Fisher Asset Management LLC Sells 13,187 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Fisher Asset Management LLC cut its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 205,845 shares of the technology company’s stock after selling 13,187 shares during the quarter. Fisher Asset Management LLC owned 0.83% of Littelfuse worth $48,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LFUS. US Bancorp DE raised its stake in Littelfuse by 1.4% during the 3rd quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock valued at $911,000 after buying an additional 49 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Littelfuse by 3.9% in the third quarter. New York State Common Retirement Fund now owns 141,157 shares of the technology company’s stock worth $37,442,000 after acquiring an additional 5,344 shares during the period. Harbor Capital Advisors Inc. increased its position in Littelfuse by 105.3% during the third quarter. Harbor Capital Advisors Inc. now owns 5,464 shares of the technology company’s stock valued at $1,449,000 after acquiring an additional 2,803 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Littelfuse by 18.1% in the third quarter. Van ECK Associates Corp now owns 33,409 shares of the technology company’s stock valued at $8,457,000 after acquiring an additional 5,127 shares during the period. Finally, Radnor Capital Management LLC purchased a new position in Littelfuse in the third quarter worth about $647,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LFUS has been the subject of several research reports. Robert W. Baird reduced their price target on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $280.00.

Insider Buying and Selling

In related news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the transaction, the chief accounting officer now owns 3,105 shares in the company, valued at approximately $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Littelfuse Price Performance

NASDAQ LFUS opened at $232.11 on Monday. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 12 month low of $222.73 and a 12 month high of $275.58. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 51.58, a PEG ratio of 2.24 and a beta of 1.26. The company’s 50 day moving average is $237.90 and its two-hundred day moving average is $248.46.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 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 posted $2.02 EPS. As a group, research analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is 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.