Victory Capital Management Inc. Sells 7,673 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Victory Capital Management Inc. cut its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 1.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 506,006 shares of the technology company's stock after selling 7,673 shares during the period. Victory Capital Management Inc. owned 2.05% of Littelfuse worth $99,552,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in shares of Littelfuse by 228.2% during 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 during the last quarter. Fifth Third Bancorp increased 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 valued at $64,000 after purchasing an additional 76 shares during the period. Parallel Advisors LLC increased 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 valued at $66,000 after purchasing an additional 171 shares during the period. Global X Japan Co. Ltd. increased its stake in shares of Littelfuse by 33.5% during 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 increased its stake in shares of Littelfuse by 5,642.9% during the first quarter. Farther Finance Advisors LLC now owns 402 shares of the technology company's stock valued at $78,000 after acquiring an additional 395 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LFUS. Oppenheimer decreased their price objective 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. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Robert W. Baird lifted their target price on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Wall Street Zen raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Finally, Baird R W lowered shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $252.25.

Insiders Place Their Bets

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 transaction of $291,707.50. Following the sale, the senior vice president directly owned 5,975 shares in the company, valued at $1,180,062.50. This trade represents a 19.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is owned by company insiders.

Littelfuse Trading Up 0.4%

Shares of LFUS traded up $1.01 on Friday, reaching $234.48. 94,056 shares of the company's stock were exchanged, compared to its average volume of 165,651. 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 stock has a market capitalization of $5.80 billion, a P/E ratio of 54.28, a price-to-earnings-growth ratio of 2.13 and a beta of 1.39. The business has a 50 day moving average price of $221.78 and a two-hundred day moving average price of $214.08. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.56.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings data 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. Littelfuse had a net margin of 4.89% and a return on equity of 9.00%. The company had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. During the same quarter in the prior year, the firm earned $1.76 earnings per share. The firm's revenue was up 3.5% compared to the same quarter last year. Research 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. Shareholders of record on Thursday, May 22nd were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.19%. The ex-dividend date was Thursday, May 22nd. Littelfuse's dividend payout ratio (DPR) is 64.81%.

About Littelfuse

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.