Alps Advisors Inc. Boosts Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Alps Advisors Inc. raised its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,613 shares of the technology company's stock after acquiring an additional 3,721 shares during the period. Alps Advisors Inc. owned approximately 0.21% of Littelfuse worth $10,154,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. First Horizon Advisors Inc. boosted its holdings in Littelfuse by 228.2% in the first quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock valued at $25,000 after purchasing an additional 89 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Littelfuse by 30.5% in the first quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock worth $64,000 after buying an additional 76 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Littelfuse by 105.6% in the first quarter. Parallel Advisors LLC now owns 333 shares of the technology company's stock worth $66,000 after buying an additional 171 shares during the last quarter. Global X Japan Co. Ltd. lifted its holdings in Littelfuse by 33.5% in the first quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company's stock valued at $68,000 after acquiring an additional 87 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Littelfuse by 5,642.9% in the 1st quarter. Farther Finance Advisors LLC now owns 402 shares of the technology company's stock worth $78,000 after purchasing an additional 395 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

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 owned 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. Insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on LFUS shares. Wall Street Zen raised shares of Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Oppenheimer dropped their price target on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Robert W. Baird raised their target price on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Benchmark restated a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Littelfuse has a consensus rating of "Hold" and an average price target of $252.25.

Littelfuse Trading Down 1.7%

Littelfuse stock traded down $3.94 during mid-day trading on Friday, hitting $233.85. The company's stock had a trading volume of 103,915 shares, compared to its average volume of 165,113. The stock's fifty day moving average is $218.05 and its two-hundred day moving average is $214.56. The company has a current ratio of 3.88, a quick ratio of 2.75 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.78 billion, a PE ratio of 54.13, a price-to-earnings-growth ratio of 2.16 and a beta of 1.39. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $0.37. The company had revenue of $554.31 million for the quarter, compared to analysts' expectations of $537.60 million. Littelfuse had a net margin of 4.89% and a return on equity of 9.00%. Littelfuse's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.76 earnings per share. On average, analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.70 per share. The ex-dividend date was Thursday, May 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.20%. Littelfuse's dividend payout ratio is currently 64.81%.

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.