Oppenheimer & Co. Inc. Acquires 7,195 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Oppenheimer & Co. Inc. raised its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 119.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,219 shares of the technology company’s stock after buying an additional 7,195 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.05% of Littelfuse worth $3,115,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning lifted its position in Littelfuse by 32.0% in the 3rd quarter. Creative Planning now owns 3,567 shares of the technology company’s stock valued at $946,000 after acquiring an additional 865 shares in the last quarter. US Bancorp DE raised its stake in shares of Littelfuse by 1.4% in the 3rd quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock valued at $911,000 after purchasing an additional 49 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Littelfuse by 3.9% in the third quarter. New York State Common Retirement Fund now owns 141,157 shares of the technology company’s stock valued at $37,442,000 after purchasing an additional 5,344 shares in the last quarter. Ceredex Value Advisors LLC boosted its position in shares of Littelfuse by 0.8% during the third quarter. Ceredex Value Advisors LLC now owns 59,397 shares of the technology company’s stock worth $15,755,000 after buying an additional 500 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Littelfuse by 105.3% during the third quarter. Harbor Capital Advisors Inc. now owns 5,464 shares of the technology company’s stock worth $1,449,000 after buying an additional 2,803 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction 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. The trade was a 18.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.30% of the company’s stock.

Littelfuse Trading Down 1.0 %

NASDAQ LFUS opened at $232.11 on Friday. Littelfuse, Inc. has a 12 month low of $222.73 and a 12 month high of $275.58. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $237.90 and a 200-day moving average of $248.49. The company has a market cap of $5.76 billion, a PE ratio of 51.58, a PEG ratio of 2.24 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same period in the previous year, the company earned $2.02 earnings per share. On average, equities research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 20th. Littelfuse’s payout ratio is currently 62.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LFUS shares. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday. Robert W. Baird cut their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.