Summit Creek Advisors LLC Purchases 167 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Summit Creek Advisors LLC lifted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,222 shares of the technology company’s stock after buying an additional 167 shares during the quarter. Summit Creek Advisors LLC’s holdings in Littelfuse were worth $12,777,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Pathstone Holdings LLC lifted its stake in Littelfuse by 0.6% in the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock worth $1,730,000 after acquiring an additional 40 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after purchasing an additional 50 shares during the period. Arizona State Retirement System boosted its stake in shares of Littelfuse by 0.7% during the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock valued at $1,694,000 after purchasing an additional 51 shares in the last quarter. Assetmark Inc. increased its holdings in Littelfuse by 11.4% during the fourth quarter. Assetmark Inc. now owns 801 shares of the technology company’s stock valued at $189,000 after buying an additional 82 shares during the period. Finally, Captrust Financial Advisors raised its stake in Littelfuse by 6.5% in the third quarter. Captrust Financial Advisors now owns 1,488 shares of the technology company’s stock worth $395,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LFUS. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Finally, Robert W. Baird decreased 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. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $280.00.

Littelfuse Stock Down 0.7 %

Shares of Littelfuse stock opened at $209.79 on Monday. The firm’s 50 day moving average price is $230.69 and its 200-day moving average price is $242.81. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 52-week low of $201.97 and a 52-week high of $275.58. The company has a market cap of $5.18 billion, a P/E ratio of 46.62, a PEG ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting 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 firm posted $2.02 EPS. On average, sell-side analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently disclosed 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 (DPR) is currently 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.