Oppenheimer Asset Management Inc. Lowers Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Oppenheimer Asset Management Inc. reduced its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,073 shares of the technology company’s stock after selling 77 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Littelfuse were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LFUS. Verition Fund Management LLC purchased a new stake in Littelfuse in the 3rd quarter valued at about $14,480,000. Jennison Associates LLC boosted its position in shares of Littelfuse by 38.4% in the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock worth $48,048,000 after acquiring an additional 50,304 shares during the last quarter. Harvey Partners LLC grew its holdings in Littelfuse by 39.5% in the third quarter. Harvey Partners LLC now owns 132,500 shares of the technology company’s stock valued at $35,146,000 after purchasing an additional 37,500 shares during the period. Allspring Global Investments Holdings LLC increased its position in Littelfuse by 26.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 129,836 shares of the technology company’s stock worth $30,473,000 after purchasing an additional 26,975 shares during the last quarter. Finally, State Street Corp raised its stake in Littelfuse by 3.4% during the third quarter. State Street Corp now owns 747,082 shares of the technology company’s stock worth $198,164,000 after purchasing an additional 24,571 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Stock Down 3.9 %

Shares of NASDAQ LFUS opened at $223.07 on Tuesday. The stock has a fifty day moving average price of $237.63 and a 200 day moving average price of $248.17. 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 12-month low of $222.30 and a 12-month high of $275.58. The company has a market cap of $5.54 billion, a P/E ratio of 49.57, a P/E/G ratio of 2.24 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting 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 last year, the company earned $2.02 earnings per share. Research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.70 per share. 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 1.26%. Littelfuse’s payout ratio is currently 62.22%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LFUS. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, Robert W. Baird cut their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Three equities 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 company. According to MarketBeat.com, Littelfuse has an average rating of “Moderate Buy” and a consensus price target of $280.00.

Insider Transactions at Littelfuse

In related 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 transaction of $174,314.00. Following the sale, the chief accounting officer now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.30% of the company’s stock.

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.