Palisade Capital Management LP Buys 11,157 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Palisade Capital Management LP boosted its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,400 shares of the technology company's stock after purchasing an additional 11,157 shares during the period. Littelfuse accounts for about 1.0% of Palisade Capital Management LP's portfolio, making the stock its 20th biggest holding. Palisade Capital Management LP owned about 0.74% of Littelfuse worth $36,082,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in Littelfuse by 228.2% in the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock valued at $25,000 after buying an additional 89 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Littelfuse by 548.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock worth $44,000 after purchasing an additional 159 shares during the period. Fifth Third Bancorp grew its stake in shares of Littelfuse by 30.5% in the first quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock worth $64,000 after purchasing an additional 76 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Littelfuse by 105.6% during the first quarter. Parallel Advisors LLC now owns 333 shares of the technology company's stock worth $66,000 after acquiring an additional 171 shares during the last quarter. Finally, Global X Japan Co. Ltd. lifted its position 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 purchasing an additional 87 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Stock Down 0.4%

NASDAQ LFUS traded down $0.99 during trading hours on Thursday, hitting $236.36. The company's stock had a trading volume of 109,515 shares, compared to its average volume of 164,138. The company has a market capitalization of $5.84 billion, a PE ratio of 54.71, a price-to-earnings-growth ratio of 2.16 and a beta of 1.39. 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, Inc. has a 52 week low of $142.10 and a 52 week high of $275.58. The company's 50-day simple moving average is $211.77 and its two-hundred day simple moving average is $214.63.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.37. Littelfuse had a return on equity of 9.00% and a net margin of 4.89%. The company had revenue of $554.31 million for the quarter, compared to analyst estimates of $537.60 million. During the same quarter last year, the company earned $1.76 earnings per share. The company's revenue for the quarter was up 3.5% on a year-over-year basis. Research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS 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. This represents a $2.80 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, May 22nd. Littelfuse's payout ratio is 64.81%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of the business'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 of the company's stock, valued at approximately $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.50% of the company's stock.

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.