Townsquare Capital LLC Acquires 3,109 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Townsquare Capital LLC boosted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 87.5% during the fourth quarter, Holdings Channel reports. The fund owned 6,662 shares of the technology company’s stock after acquiring an additional 3,109 shares during the period. Townsquare Capital LLC’s holdings in Littelfuse were worth $1,570,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LFUS. Norges Bank bought a new stake in shares of Littelfuse during the fourth quarter valued at approximately $131,579,000. Raymond James Financial Inc. acquired a new position in Littelfuse during the 4th quarter worth $32,865,000. Vanguard Group Inc. boosted its position in Littelfuse by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company’s stock valued at $661,508,000 after buying an additional 40,423 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Littelfuse by 13.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company’s stock valued at $74,405,000 after buying an additional 37,583 shares during the period. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Littelfuse during the fourth quarter worth $8,838,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Stock Down 1.9 %

Shares of NASDAQ LFUS opened at $152.38 on Thursday. Littelfuse, Inc. has a 52-week low of $142.10 and a 52-week high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The stock has a market cap of $3.77 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.24 and a beta of 1.30. The firm has a 50 day moving average price of $207.84 and a 200 day moving average price of $232.21.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same period last year, the business posted $2.02 earnings per share. Analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s dividend payout ratio is currently 62.22%.

Analysts Set New Price Targets

A number of brokerages recently commented on LFUS. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Thursday, April 10th. Baird R W cut shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird restated a “neutral” rating and issued a $182.00 price objective (down from $225.00) on shares of Littelfuse in a report on Tuesday. Finally, StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $258.00.

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.