Thrivent Financial for Lutherans Buys 37,583 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Thrivent Financial for Lutherans raised its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 315,741 shares of the technology company’s stock after buying an additional 37,583 shares during the quarter. Thrivent Financial for Lutherans owned about 1.27% of Littelfuse worth $74,405,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Pathstone Holdings LLC lifted its holdings 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 buying an additional 40 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after buying an additional 50 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Littelfuse by 0.7% during the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock worth $1,694,000 after buying an additional 51 shares during the last quarter. Huntington National Bank lifted 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 buying an additional 64 shares during the last quarter. Finally, Studio Investment Management LLC lifted its holdings in shares of Littelfuse by 4.0% during the third quarter. Studio Investment Management LLC now owns 1,691 shares of the technology company’s stock worth $449,000 after buying an additional 65 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Stock Performance

Shares of NASDAQ LFUS opened at $209.22 on Wednesday. The business has a fifty day simple moving average of $232.16 and a 200 day simple moving average of $243.89. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 46.49, a PEG 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 released its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same quarter last year, the company earned $2.02 earnings per share. Sell-side analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid 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 1.34%. Littelfuse’s dividend payout ratio is currently 62.22%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Robert W. Baird cut their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research note 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 assigned a strong buy rating to the company. According to data from MarketBeat, Littelfuse has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

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.