Jennison Associates LLC Sells 144,076 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Jennison Associates LLC lowered its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 79.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,015 shares of the technology company's stock after selling 144,076 shares during the period. Jennison Associates LLC owned 0.15% of Littelfuse worth $7,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Littelfuse by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company's stock worth $661,508,000 after purchasing an additional 40,423 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Littelfuse by 1.2% in the 4th quarter. Neuberger Berman Group LLC now owns 1,047,025 shares of the technology company's stock valued at $246,732,000 after purchasing an additional 11,958 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Littelfuse by 7.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company's stock valued at $179,895,000 after purchasing an additional 55,835 shares in the last quarter. Norges Bank acquired a new stake in shares of Littelfuse in the 4th quarter valued at $131,579,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Littelfuse by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 442,554 shares of the technology company's stock valued at $104,287,000 after acquiring an additional 22,287 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

Insider Activity

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of the firm's 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 sale, the senior vice president owned 5,975 shares in the company, valued at $1,180,062.50. This trade represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.50% of the company's stock.

Littelfuse Price Performance

Shares of NASDAQ LFUS opened at $234.48 on Monday. The stock has a fifty day simple moving average of $221.78 and a two-hundred day simple moving average of $214.08. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year high of $275.56. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 54.28, a price-to-earnings-growth ratio of 2.13 and a beta of 1.39. The company has a current ratio of 3.88, a quick ratio of 2.75 and a debt-to-equity ratio of 0.32.

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

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a $0.70 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.19%. Littelfuse's dividend payout ratio (DPR) is presently 64.81%.

Analysts Set New Price Targets

Several research analysts recently issued reports on LFUS shares. Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Wall Street Zen raised Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Oppenheimer decreased their price objective on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Robert W. Baird boosted their price objective on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.

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