Alliancebernstein L.P. Has $7.87 Million Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Alliancebernstein L.P. lessened its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,398 shares of the technology company’s stock after selling 853 shares during the quarter. Alliancebernstein L.P.’s holdings in Littelfuse were worth $7,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Atria Wealth Solutions Inc. lifted 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 purchasing an additional 50 shares during the period. Arizona State Retirement System raised its stake in shares of Littelfuse by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock valued at $1,694,000 after buying an additional 51 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Littelfuse by 11.4% during the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company’s stock worth $189,000 after acquiring an additional 82 shares during the period. Captrust Financial Advisors boosted its position in shares of Littelfuse by 6.5% during the 3rd quarter. Captrust Financial Advisors now owns 1,488 shares of the technology company’s stock valued at $395,000 after acquiring an additional 91 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Littelfuse by 1.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,560 shares of the technology company’s stock valued at $1,310,000 after acquiring an additional 96 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on LFUS shares. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. 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. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Thursday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Littelfuse has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Stock Up 1.8 %

Shares of LFUS opened at $155.40 on Friday. The business’s 50 day simple moving average is $212.49 and its 200-day simple moving average is $234.27. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.58. The company has a market capitalization of $3.84 billion, a P/E ratio of 34.53, a PEG ratio of 2.24 and a beta of 1.30. 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 (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 EPS 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 period last year, the company earned $2.02 EPS. As a group, sell-side analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s dividend payout ratio is currently 62.22%.

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.