Tectonic Advisors LLC Has $434,000 Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Tectonic Advisors LLC lifted its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,841 shares of the technology company’s stock after purchasing an additional 203 shares during the period. Tectonic Advisors LLC’s holdings in Littelfuse were worth $434,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Creative Planning raised its position in Littelfuse by 30.3% during the 2nd quarter. Creative Planning now owns 2,702 shares of the technology company’s stock worth $691,000 after purchasing an additional 628 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Littelfuse during the second quarter worth about $981,000. Handelsbanken Fonder AB lifted its stake in shares of Littelfuse by 37.5% in the third quarter. Handelsbanken Fonder AB now owns 4,765 shares of the technology company’s stock worth $1,264,000 after acquiring an additional 1,300 shares during the period. GAMMA Investing LLC boosted its holdings in Littelfuse by 41.8% in the third quarter. GAMMA Investing LLC now owns 234 shares of the technology company’s stock valued at $62,000 after acquiring an additional 69 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Littelfuse by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 59 shares during the period. Institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LFUS. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Robert W. Baird decreased their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Insiders Place Their Bets

In other news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the sale, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Price Performance

Shares of NASDAQ LFUS opened at $233.51 on Friday. The firm has a market capitalization of $5.80 billion, a P/E ratio of 51.89, a P/E/G ratio of 2.09 and a beta of 1.26. The firm’s 50-day moving average price is $238.64 and its 200-day moving average price is $249.50. 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 1-year low of $222.73 and a 1-year high of $275.58.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same quarter in the prior year, the company posted $2.02 EPS. Equities research analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.20%. Littelfuse’s dividend payout ratio (DPR) is presently 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.