Bamco Inc. NY Buys 519 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Bamco Inc. NY boosted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 22.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,836 shares of the technology company’s stock after acquiring an additional 519 shares during the quarter. Bamco Inc. NY’s holdings in Littelfuse were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LFUS. Quent Capital LLC boosted its stake in Littelfuse by 525.0% in the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after purchasing an additional 105 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after acquiring an additional 105 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in Littelfuse during the fourth quarter valued at $40,000. Smartleaf Asset Management LLC increased its holdings in Littelfuse by 548.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock valued at $44,000 after acquiring an additional 159 shares during the last quarter. Finally, Global X Japan Co. Ltd. lifted its stake in Littelfuse by 221.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company’s stock worth $61,000 after purchasing an additional 179 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Stock Performance

NASDAQ LFUS opened at $195.90 on Tuesday. The business’s 50 day moving average price is $189.02 and its 200-day moving average price is $224.14. Littelfuse, Inc. has a fifty-two week low of $142.10 and a fifty-two week high of $275.58. The company has a market cap of $4.84 billion, a P/E ratio of 43.53, a P/E/G ratio of 2.24 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data 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 analysts’ expectations of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.76 earnings per share. Sell-side analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse’s payout ratio is currently 64.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LFUS shares. Robert W. Baird lifted their target price on Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Oppenheimer reduced their price objective on Littelfuse from $310.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, April 30th. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, Baird R W lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $252.25.

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.