Massachusetts Financial Services Co. MA Sells 2,012 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Massachusetts Financial Services Co. MA cut its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUSFree Report) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 714,910 shares of the technology company’s stock after selling 2,012 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.87% of Littelfuse worth $176,812,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Spire Wealth Management increased its position in shares of Littelfuse by 87.0% during the 2nd quarter. Spire Wealth Management now owns 86 shares of the technology company’s stock valued at $25,000 after purchasing an additional 40 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Littelfuse during the 1st quarter valued at $33,000. Geneos Wealth Management Inc. increased its holdings in Littelfuse by 374.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 128 shares of the technology company’s stock worth $37,000 after acquiring an additional 101 shares during the last quarter. DHJJ Financial Advisors Ltd. purchased a new stake in Littelfuse in the 3rd quarter worth about $43,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Littelfuse by 33.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company’s stock worth $44,000 after acquiring an additional 50 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LFUS. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, January 27th. Robert W. Baird decreased their price objective on Littelfuse from $300.00 to $290.00 in a report on Thursday, October 12th.

Get Our Latest Analysis on Littelfuse

Littelfuse Stock Up 0.3 %

Shares of NASDAQ LFUS opened at $238.00 on Wednesday. Littelfuse, Inc. has a 52 week low of $212.80 and a 52 week high of $309.94. The business has a 50-day simple moving average of $248.91 and a two-hundred day simple moving average of $248.93. The company has a quick ratio of 2.49, a current ratio of 3.75 and a debt-to-equity ratio of 0.35. The company has a market cap of $5.93 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.79 and a beta of 1.36.

Littelfuse (NASDAQ:LFUSGet Free Report) last issued its earnings results on Tuesday, January 30th. The technology company reported $2.02 EPS for the quarter, hitting the consensus estimate of $2.02. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The business had revenue of $533.80 million during the quarter, compared to the consensus estimate of $535.76 million. During the same quarter last year, the company earned $3.34 EPS. The firm’s revenue was down 12.9% compared to the same quarter last year. Research analysts anticipate that Littelfuse, Inc. will post 11.02 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.09%. Littelfuse’s dividend payout ratio (DPR) is presently 25.15%.

Insider Activity

In other news, SVP Matthew Cole sold 1,800 shares of Littelfuse stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $236.93, for a total transaction of $426,474.00. Following the completion of the sale, the senior vice president now owns 5,530 shares in the company, valued at approximately $1,310,222.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Littelfuse Profile

(Free Report)

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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