Pictet Asset Management Holding SA Purchases 465 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Pictet Asset Management Holding SA grew its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 13.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,876 shares of the technology company’s stock after buying an additional 465 shares during the period. Pictet Asset Management Holding SA’s holdings in Littelfuse were worth $913,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jane Street Group LLC boosted its holdings in Littelfuse by 126.9% in the 3rd quarter. Jane Street Group LLC now owns 11,418 shares of the technology company’s stock worth $3,029,000 after buying an additional 6,386 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Littelfuse by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock valued at $73,649,000 after purchasing an additional 8,588 shares in the last quarter. Atria Wealth Solutions Inc. grew its position in shares of Littelfuse by 5.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock valued at $225,000 after purchasing an additional 50 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Littelfuse during the 4th quarter valued at $5,892,000. Finally, Bank of New York Mellon Corp grew its holdings in Littelfuse by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company’s stock valued at $61,293,000 after buying an additional 18,013 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LFUS shares. Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Robert W. Baird reduced their price target on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Littelfuse presently has an average rating of “Moderate Buy” and an average target price of $280.00.

Littelfuse Price Performance

Shares of NASDAQ:LFUS opened at $152.56 on Monday. Littelfuse, Inc. has a one year low of $146.29 and a one year high of $275.58. 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 firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 2.24 and a beta of 1.30. The company’s fifty day moving average price is $223.12 and its 200-day moving average price is $238.99.

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

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s dividend payout ratio is currently 62.22%.

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.