Gamco Investors INC. ET AL Trims Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Gamco Investors INC. ET AL lowered its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,400 shares of the technology company’s stock after selling 3,600 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Littelfuse were worth $8,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LFUS. Vanguard Group Inc. boosted its stake in Littelfuse by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company’s stock valued at $661,508,000 after acquiring an additional 40,423 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Littelfuse by 1.2% during the fourth quarter. Neuberger Berman Group LLC now owns 1,047,025 shares of the technology company’s stock worth $246,732,000 after purchasing an additional 11,958 shares during the last quarter. Norges Bank acquired a new position in Littelfuse in the fourth quarter worth about $131,579,000. Victory Capital Management Inc. increased its holdings in Littelfuse by 0.4% in the fourth quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company’s stock valued at $121,048,000 after buying an additional 2,056 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Littelfuse by 0.4% during the third quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock valued at $114,607,000 after buying an additional 1,525 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

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

Littelfuse Trading Down 1.9 %

NASDAQ:LFUS opened at $152.38 on Thursday. The firm has a market capitalization 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 business has a 50 day simple moving average of $207.84 and a 200 day simple moving average of $232.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.58.

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 quarter in the prior year, the business earned $2.02 earnings per share. Equities research analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.84%. The ex-dividend date was Thursday, February 20th. Littelfuse’s dividend payout ratio (DPR) is 62.22%.

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.