Victory Capital Management Inc. Has $112.75 Million Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Victory Capital Management Inc. lifted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 421,392 shares of the technology company's stock after purchasing an additional 19,435 shares during the period. Victory Capital Management Inc. owned about 1.69% of Littelfuse worth $112,748,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LFUS. VisionPoint Advisory Group LLC acquired a new stake in shares of Littelfuse during the third quarter valued at about $27,000. Assetmark Inc. raised its position in shares of Littelfuse by 27.9% in the 3rd quarter. Assetmark Inc. now owns 367 shares of the technology company's stock valued at $91,000 after purchasing an additional 80 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of Littelfuse during the 4th quarter valued at approximately $208,000. OLD National Bancorp IN grew its position in shares of Littelfuse by 9.7% during the third quarter. OLD National Bancorp IN now owns 862 shares of the technology company's stock worth $213,000 after buying an additional 76 shares in the last quarter. Finally, Vest Financial LLC acquired a new stake in shares of Littelfuse during the 4th quarter worth approximately $245,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com lowered Littelfuse from a "buy" rating to a "hold" rating in a research report on Saturday, March 30th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Thursday. Finally, Jefferies Financial Group initiated coverage on shares of Littelfuse in a report on Tuesday, April 9th. They issued a "hold" rating and a $260.00 price target for the company.

Littelfuse Trading Up 3.6 %

Shares of LFUS traded up $8.57 during midday trading on Friday, hitting $247.40. The stock had a trading volume of 219,599 shares, compared to its average volume of 147,759. The business has a 50-day simple moving average of $234.76 and a two-hundred day simple moving average of $239.25. The firm has a market cap of $6.17 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 2.06 and a beta of 1.32. The company has a current ratio of 3.57, a quick ratio of 2.49 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a fifty-two week low of $212.80 and a fifty-two week high of $309.94.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The firm had revenue of $535.39 million during the quarter, compared to analyst estimates of $519.08 million. During the same quarter last year, the business posted $3.64 EPS. The company's revenue was down 12.2% on a year-over-year basis. As a group, equities analysts forecast that Littelfuse, Inc. will post 9.44 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, May 22nd. Littelfuse's payout ratio is 29.78%.

Insider Buying and Selling

In other Littelfuse news, SVP Matthew Cole sold 916 shares of Littelfuse stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $248.18, for a total transaction of $227,332.88. Following the transaction, the senior vice president now owns 5,530 shares of the company's stock, valued at approximately $1,372,435.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of the business's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $243.62, for a total value of $470,673.84. Following the transaction, the executive vice president now owns 24,155 shares in the company, valued at $5,884,641.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew Cole sold 916 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $248.18, for a total value of $227,332.88. Following the sale, the senior vice president now directly owns 5,530 shares of the company's stock, valued at $1,372,435.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,370 shares of company stock valued at $1,064,413. Corporate insiders own 2.30% of the company's stock.

Littelfuse Company 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.