Oppenheimer Asset Management Inc. Lowers Position in Littelfuse, Inc. (NASDAQ:LFUS)

Oppenheimer Asset Management Inc. reduced its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,073 shares of the technology company’s stock after selling 77 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Littelfuse were worth $1,431,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its position in Littelfuse by 126.9% during the 3rd quarter. Jane Street Group LLC now owns 11,418 shares of the technology company’s stock worth $3,029,000 after purchasing an additional 6,386 shares during the period. Chesapeake Capital Corp IL acquired a new position in Littelfuse during the third quarter worth $570,000. Thrivent Financial for Lutherans raised its position in Littelfuse by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock worth $73,781,000 after acquiring an additional 3,831 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in Littelfuse by 5.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after acquiring an additional 50 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Littelfuse by 38.4% during the 3rd quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock worth $48,048,000 after purchasing an additional 50,304 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Stock Performance

Shares of LFUS opened at $223.07 on Tuesday. The company has a 50-day moving average of $237.63 and a two-hundred day moving average of $248.17. The stock has a market cap of $5.54 billion, a P/E ratio of 49.57, a PEG ratio of 2.24 and a beta of 1.26. Littelfuse, Inc. has a 12-month low of $222.30 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.

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

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be given a $0.70 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.26%. Littelfuse’s dividend payout ratio is currently 62.22%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LFUS shares. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, Robert W. Baird decreased their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Three research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $280.00.

Insider Activity at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now directly owns 3,105 shares in the company, valued at approximately $773,207.10. This represents a 18.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Company 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.