Littelfuse, Inc. (NASDAQ:LFUS) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,422 shares of the technology company’s stock after purchasing an additional 959 shares during the quarter. Zions Bancorporation N.A.’s holdings in Littelfuse were worth $1,513,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Jane Street Group LLC boosted its holdings in Littelfuse by 126.9% in the third quarter. Jane Street Group LLC now owns 11,418 shares of the technology company’s stock valued at $3,029,000 after acquiring an additional 6,386 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Littelfuse by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock valued at $73,649,000 after purchasing an additional 8,588 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in Littelfuse by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after purchasing an additional 50 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Littelfuse by 7.4% in the fourth quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company’s stock valued at $61,293,000 after buying an additional 18,013 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Littelfuse during the fourth quarter valued at approximately $5,892,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LFUS has been the subject of several recent research reports. Robert W. Baird dropped their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Stock Down 0.2 %

Shares of Littelfuse stock opened at $216.46 on Wednesday. Littelfuse, Inc. has a 1-year low of $201.97 and a 1-year high of $275.58. The company has a market capitalization of $5.35 billion, a PE ratio of 48.10, a P/E/G ratio of 2.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The business has a 50-day moving average of $230.09 and a 200-day moving average of $242.30.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share 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 quarter last year, the firm posted $2.02 earnings per share. As a group, equities analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal 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 was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.29%. Littelfuse’s dividend payout ratio (DPR) is 62.22%.

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.