New York State Common Retirement Fund Increases Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

New York State Common Retirement Fund boosted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,197 shares of the technology company’s stock after buying an additional 1,040 shares during the quarter. New York State Common Retirement Fund owned 0.57% of Littelfuse worth $33,509,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Atria Wealth Solutions Inc. boosted its stake in shares of Littelfuse by 5.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock valued at $225,000 after purchasing an additional 50 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Littelfuse by 2,746.7% in the fourth quarter. Venturi Wealth Management LLC now owns 427 shares of the technology company’s stock valued at $101,000 after purchasing an additional 412 shares during the period. Rhumbline Advisers boosted its stake in shares of Littelfuse by 2.9% in the fourth quarter. Rhumbline Advisers now owns 69,322 shares of the technology company’s stock valued at $16,336,000 after purchasing an additional 1,979 shares during the period. Van ECK Associates Corp boosted its stake in shares of Littelfuse by 21.9% in the fourth quarter. Van ECK Associates Corp now owns 40,740 shares of the technology company’s stock valued at $9,600,000 after purchasing an additional 7,331 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Littelfuse by 26.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 129,836 shares of the technology company’s stock valued at $30,473,000 after purchasing an additional 26,975 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on LFUS. Robert W. Baird reduced their target price on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $280.00.

Insider Activity

In other news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total value of $174,314.00. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Stock Up 0.2 %

LFUS stock opened at $255.16 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. Littelfuse, Inc. has a twelve month low of $222.73 and a twelve month high of $275.58. The company’s 50 day moving average is $237.80 and its two-hundred day moving average is $248.40. The stock has a market cap of $6.33 billion, a P/E ratio of 56.70, a PEG ratio of 2.21 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting 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 in the previous year, the company earned $2.02 EPS. Research analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.10%. Littelfuse’s payout ratio is 62.22%.

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.