Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 41.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,565 shares of the technology company's stock after selling 1,108 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Littelfuse were worth $308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Littelfuse by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company's stock worth $661,508,000 after buying an additional 40,423 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Littelfuse by 1.2% during the fourth quarter. Neuberger Berman Group LLC now owns 1,047,025 shares of the technology company's stock worth $246,732,000 after buying an additional 11,958 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Littelfuse by 7.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company's stock worth $179,895,000 after buying an additional 55,835 shares during the period. Norges Bank acquired a new stake in shares of Littelfuse during the fourth quarter worth $131,579,000. Finally, Victory Capital Management Inc. lifted its stake 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 buying 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 at Littelfuse

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 value of $291,707.50. Following the completion of the transaction, the senior vice president 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 legal filing with the SEC, which is accessible through this link. Company insiders own 2.50% of the company's stock.

Littelfuse Price Performance

Shares of Littelfuse stock traded up $4.48 during trading hours on Tuesday, reaching $231.21. The stock had a trading volume of 117,850 shares, compared to its average volume of 163,729. The stock's 50 day moving average is $209.08 and its 200 day moving average is $214.56. The firm has a market capitalization of $5.72 billion, a PE ratio of 53.52, a PEG ratio of 2.06 and a beta of 1.39. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $275.58. The company has a current ratio of 3.88, a quick ratio of 2.75 and a debt-to-equity ratio of 0.32.

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 the consensus estimate of $537.60 million. Littelfuse had a net margin of 4.89% and a return on equity of 9.00%. The company's revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.76 earnings per share. Equities analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.21%. Littelfuse's dividend payout ratio (DPR) is currently 64.81%.

Analysts Set New Price Targets

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

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.