Littelfuse, Inc. (NASDAQ:LFUS) Holdings Raised by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,376 shares of the technology company’s stock after purchasing an additional 623 shares during the quarter. ProShare Advisors LLC owned approximately 0.12% of Littelfuse worth $7,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Littelfuse by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock worth $73,649,000 after buying an additional 8,588 shares during the period. Atria Wealth Solutions Inc. lifted its stake in Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after acquiring an additional 50 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Littelfuse during the 4th quarter worth about $5,892,000. Bank of New York Mellon Corp boosted its position in Littelfuse by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company’s stock worth $61,293,000 after acquiring an additional 18,013 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Littelfuse by 0.4% during the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company’s stock valued at $121,048,000 after acquiring an additional 2,056 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on LFUS shares. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, April 30th. Robert W. Baird increased their target price on shares of Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Baird R W cut shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Oppenheimer cut their price objective on Littelfuse from $310.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Littelfuse presently has a consensus rating of “Hold” and an average price target of $252.25.

Insider Transactions at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $197.50, for a total value of $291,707.50. Following the completion of the sale, the senior vice president now directly owns 5,975 shares in the company, valued at approximately $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Littelfuse Price Performance

NASDAQ LFUS opened at $218.72 on Monday. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $5.41 billion, a PE ratio of 48.60, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.58. The company has a 50 day moving average price of $186.67 and a two-hundred day moving average price of $221.24.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.37. The business had revenue of $554.31 million for the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. Littelfuse’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 EPS. As a group, equities analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.28%. Littelfuse’s dividend payout ratio is currently 64.81%.

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.