Rep. Jefferson Shreve Sells Off Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Littelfuse, Inc. NASDAQ: LFUS. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Littelfuse stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Littelfuse Price Performance

Shares of Littelfuse stock traded up $2.03 during trading on Friday, hitting $230.34. 252,045 shares of the company were exchanged, compared to its average volume of 137,076. Littelfuse, Inc. has a fifty-two week low of $142.10 and a fifty-two week high of $275.56. The company has a quick ratio of 2.75, a current ratio of 3.88 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average price of $223.04 and a 200 day moving average price of $213.97. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 53.32, a P/E/G ratio of 2.09 and a beta of 1.39.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $537.60 million. During the same quarter last year, the business posted $1.76 earnings per share. Littelfuse's revenue was up 3.5% compared to the same quarter last year. On average, equities analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Littelfuse

A number of large investors have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. raised its position in shares of 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 period. Arizona State Retirement System increased its stake in Littelfuse by 0.7% during the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock worth $1,694,000 after acquiring an additional 51 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Littelfuse by 1.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,142 shares of the technology company's stock worth $1,208,000 after purchasing an additional 69 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of Littelfuse by 0.7% in the 4th quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock worth $2,529,000 after purchasing an additional 70 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Littelfuse by 30.5% in the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock valued at $64,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LFUS. Oppenheimer cut their target price on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Robert W. Baird boosted their price objective on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Wednesday, May 28th. Wall Street Zen raised Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Finally, Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $252.25.

Insider Activity

In related news, SVP Deepak Nayar sold 1,477 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were 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 in the company, valued at approximately $1,180,062.50. This trade represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.