Proficio Capital Partners LLC Takes Position in Littelfuse, Inc. (NASDAQ:LFUS)

Proficio Capital Partners LLC bought a new position in Littelfuse, Inc. (NASDAQ:LFUS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,003 shares of the technology company’s stock, valued at approximately $5,892,000. Proficio Capital Partners LLC owned 0.10% of Littelfuse at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LFUS. Huntington National Bank increased its stake in Littelfuse by 200.0% during the third 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 acquired a new stake in Littelfuse during the 3rd quarter worth approximately $27,000. Quent Capital LLC raised 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. lifted its position in 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 buying an additional 105 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in Littelfuse during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LFUS. Robert W. Baird cut their target price on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Littelfuse currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Insider Buying and Selling

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the firm’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 directly owns 3,105 shares of the company’s stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

Littelfuse Stock Performance

NASDAQ:LFUS opened at $223.07 on Tuesday. The firm has a 50-day moving average of $237.63 and a two-hundred day moving average of $248.17. 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 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 1-year low of $222.30 and a 1-year high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting 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 period in the prior year, the company earned $2.02 earnings per share. On average, research analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.26%. 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.