Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 2.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,604 shares of the technology company’s stock after selling 130 shares during the period. Orion Portfolio Solutions LLC’s holdings in Littelfuse were worth $1,221,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in Littelfuse by 399.7% during the 2nd quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock worth $1,204,000 after acquiring an additional 3,769 shares in the last quarter. Chesapeake Capital Corp IL purchased a new stake in Littelfuse during the 3rd quarter worth about $570,000. Thrivent Financial for Lutherans increased its holdings in Littelfuse by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock worth $73,781,000 after purchasing an additional 3,831 shares during the period. Victory Capital Management Inc. increased its holdings in Littelfuse by 13.2% during the 2nd quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock worth $128,179,000 after purchasing an additional 58,529 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Littelfuse by 3.4% during the 2nd quarter. Federated Hermes Inc. now owns 209,976 shares of the technology company’s stock worth $53,668,000 after purchasing an additional 6,814 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Robert W. Baird upped their price target on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Finally, Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a report on Thursday, October 17th. Three 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Trading Down 1.0 %

LFUS opened at $246.30 on Friday. Littelfuse, Inc. has a one year low of $222.91 and a one year high of $275.58. The company has a market cap of $6.11 billion, a P/E ratio of 31.66, a PEG ratio of 2.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The business’s 50-day simple moving average is $251.16 and its 200-day simple moving average is $255.26.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.62. The firm had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.97 EPS. As a group, equities research analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.14%. Littelfuse’s dividend payout ratio is presently 35.99%.

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.