Littelfuse, Inc. (NASDAQ:LFUS) Stake Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 8.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 49,183 shares of the technology company's stock after acquiring an additional 3,879 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.20% of Littelfuse worth $11,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LFUS. Barclays PLC increased its holdings in Littelfuse by 52.7% during the 3rd quarter. Barclays PLC now owns 11,448 shares of the technology company's stock worth $3,037,000 after purchasing an additional 3,949 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Littelfuse by 4.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,066 shares of the technology company's stock worth $723,000 after purchasing an additional 135 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Littelfuse by 8.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,844 shares of the technology company's stock worth $670,000 after purchasing an additional 211 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in Littelfuse by 1.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 23,707 shares of the technology company's stock worth $5,587,000 after purchasing an additional 271 shares during the last quarter. Finally, D.B. Root & Company LLC increased its holdings in Littelfuse by 9.2% during the 4th quarter. D.B. Root & Company LLC now owns 4,439 shares of the technology company's stock worth $1,046,000 after purchasing an additional 375 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Deepak Nayar sold 1,477 shares of the company's 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 of the company's stock, valued at $1,180,062.50. This represents a 19.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LFUS has been the subject of a number of research analyst reports. Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Wednesday, April 30th. Oppenheimer lowered their price objective on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Wall Street Zen downgraded Littelfuse from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Robert W. Baird upped their price objective on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $252.25.

Littelfuse Stock Performance

LFUS stock traded down $2.38 during trading on Thursday, reaching $207.60. 30,818 shares of the company's stock were exchanged, compared to its average volume of 158,748. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year high of $275.58. The company's fifty day moving average price is $187.13 and its 200-day moving average price is $220.91. The firm has a market cap of $5.13 billion, a PE ratio of 46.07, a P/E/G ratio of 2.24 and a beta of 1.38.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.37. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The company had revenue of $554.31 million during the quarter, compared to analyst estimates of $537.60 million. During the same quarter in the previous year, the firm posted $1.76 EPS. The firm'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 fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, May 22nd. Littelfuse's dividend payout ratio is 64.81%.

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.