Orion Portfolio Solutions LLC Cuts Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Orion Portfolio Solutions LLC trimmed its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 2.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,604 shares of the technology company’s stock after selling 130 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Littelfuse were worth $1,221,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Pathstone Holdings LLC increased its position in shares of Littelfuse by 0.6% during the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock worth $1,730,000 after purchasing an additional 40 shares in the last quarter. Assetmark Inc. increased its position in shares of Littelfuse by 6.5% during the third quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock worth $191,000 after purchasing an additional 44 shares in the last quarter. US Bancorp DE increased its position in shares of Littelfuse by 1.4% during the third quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock worth $911,000 after purchasing an additional 49 shares in the last quarter. Rathbones Group PLC increased its position in shares of Littelfuse by 0.3% during the second quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock worth $4,249,000 after purchasing an additional 52 shares in the last quarter. Finally, Tributary Capital Management LLC increased its position in shares of Littelfuse by 1.4% during the third quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock worth $1,045,000 after purchasing an additional 55 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Stock Performance

Shares of Littelfuse stock opened at $246.30 on Friday. Littelfuse, Inc. has a 52 week low of $222.91 and a 52 week high of $275.58. The business’s fifty day simple moving average is $251.16 and its 200-day simple moving average is $255.26. The firm has a market cap of $6.11 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The business had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. During the same quarter in the prior year, the company posted $2.97 EPS. The company’s quarterly revenue was down 6.5% on a year-over-year basis. Equities analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is presently 35.99%.

Analyst Upgrades and Downgrades

Several analysts recently commented on LFUS shares. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a research report on Thursday, October 17th. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Robert W. Baird upped their target price on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Littelfuse has an average rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse 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.