Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS – Get Rating) by 8.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,251 shares of the technology company's stock after purchasing an additional 840 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Littelfuse were worth $2,806,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Littelfuse by 1.8% during the 1st quarter. BlackRock Inc. now owns 2,040,384 shares of the technology company's stock worth $508,893,000 after buying an additional 37,011 shares during the last quarter. Mairs & Power Inc. increased its holdings in Littelfuse by 4.1% in the 1st quarter. Mairs & Power Inc. now owns 835,547 shares of the technology company's stock valued at $208,394,000 after purchasing an additional 32,923 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Littelfuse by 6.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 640,238 shares of the technology company's stock valued at $159,682,000 after purchasing an additional 38,898 shares in the last quarter. State Street Corp increased its holdings in Littelfuse by 3.6% in the 1st quarter. State Street Corp now owns 638,911 shares of the technology company's stock valued at $159,351,000 after purchasing an additional 22,265 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in Littelfuse by 3.5% in the 1st quarter. Brown Advisory Inc. now owns 354,013 shares of the technology company's stock valued at $88,413,000 after purchasing an additional 11,828 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.
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Littelfuse Stock Performance
NASDAQ:LFUS opened at $200.09 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.31 and a quick ratio of 3.07. The firm has a 50-day moving average of $241.85 and a two-hundred day moving average of $247.10. The stock has a market cap of $4.95 billion, a P/E ratio of 14.34, a PEG ratio of 1.00 and a beta of 1.18. Littelfuse, Inc. has a 1-year low of $195.94 and a 1-year high of $334.84.
Littelfuse Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th were given a $0.60 dividend. This is a boost from Littelfuse's previous quarterly dividend of $0.53. This represents a $2.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Wednesday, August 24th. Littelfuse's dividend payout ratio is presently 17.20%.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Robert W. Baird lowered their price target on Littelfuse from $272.00 to $245.00 and set a "neutral" rating for the company in a report on Friday, September 16th. StockNews.com downgraded Littelfuse from a "buy" rating to a "hold" rating in a report on Friday, September 2nd. Finally, Benchmark assumed coverage on Littelfuse in a report on Wednesday, September 21st. They issued a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $288.33.
About Littelfuse
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Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's 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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