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

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

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Littelfuse by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company's stock worth $73,649,000 after purchasing an additional 8,588 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in shares of Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after purchasing an additional 50 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Littelfuse during the fourth quarter worth approximately $5,892,000. Bank of New York Mellon Corp boosted its holdings in shares of Littelfuse by 7.4% during the fourth quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company's stock worth $61,293,000 after purchasing an additional 18,013 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Littelfuse by 0.4% during the fourth quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company's stock worth $121,048,000 after purchasing an additional 2,056 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Deepak Nayar sold 1,477 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $197.50, for a total value of $291,707.50. Following the completion of the transaction, the senior vice president now directly owns 5,975 shares of the company's stock, valued at approximately $1,180,062.50. This trade represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by insiders.

Littelfuse Stock Performance

Shares of Littelfuse stock traded up $1.39 on Thursday, reaching $208.79. The stock had a trading volume of 171,559 shares, compared to its average volume of 160,821. The business's 50-day moving average price is $186.54 and its two-hundred day moving average price is $218.94. 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 fifty-two week low of $142.10 and a fifty-two week high of $275.58. The stock has a market cap of $5.16 billion, a P/E ratio of 46.40, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38.

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 for the quarter, topping analysts' consensus estimates of $1.82 by $0.37. The business had revenue of $554.31 million during the quarter, compared to analysts' expectations of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. Littelfuse's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 earnings per share. On average, sell-side analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse's payout ratio is 64.81%.

Analysts Set New Price Targets

LFUS has been the subject of a number of analyst reports. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research note on Wednesday. Oppenheimer reduced their target price 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. Baird R W cut 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 research note on Wednesday, May 21st. Finally, 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.