Littelfuse, Inc. (NASDAQ:LFUS) Position Lowered by Jennison Associates LLC

Jennison Associates LLC lowered its position in shares of Littelfuse, Inc. (NASDAQ:LFUSFree Report) by 0.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 181,091 shares of the technology company’s stock after selling 50 shares during the quarter. Jennison Associates LLC owned about 0.73% of Littelfuse worth $42,674,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Squarepoint Ops LLC lifted its stake in Littelfuse by 41.4% during the second quarter. Squarepoint Ops LLC now owns 2,252 shares of the technology company’s stock worth $576,000 after purchasing an additional 659 shares during the last quarter. Creative Planning raised its holdings in shares of Littelfuse by 30.3% during the second quarter. Creative Planning now owns 2,702 shares of the technology company’s stock worth $691,000 after purchasing an additional 628 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Littelfuse in the 2nd quarter worth about $981,000. SG Americas Securities LLC boosted its holdings in shares of Littelfuse by 24.8% in the 3rd quarter. SG Americas Securities LLC now owns 5,881 shares of the technology company’s stock valued at $1,560,000 after buying an additional 1,169 shares during the period. Finally, Handelsbanken Fonder AB grew its position in shares of Littelfuse by 37.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 4,765 shares of the technology company’s stock valued at $1,264,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Robert W. Baird decreased their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research report on Thursday, October 17th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Littelfuse presently has a consensus rating of “Moderate Buy” and an average price target of $280.00.

Check Out Our Latest Analysis on Littelfuse

Littelfuse Stock Down 0.3 %

Littelfuse stock opened at $231.05 on Wednesday. Littelfuse, Inc. has a 52 week low of $222.73 and a 52 week high of $275.58. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 51.34, a PEG ratio of 2.09 and a beta of 1.26. The company’s 50-day moving average price is $238.89 and its two-hundred day moving average price is $249.61. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUSGet Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 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 quarter last year, the firm earned $2.02 EPS. On average, analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

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 issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.21%. Littelfuse’s dividend payout ratio (DPR) is 62.22%.

Insider Buying and Selling

In related news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the sale, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is owned by corporate insiders.

About Littelfuse

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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