Littelfuse, Inc. (NASDAQ:LFUS) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 119.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,940 shares of the technology company's stock after purchasing an additional 63,632 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.47% of Littelfuse worth $27,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quent Capital LLC boosted its position in shares of Littelfuse by 525.0% in the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company's stock valued at $29,000 after purchasing an additional 105 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock valued at $38,000 after purchasing an additional 105 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Littelfuse in the 4th quarter valued at about $40,000. Smartleaf Asset Management LLC boosted its position in shares of Littelfuse by 548.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock valued at $44,000 after purchasing an additional 159 shares during the period. Finally, Global X Japan Co. Ltd. boosted its position 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 valued at $61,000 after purchasing an additional 179 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Stock Performance

LFUS traded down $2.16 on Monday, hitting $216.56. 188,633 shares of the company traded hands, compared to its average volume of 158,805. The company has a 50 day moving average of $186.91 and a 200-day moving average of $221.01. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $5.35 billion, a PE ratio of 48.12, a PEG ratio of 2.24 and a beta of 1.38. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The firm's revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.76 EPS. Sell-side analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, May 22nd. Littelfuse's dividend payout ratio (DPR) is currently 64.81%.

Analyst Ratings Changes

A number of analysts recently issued reports on LFUS shares. Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Wednesday, April 30th. Oppenheimer decreased their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. StockNews.com raised Littelfuse from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th. Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Robert W. Baird upped their price objective on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $252.25.

Insider Buying and Selling at Littelfuse

In related news, SVP Deepak Nayar sold 1,477 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the sale, the senior vice president now owns 5,975 shares in the company, valued at $1,180,062.50. This represents a 19.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by corporate insiders.

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.