Allspring Global Investments Holdings LLC Decreases Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Allspring Global Investments Holdings LLC cut its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 19.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,259 shares of the technology company's stock after selling 25,577 shares during the period. Allspring Global Investments Holdings LLC owned 0.42% of Littelfuse worth $20,131,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in shares of Littelfuse by 548.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock valued at $44,000 after acquiring an additional 159 shares during the last quarter. Fifth Third Bancorp lifted its stake in Littelfuse by 30.5% in the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock worth $64,000 after purchasing an additional 76 shares in the last quarter. Parallel Advisors LLC grew its holdings in Littelfuse by 105.6% during the 1st quarter. Parallel Advisors LLC now owns 333 shares of the technology company's stock valued at $66,000 after buying an additional 171 shares in the last quarter. Global X Japan Co. Ltd. grew its stake in shares of Littelfuse by 33.5% in the 1st quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company's stock worth $68,000 after buying an additional 87 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Littelfuse by 5,642.9% in the 1st 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 last quarter. Institutional investors own 96.14% of the company's stock.

Littelfuse Price Performance

LFUS stock traded up $6.14 during mid-day trading on Wednesday, reaching $237.35. 186,769 shares of the company's stock were exchanged, compared to its average volume of 163,821. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.88 and a quick ratio of 2.75. The stock's 50 day moving average is $209.08 and its 200 day moving average is $214.56. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 54.94, a price-to-earnings-growth ratio of 2.06 and a beta of 1.39. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $2.19 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 during the quarter, compared to analysts' expectations of $537.60 million. During the same quarter in the previous year, the company earned $1.76 earnings per share. The company's quarterly revenue was up 3.5% on a year-over-year basis. On average, research analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, May 22nd. Littelfuse's dividend payout ratio is presently 64.81%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wall Street Zen upgraded Littelfuse from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Oppenheimer dropped their price objective on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird boosted their price target on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $252.25.

Insider Activity at Littelfuse

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the transaction, the senior vice president owned 5,975 shares in the company, valued at approximately $1,180,062.50. This trade represents a 19.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company's stock.

Littelfuse Profile

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.