Wedge Capital Management L L P NC Sells 3,912 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Wedge Capital Management L L P NC lowered its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 16.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,795 shares of the technology company's stock after selling 3,912 shares during the quarter. Wedge Capital Management L L P NC owned 0.08% of Littelfuse worth $3,894,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LFUS. Norges Bank bought a new stake in shares of Littelfuse during the 4th quarter valued at about $131,579,000. Raymond James Financial Inc. purchased a new position in shares of Littelfuse in the fourth quarter worth approximately $32,865,000. GAMMA Investing LLC grew its position in Littelfuse by 60,177.7% during the first quarter. GAMMA Investing LLC now owns 113,322 shares of the technology company's stock valued at $22,295,000 after buying an additional 113,134 shares during the period. BLI Banque de Luxembourg Investments bought a new stake in Littelfuse during the fourth quarter valued at approximately $16,250,000. Finally, Ameriprise Financial Inc. increased its holdings in Littelfuse by 119.4% during the fourth quarter. Ameriprise Financial Inc. now owns 116,940 shares of the technology company's stock valued at $27,557,000 after buying an additional 63,632 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Littelfuse Price Performance

NASDAQ:LFUS traded up $4.62 during trading hours on Tuesday, reaching $227.31. The stock had a trading volume of 161,276 shares, compared to its average volume of 163,346. The stock has a market capitalization of $5.62 billion, a PE ratio of 50.51, a PEG ratio of 2.24 and a beta of 1.38. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $275.58. The company has a 50 day moving average price of $187.84 and a two-hundred day moving average price of $217.09. 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 (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.37. The company had revenue of $554.31 million for 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 quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.76 earnings per share. As a group, sell-side analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Thursday, May 22nd. Littelfuse's dividend payout ratio is 64.81%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded Littelfuse from a "buy" rating to a "hold" rating in a research report on Friday. Oppenheimer cut 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. Robert W. Baird boosted their target price on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Baird R W lowered shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Littelfuse currently has a consensus rating of "Hold" and an average target price of $252.25.

Insider Activity at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction on Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the completion of the sale, the senior vice president now directly owns 5,975 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by insiders.

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.