Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 51.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 140,896 shares of the technology company's stock after selling 149,033 shares during the quarter. Invesco Ltd. owned about 0.57% of Littelfuse worth $33,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LFUS. Jane Street Group LLC raised its holdings in Littelfuse by 126.9% in the 3rd quarter. Jane Street Group LLC now owns 11,418 shares of the technology company's stock valued at $3,029,000 after acquiring an additional 6,386 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 buying an additional 8,588 shares during the period. Atria Wealth Solutions Inc. boosted its stake in Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after buying an additional 50 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Littelfuse in the 4th quarter valued at about $5,892,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Littelfuse by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company's stock valued at $61,293,000 after acquiring an additional 18,013 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Thursday, April 10th. Robert W. Baird reissued a "neutral" rating and set a $182.00 price objective (down from $225.00) on shares of Littelfuse in a research note on Tuesday, April 15th. Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, StockNews.com downgraded Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $258.00.

Littelfuse Trading Up 3.5 %

Shares of Littelfuse stock traded up $5.72 during trading hours on Wednesday, hitting $169.10. The company's stock had a trading volume of 90,964 shares, compared to its average volume of 223,785. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $4.18 billion, a PE ratio of 37.58, a P/E/G ratio of 2.24 and a beta of 1.30. The business has a fifty day moving average of $201.09 and a 200 day moving average of $229.17. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same period last year, the firm earned $2.02 EPS. As a group, equities analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse's dividend payout ratio (DPR) is 62.22%.

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.