Brown Advisory Inc. Sells 10,800 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Brown Advisory Inc. trimmed its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 350,743 shares of the technology company's stock after selling 10,800 shares during the period. Brown Advisory Inc. owned 1.42% of Littelfuse worth $69,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of Littelfuse by 548.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock valued at $44,000 after acquiring an additional 159 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $73,649,000 after acquiring an additional 8,588 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Littelfuse by 11.4% in the fourth quarter. Assetmark Inc. now owns 801 shares of the technology company's stock worth $189,000 after acquiring an additional 82 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Littelfuse in the fourth quarter valued at approximately $5,892,000. Finally, Arizona State Retirement System increased its stake in shares of Littelfuse by 0.7% in the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock valued at $1,694,000 after buying an additional 51 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Littelfuse Stock Down 1.7%

NASDAQ:LFUS traded down $3.94 during trading hours on Friday, hitting $233.85. 103,915 shares of the company traded hands, compared to its average volume of 165,106. The company has a quick ratio of 2.75, a current ratio of 3.88 and a debt-to-equity ratio of 0.32. The firm's 50-day simple moving average is $218.05 and its 200-day simple moving average is $214.40. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.58. The company has a market cap of $5.78 billion, a PE ratio of 54.13, a PEG ratio of 2.13 and a beta of 1.39.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, topping 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 return on equity of 9.00% and a net margin of 4.89%. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 EPS. Equities analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

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

Insiders Place Their Bets

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the completion of the transaction, the senior vice president owned 5,975 shares of the company's stock, valued at $1,180,062.50. The trade was a 19.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by insiders.

Littelfuse Company 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.