Trexquant Investment LP Takes $3.64 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

Trexquant Investment LP purchased a new position in Littelfuse, Inc. (NASDAQ:LFUS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,457 shares of the technology company’s stock, valued at approximately $3,642,000. Trexquant Investment LP owned approximately 0.06% of Littelfuse as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Littelfuse by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company’s stock worth $661,508,000 after buying an additional 40,423 shares during the period. State Street Corp lifted its holdings in shares of Littelfuse by 3.4% during the third quarter. State Street Corp now owns 747,082 shares of the technology company’s stock valued at $198,164,000 after acquiring an additional 24,571 shares during the period. Norges Bank bought a new position in shares of Littelfuse during the fourth quarter valued at $131,579,000. Victory Capital Management Inc. boosted its stake in shares of Littelfuse by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company’s stock valued at $121,048,000 after purchasing an additional 2,056 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Littelfuse by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock worth $114,607,000 after purchasing an additional 1,525 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Littelfuse Price Performance

LFUS opened at $152.56 on Monday. 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 capitalization of $3.77 billion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. The company’s 50 day simple moving average is $223.12 and its 200-day simple moving average is $238.99. Littelfuse, Inc. has a one year low of $146.29 and a one year high of $275.58.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data 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 last year, the business posted $2.02 EPS. Sell-side analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.84%. Littelfuse’s payout ratio is presently 62.22%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Robert W. Baird reduced their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Littelfuse has an average rating of “Moderate Buy” and an average price target of $280.00.

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.