International Assets Investment Management LLC Purchases Shares of 29,586 Littelfuse, Inc. (NASDAQ:LFUS)

International Assets Investment Management LLC acquired a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 29,586 shares of the technology company's stock, valued at approximately $7,916,000. International Assets Investment Management LLC owned 0.12% of Littelfuse at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of Littelfuse by 223.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 85,733 shares of the technology company's stock valued at $21,203,000 after acquiring an additional 59,218 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Littelfuse by 62.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 144,473 shares of the technology company's stock valued at $35,731,000 after purchasing an additional 55,712 shares in the last quarter. Cambiar Investors LLC acquired a new position in shares of Littelfuse during the 3rd quarter valued at $10,383,000. Comerica Bank bought a new stake in shares of Littelfuse in the 3rd quarter worth $9,431,000. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of Littelfuse by 27.0% in the third quarter. Epoch Investment Partners Inc. now owns 155,950 shares of the technology company's stock valued at $38,570,000 after buying an additional 33,140 shares during the period. 96.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LFUS shares. StockNews.com lowered Littelfuse from a "buy" rating to a "hold" rating in a report on Saturday, March 30th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Thursday, May 2nd. Finally, Jefferies Financial Group started coverage on shares of Littelfuse in a report on Tuesday, April 9th. They set a "hold" rating and a $260.00 target price for the company.

Insider Buying and Selling at Littelfuse

In related news, EVP Ryan K. Stafford sold 1,932 shares of the 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 completion of the sale, the executive vice president now directly owns 24,155 shares of the company's stock, valued at approximately $5,884,641.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Littelfuse news, SVP Matthew Cole sold 916 shares of Littelfuse stock in a transaction on Monday, February 12th. The shares were sold at an average price of $248.18, for a total transaction of $227,332.88. Following the completion of the sale, the senior vice president now owns 5,530 shares of the company's stock, valued at approximately $1,372,435.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ryan K. Stafford sold 1,932 shares of the business's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $243.62, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 5,675 shares of company stock valued at $1,390,989 in the last three months. 2.30% of the stock is currently owned by company insiders.

Littelfuse Trading Up 1.9 %

Shares of Littelfuse stock traded up $4.85 on Tuesday, reaching $257.49. 227,767 shares of the company were exchanged, compared to its average volume of 149,583. The company has a current ratio of 3.57, a quick ratio of 2.44 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. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 2.40 and a beta of 1.32. The stock has a fifty day moving average price of $235.52 and a 200-day moving average price of $239.80.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.01. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The firm had revenue of $535.39 million for the quarter, compared to the consensus estimate of $519.08 million. The business's revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.64 EPS. On average, analysts expect that Littelfuse, Inc. will post 8.59 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders 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 1.01%. The ex-dividend date of this dividend is Wednesday, May 22nd. Littelfuse's payout ratio is 29.78%.

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.