. The company has a market cap of $3.84 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $212.49 and its two-hundred day moving average is $234.27.

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, meeting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same period last year, the firm posted $2.02 EPS. Equities analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.80%. Littelfuse’s payout ratio 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.