Quent Capital LLC Buys 105 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Quent Capital LLC lifted its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 525.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 125 shares of the technology company’s stock after purchasing an additional 105 shares during the period. Quent Capital LLC’s holdings in Littelfuse were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Huntington National Bank grew its stake in shares of Littelfuse by 200.0% in 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 period. Truvestments Capital LLC bought a new stake in shares of Littelfuse in the third quarter worth approximately $27,000. Geneos Wealth Management Inc. boosted its holdings in shares of Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after buying an additional 105 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Littelfuse in the third quarter worth approximately $53,000. Finally, Global X Japan Co. Ltd. boosted its holdings in shares of Littelfuse by 221.0% in the fourth quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company’s stock worth $61,000 after buying an additional 179 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the business’s stock in a transaction on 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 owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Littelfuse Price Performance

Shares of NASDAQ:LFUS opened at $247.62 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. Littelfuse, Inc. has a 1-year low of $222.73 and a 1-year high of $275.58. The company has a market capitalization of $6.14 billion, a P/E ratio of 55.03, a P/E/G ratio of 2.05 and a beta of 1.26. The firm’s 50 day simple moving average is $237.65 and its two-hundred day simple moving average is $248.65.

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

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.13%. The ex-dividend date is Thursday, February 20th. Littelfuse’s dividend payout ratio is currently 62.22%.

Analyst Ratings Changes

A number of research firms recently issued reports on LFUS. 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 raised shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday. Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Finally, Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

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.