Neuberger Berman Group LLC Has $246.73 Million Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Neuberger Berman Group LLC lifted its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,047,025 shares of the technology company’s stock after purchasing an additional 11,958 shares during the period. Neuberger Berman Group LLC’s holdings in Littelfuse were worth $246,732,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Littelfuse during the 4th quarter worth about $32,865,000. Rathbones Group PLC lifted its holdings in Littelfuse by 17.9% in the fourth quarter. Rathbones Group PLC now owns 21,558 shares of the technology company’s stock valued at $5,080,000 after buying an additional 3,270 shares during the period. Bank of Montreal Can lifted its holdings in Littelfuse by 10.1% in the fourth quarter. Bank of Montreal Can now owns 3,426 shares of the technology company’s stock valued at $807,000 after buying an additional 314 shares during the period. Federated Hermes Inc. lifted its holdings in Littelfuse by 7.0% in the fourth quarter. Federated Hermes Inc. now owns 230,573 shares of the technology company’s stock valued at $54,335,000 after buying an additional 15,082 shares during the period. Finally, ExodusPoint Capital Management LP bought a new stake in Littelfuse in the fourth quarter valued at approximately $8,838,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

LFUS has been the subject of several research reports. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Robert W. Baird cut their price target on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $285.00.

Littelfuse Stock Performance

Shares of LFUS stock opened at $166.62 on Thursday. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.58. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $4.12 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. The firm has a fifty day simple moving average of $215.58 and a two-hundred day simple moving average of $235.72.

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, hitting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same period in the prior year, the business earned $2.02 EPS. Analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s payout ratio is 62.22%.

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.