Royce & Associates LP Increases Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Royce & Associates LP boosted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 1.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 219,388 shares of the technology company's stock after purchasing an additional 3,061 shares during the period. Royce & Associates LP owned approximately 0.89% of Littelfuse worth $43,162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LFUS. HighTower Advisors LLC boosted its stake in shares of Littelfuse by 31.1% during the 4th quarter. HighTower Advisors LLC now owns 4,139 shares of the technology company's stock worth $975,000 after acquiring an additional 981 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Littelfuse by 10.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,323 shares of the technology company's stock worth $312,000 after purchasing an additional 120 shares in the last quarter. Xponance Inc. increased its holdings in shares of Littelfuse by 6.1% during the 4th quarter. Xponance Inc. now owns 2,826 shares of the technology company's stock worth $666,000 after buying an additional 163 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Littelfuse during the 4th quarter worth approximately $767,000. Finally, American Century Companies Inc. increased its holdings in shares of Littelfuse by 6.9% during the 4th quarter. American Century Companies Inc. now owns 250,825 shares of the technology company's stock worth $59,108,000 after buying an additional 16,288 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Stock Performance

NASDAQ LFUS traded up $6.83 during trading on Monday, reaching $237.17. The company's stock had a trading volume of 361,770 shares, compared to its average volume of 214,195. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.75 and a current ratio of 3.88. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 54.90, a P/E/G ratio of 2.09 and a beta of 1.39. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $275.56. The business's fifty day moving average price is $223.04 and its 200-day moving average price is $213.81.

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

Insiders Place Their Bets

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $197.50, for a total transaction of $291,707.50. Following the transaction, the senior vice president directly owned 5,975 shares in the company, valued at approximately $1,180,062.50. This represents a 19.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LFUS. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Oppenheimer dropped their price target 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. Wall Street Zen upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Finally, Robert W. Baird lifted 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $252.25.

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.