Bragg Financial Advisors Inc Grows Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Bragg Financial Advisors Inc increased its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 35.4% in the 4th quarter, Holdings Channel reports. The firm owned 19,587 shares of the technology company’s stock after purchasing an additional 5,120 shares during the period. Bragg Financial Advisors Inc’s holdings in Littelfuse were worth $4,616,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. grew 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 in the last quarter. Arizona State Retirement System increased its stake in shares of Littelfuse by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock worth $1,694,000 after acquiring an additional 51 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Littelfuse by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company’s stock worth $2,529,000 after acquiring an additional 70 shares during the period. Assetmark Inc. boosted its position in shares of Littelfuse by 11.4% during the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company’s stock valued at $189,000 after acquiring an additional 82 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Littelfuse by 1.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,560 shares of the technology company’s stock valued at $1,310,000 after purchasing an additional 96 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Trading Up 1.8 %

LFUS opened at $155.40 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 firm has a market cap of $3.84 billion, a P/E ratio of 34.53, a P/E/G ratio of 2.24 and a beta of 1.30. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $275.58. The business has a fifty day simple moving average of $212.49 and a 200-day simple moving average of $234.04.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting 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 period in the prior year, the company posted $2.02 earnings per share. On average, equities analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s payout ratio is currently 62.22%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LFUS shares. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Thursday. StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, Robert W. Baird reduced their price objective on shares of 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, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Littelfuse currently has an average rating of “Moderate Buy” and an average target price of $285.00.

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.