Snowden Capital Advisors LLC Grows Position in Littelfuse, Inc. (NASDAQ:LFUS)

Snowden Capital Advisors LLC raised its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,413 shares of the technology company’s stock after purchasing an additional 86 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Littelfuse were worth $3,868,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings 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. Neuberger Berman Group LLC lifted its holdings in shares of Littelfuse by 1.2% in the fourth quarter. Neuberger Berman Group LLC now owns 1,047,025 shares of the technology company’s stock worth $246,732,000 after buying an additional 11,958 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Littelfuse by 7.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company’s stock worth $179,895,000 after buying an additional 55,835 shares in the last quarter. Norges Bank purchased a new stake in shares of Littelfuse in the fourth quarter worth about $131,579,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Littelfuse by 0.4% in the fourth 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 in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LFUS. Baird R W downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Robert W. Baird increased their price target on shares of Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. 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 report on Thursday, May 1st. Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, April 30th. Finally, StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Littelfuse presently has a consensus rating of “Hold” and a consensus price target of $252.25.

Littelfuse Stock Performance

Shares of Littelfuse stock opened at $218.72 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 firm has a market capitalization of $5.41 billion, a P/E ratio of 48.60, a P/E/G ratio of 2.24 and a beta of 1.38. The business has a fifty day simple moving average of $186.67 and a two-hundred day simple moving average of $221.61. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.58.

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

Littelfuse Announces Dividend

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 issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $2.80 annualized dividend and a yield of 1.28%. Littelfuse’s payout ratio is 64.81%.

Insider Buying and Selling

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the completion of the sale, the senior vice president now directly owns 5,975 shares in the company, valued at $1,180,062.50. The trade was a 19.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by corporate insiders.

About Littelfuse

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.