Tectonic Advisors LLC Buys 203 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Tectonic Advisors LLC grew its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,841 shares of the technology company’s stock after purchasing an additional 203 shares during the quarter. Tectonic Advisors LLC’s holdings in Littelfuse were worth $434,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Creative Planning lifted its position in Littelfuse by 30.3% during the second quarter. Creative Planning now owns 2,702 shares of the technology company’s stock worth $691,000 after acquiring an additional 628 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Littelfuse during the second quarter worth approximately $981,000. Handelsbanken Fonder AB boosted its stake in Littelfuse by 37.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 4,765 shares of the technology company’s stock valued at $1,264,000 after purchasing an additional 1,300 shares during the period. GAMMA Investing LLC grew its holdings in Littelfuse by 41.8% in the 3rd quarter. GAMMA Investing LLC now owns 234 shares of the technology company’s stock valued at $62,000 after buying an additional 69 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Littelfuse by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Stock Performance

Shares of NASDAQ:LFUS opened at $233.51 on Friday. Littelfuse, Inc. has a 1 year low of $222.73 and a 1 year high of $275.58. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 51.89, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26. 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 company’s 50 day simple moving average is $238.64 and its 200 day simple moving average is $249.50.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting the consensus estimate 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. As a group, research analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be issued a $0.70 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.20%. Littelfuse’s dividend payout ratio (DPR) is currently 62.22%.

Wall Street Analysts Forecast Growth

LFUS has been the subject of a number of recent research reports. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Tuesday. Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a report on Thursday, October 17th. Finally, Robert W. Baird cut their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $280.00.

Insider Activity

In other news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,105 shares in the company, valued at approximately $773,207.10. This represents a 18.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

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.