Sei Investments Co. Boosts Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Sei Investments Co. increased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,713 shares of the technology company’s stock after buying an additional 9,256 shares during the period. Sei Investments Co. owned 0.42% of Littelfuse worth $24,677,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LFUS. Truvestments Capital LLC purchased a new stake in shares of Littelfuse during the 3rd quarter worth about $27,000. Quent Capital LLC raised its holdings in Littelfuse by 525.0% in the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after purchasing an additional 105 shares during the period. Geneos Wealth Management Inc. boosted its position in Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after purchasing an additional 105 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in Littelfuse in the fourth quarter valued at approximately $40,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Littelfuse by 548.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock valued at $44,000 after buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Stock Down 2.2 %

NASDAQ LFUS opened at $211.73 on Thursday. The business has a fifty day moving average price of $229.70 and a 200 day moving average price of $242.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The company has a market cap of $5.23 billion, a P/E ratio of 47.05, a P/E/G ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a one year low of $201.97 and a one year high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its earnings results 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 period in the previous year, the business earned $2.02 earnings per share. Research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s dividend payout ratio is currently 62.22%.

Wall Street Analysts Forecast Growth

LFUS has been the topic of a number of recent analyst reports. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Robert W. Baird decreased their price objective 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. Finally, StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Littelfuse has an average rating of “Moderate Buy” and an average target price of $280.00.

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.