Nuveen Asset Management LLC Has $11.33 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

Nuveen Asset Management LLC decreased its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 19.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,097 shares of the technology company's stock after selling 11,421 shares during the period. Nuveen Asset Management LLC owned about 0.19% of Littelfuse worth $11,334,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Littelfuse by 52.7% in the third quarter. Barclays PLC now owns 11,448 shares of the technology company's stock valued at $3,037,000 after purchasing an additional 3,949 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock valued at $38,000 after purchasing an additional 105 shares during the period. KBC Group NV increased its stake in shares of Littelfuse by 52.0% in the fourth quarter. KBC Group NV now owns 1,111 shares of the technology company's stock valued at $262,000 after purchasing an additional 380 shares during the period. Trust Point Inc. increased its stake in shares of Littelfuse by 214.6% in the fourth quarter. Trust Point Inc. now owns 3,171 shares of the technology company's stock valued at $747,000 after purchasing an additional 2,163 shares during the period. Finally, Tectonic Advisors LLC increased its stake in shares of Littelfuse by 12.4% in the fourth quarter. Tectonic Advisors LLC now owns 1,841 shares of the technology company's stock valued at $434,000 after purchasing an additional 203 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

Littelfuse Stock Down 1.6%

Shares of Littelfuse stock traded down $3.43 during midday trading on Friday, reaching $205.36. 169,493 shares of the company's stock traded hands, compared to its average volume of 161,372. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 45.64, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. The company's 50 day simple moving average is $186.32 and its 200 day simple moving average is $218.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $275.58.

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. The firm had revenue of $554.31 million for the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The business's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. Equities analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.36%. Littelfuse's payout ratio is 64.81%.

Insider Transactions at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse 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 sale, the senior vice president now directly owns 5,975 shares in the company, valued at approximately $1,180,062.50. The trade was a 19.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on LFUS. Baird R W lowered shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Wall Street Zen cut shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Robert W. Baird increased their price objective on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. 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 report on Thursday, May 1st. Finally, Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.