Avantax Advisory Services Inc. Lowers Position in Littelfuse, Inc. (NASDAQ:LFUS)

Avantax Advisory Services Inc. decreased its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,925 shares of the technology company’s stock after selling 995 shares during the period. Avantax Advisory Services Inc.’s holdings in Littelfuse were worth $1,632,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of LFUS. Huntington National Bank boosted its holdings in Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after acquiring an additional 64 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Littelfuse during the third quarter valued at about $27,000. Quent Capital LLC boosted its holdings in Littelfuse by 525.0% during the fourth 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 last quarter. Geneos Wealth Management Inc. grew its position in Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after purchasing an additional 105 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in Littelfuse in the 4th quarter valued at about $40,000. Institutional investors own 96.14% of the company’s stock.

Littelfuse Trading Up 2.1 %

Shares of LFUS opened at $214.91 on Tuesday. Littelfuse, Inc. has a fifty-two week low of $201.97 and a fifty-two week high of $275.58. The business has a 50-day moving average of $232.76 and a 200 day moving average of $244.34. The firm has a market cap of $5.33 billion, a P/E ratio of 47.76, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. 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 earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting 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 in the prior year, the business earned $2.02 earnings per share. As a group, research analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.30%. Littelfuse’s dividend payout ratio is currently 62.22%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LFUS. Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Robert W. Baird cut their price target 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. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

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.