Littelfuse, Inc. (LFUS) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,435 shares of the technology company’s stock after selling 1,709 shares during the period. Prudential Financial Inc. owned 0.07% of Littelfuse worth $2,813,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in shares of Littelfuse by 8.4% during the third quarter. Janney Montgomery Scott LLC now owns 3,612 shares of the technology company’s stock worth $715,000 after buying an additional 281 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Littelfuse by 36.6% during the third quarter. MML Investors Services LLC now owns 3,560 shares of the technology company’s stock worth $704,000 after buying an additional 953 shares in the last quarter. Swiss National Bank boosted its position in shares of Littelfuse by 1.2% in the third quarter. Swiss National Bank now owns 43,548 shares of the technology company’s stock worth $8,618,000 after acquiring an additional 500 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its position in shares of Littelfuse by 72,450.0% in the third quarter. Piedmont Investment Advisors Inc. now owns 1,451 shares of the technology company’s stock worth $287,000 after acquiring an additional 1,449 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Littelfuse by 115.0% in the third quarter. Alliancebernstein L.P. now owns 498,999 shares of the technology company’s stock worth $98,747,000 after acquiring an additional 266,946 shares during the last quarter. Institutional investors own 96.00% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Littelfuse from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. BidaskClub raised shares of Littelfuse from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 target price on the stock in a research report on Tuesday, January 8th. CIBC raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 target price on the stock in a research report on Tuesday, January 8th. Finally, Longbow Research raised shares of Littelfuse from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Thursday, January 31st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Littelfuse has an average rating of “Buy” and a consensus target price of $227.00.

LFUS opened at $191.14 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.62 and a current ratio of 3.50. Littelfuse, Inc. has a 1 year low of $155.15 and a 1 year high of $238.10. The company has a market capitalization of $4.72 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.68 and a beta of 0.93.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, January 30th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by ($0.13). Littelfuse had a return on equity of 16.12% and a net margin of 9.58%. The company had revenue of $402.30 million during the quarter, compared to analyst estimates of $413.77 million. During the same period in the prior year, the business posted $1.81 earnings per share. Littelfuse’s revenue was up 31.9% on a year-over-year basis. As a group, equities research analysts anticipate that Littelfuse, Inc. will post 9.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 21st were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, February 20th. This represents a $1.72 dividend on an annualized basis and a yield of 0.90%. Littelfuse’s dividend payout ratio (DPR) is 18.22%.

In other Littelfuse news, SVP Ian Highley sold 1,000 shares of Littelfuse stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $195.98, for a total transaction of $195,980.00. Following the transaction, the senior vice president now directly owns 3,701 shares of the company’s stock, valued at $725,321.98. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Matthew Cole sold 170 shares of Littelfuse stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $183.40, for a total transaction of $31,178.00. Following the transaction, the senior vice president now directly owns 3,993 shares in the company, valued at $732,316.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,048 shares of company stock worth $585,025. 3.80% of the stock is currently owned by corporate insiders.

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About Littelfuse

Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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