Summit Creek Advisors LLC Raises Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Summit Creek Advisors LLC grew its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,222 shares of the technology company’s stock after buying an additional 167 shares during the quarter. Summit Creek Advisors LLC owned approximately 0.22% of Littelfuse worth $12,777,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc purchased a new stake in shares of Littelfuse during the third quarter worth about $201,000. Natixis Advisors LLC grew its position in shares of Littelfuse by 0.8% during the third quarter. Natixis Advisors LLC now owns 12,589 shares of the technology company’s stock worth $3,340,000 after purchasing an additional 104 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Littelfuse during the third quarter worth about $99,000. Pathstone Holdings LLC grew its position in shares of Littelfuse by 0.6% during the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock worth $1,730,000 after purchasing an additional 40 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Littelfuse by 9.1% during the third quarter. PNC Financial Services Group Inc. now owns 4,059 shares of the technology company’s stock worth $1,077,000 after purchasing an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Finally, Robert W. Baird dropped their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $280.00.

Littelfuse Price Performance

NASDAQ:LFUS opened at $209.79 on Monday. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 46.62, a PEG ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a 1 year low of $201.97 and a 1 year high of $275.58. The business has a 50 day simple moving average of $230.69 and a 200-day simple moving average of $242.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62.

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

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.33%. Littelfuse’s payout ratio is 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.