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Littelfuse, Inc. (NASDAQ:LFUS) Stock Holdings Lifted by Envestnet Asset Management Inc.

Littelfuse logo with Computer and Technology background

Envestnet Asset Management Inc. lifted its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 137,047 shares of the technology company's stock after acquiring an additional 2,571 shares during the quarter. Envestnet Asset Management Inc. owned 0.55% of Littelfuse worth $26,963,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. grew its stake in Littelfuse by 228.2% in the first quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Fifth Third Bancorp grew its stake in 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 purchasing an additional 76 shares in the last quarter. Parallel Advisors LLC grew its stake in 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 purchasing an additional 171 shares in the last quarter. Global X Japan Co. Ltd. grew its stake in Littelfuse by 33.5% in the first quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company's stock worth $68,000 after purchasing an additional 87 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Littelfuse by 5,642.9% in the first 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.

Analyst Ratings Changes

LFUS has been the subject of a number of research reports. Wall Street Zen upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Oppenheimer decreased their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Robert W. Baird lifted their target price on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Finally, Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Littelfuse presently has a consensus rating of "Hold" and a consensus price target of $252.25.

Check Out Our Latest Research Report on LFUS

Insider Activity

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of the company's stock in a transaction 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 transaction, the senior vice president owned 5,975 shares of the company's stock, valued at approximately $1,180,062.50. This represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company's stock.

Littelfuse Stock Performance

Shares of NASDAQ LFUS traded up $0.31 during midday trading on Friday, hitting $233.78. 33,281 shares of the company's stock were exchanged, compared to its average volume of 164,680. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $275.56. The firm has a market cap of $5.78 billion, a P/E ratio of 54.10, a PEG ratio of 2.09 and a beta of 1.39. The stock's 50 day moving average price is $221.04 and its 200-day moving average price is $214.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.88 and a quick ratio of 2.75.

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

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were issued a $0.70 dividend. 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

(Free Report)

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.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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