Proficio Capital Partners LLC Takes $5.89 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

Proficio Capital Partners LLC acquired a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) during the 4th quarter, Holdings Channel.com reports. The firm acquired 25,003 shares of the technology company’s stock, valued at approximately $5,892,000.

A number of other hedge funds have also recently added to or reduced their stakes in LFUS. Huntington National Bank raised its holdings in shares of Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after purchasing an additional 64 shares during the period. Truvestments Capital LLC bought a new stake in shares of Littelfuse during the 3rd quarter valued at about $27,000. Quent Capital LLC raised its stake in Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after acquiring an additional 105 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after acquiring an additional 105 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in Littelfuse in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, CAO Jeffrey G. Gorski sold 700 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the sale, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

Littelfuse Trading Down 3.9 %

Shares of LFUS stock opened at $223.07 on Tuesday. Littelfuse, Inc. has a 1 year low of $222.30 and a 1 year high of $275.58. The firm has a market capitalization of $5.54 billion, a PE ratio of 49.57, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26. The stock has a fifty day moving average of $237.63 and a two-hundred day moving average of $248.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same period in the prior year, the company earned $2.02 earnings per share. As a group, research analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.26%. 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.