Royce & Associates LP Has $50.98 Million Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Royce & Associates LP boosted its position in Littelfuse, Inc. (NASDAQ:LFUS) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,327 shares of the technology company’s stock after buying an additional 944 shares during the period. Royce & Associates LP’s holdings in Littelfuse were worth $50,977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank lifted its holdings in Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after buying an additional 64 shares during the period. Truvestments Capital LLC acquired a new position in Littelfuse in the third quarter valued at $27,000. Quent Capital LLC lifted its holdings in Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock valued at $29,000 after buying an additional 105 shares during the period. Geneos Wealth Management Inc. raised its holdings 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 valued at $38,000 after purchasing an additional 105 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Littelfuse during the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Robert W. Baird dropped their price objective 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. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Trading Up 2.6 %

NASDAQ:LFUS opened at $210.51 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The firm has a 50-day moving average of $233.28 and a 200-day moving average of $244.89. The company has a market cap of $5.22 billion, a PE ratio of 46.78, a PEG ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a one year low of $201.97 and a one year high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its 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 return on equity of 8.55% and a net margin of 5.16%. During the same period last year, the firm earned $2.02 earnings per share. As a group, equities research analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s dividend payout ratio is presently 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.