Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Crestline Management LP

Crestline Management LP reduced its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 25.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,461 shares of the technology company's stock after selling 1,847 shares during the period. Crestline Management LP's holdings in Littelfuse were worth $1,287,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Littelfuse by 2.8% during 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 buying an additional 8,588 shares during the period. Atria Wealth Solutions Inc. grew its position in Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after buying an additional 50 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Littelfuse in the fourth quarter valued at approximately $5,892,000. Bank of New York Mellon Corp lifted its holdings in shares of 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 worth $61,293,000 after acquiring an additional 18,013 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Littelfuse by 0.4% during the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company's stock valued at $121,048,000 after buying an additional 2,056 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

Insider Buying and Selling at Littelfuse

In related news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $197.50, for a total value of $291,707.50. Following the completion of the transaction, the senior vice president now owns 5,975 shares in the company, valued at approximately $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Littelfuse Stock Performance

NASDAQ:LFUS traded up $20.15 during midday trading on Monday, hitting $217.72. The company's stock had a trading volume of 393,122 shares, compared to its average volume of 157,856. The firm has a market cap of $5.38 billion, a P/E ratio of 48.38, a P/E/G ratio of 2.24 and a beta of 1.38. The firm's 50 day moving average is $186.43 and its 200-day moving average is $222.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. Littelfuse, Inc. has a fifty-two week low of $142.10 and a fifty-two week high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, topping 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 net margin of 5.16% and a return on equity of 8.55%. The company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.76 EPS. Equities analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors 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 of this dividend is Thursday, May 22nd. Littelfuse's dividend payout ratio is presently 64.81%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Oppenheimer reduced their price target on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. StockNews.com upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Tuesday, May 6th. Robert W. Baird upped their target price on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $252.25.

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.