1,709 Shares in Littelfuse, Inc. (NASDAQ:LFUS) Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP purchased a new stake in Littelfuse, Inc. (NASDAQ:LFUS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,709 shares of the technology company’s stock, valued at approximately $403,000.

A number of other hedge funds also recently made changes to their positions in LFUS. Quent Capital LLC grew its position in Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock valued at $29,000 after acquiring an additional 105 shares during the period. Geneos Wealth Management Inc. grew its stake in Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after buying an additional 105 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Littelfuse during the fourth quarter worth approximately $40,000. Smartleaf Asset Management LLC raised its stake in shares of Littelfuse by 548.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock valued at $44,000 after acquiring an additional 159 shares during the last quarter. Finally, Global X Japan Co. Ltd. boosted its holdings in shares of Littelfuse by 221.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company’s stock worth $61,000 after acquiring an additional 179 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insiders Place Their Bets

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $197.50, for a total transaction of $291,707.50. Following the sale, the senior vice president now directly owns 5,975 shares of the company’s stock, valued at $1,180,062.50. The trade was a 19.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

LFUS has been the topic of several research reports. Robert W. Baird upped their price target on shares of Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Oppenheimer cut their price target on Littelfuse from $310.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Baird R W lowered Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Tuesday, May 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $252.25.

Littelfuse Trading Up 0.4 %

Shares of NASDAQ:LFUS opened at $197.57 on Friday. The company has a 50-day simple moving average of $186.43 and a 200 day simple moving average of $222.68. The company has a market capitalization of $4.88 billion, a P/E ratio of 43.90, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. Littelfuse, Inc. has a 52-week low of $142.10 and a 52-week high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.82 by $0.37. The firm had revenue of $554.31 million for the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 earnings per share. Sell-side analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.42%. Littelfuse’s payout ratio is presently 64.81%.

About Littelfuse

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.