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

Prudential Financial Inc. lessened its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,435 shares of the technology company’s stock after selling 1,709 shares during the period. Prudential Financial Inc.’s holdings in Littelfuse were worth $2,813,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Littelfuse by 2.4% during the third quarter. Vanguard Group Inc. now owns 2,167,434 shares of the technology company’s stock valued at $428,914,000 after purchasing an additional 51,769 shares during the last quarter. Vanguard Group Inc increased its stake in Littelfuse by 2.4% during the third quarter. Vanguard Group Inc now owns 2,167,434 shares of the technology company’s stock valued at $428,914,000 after purchasing an additional 51,769 shares during the last quarter. BlackRock Inc. increased its stake in Littelfuse by 1.4% during the third quarter. BlackRock Inc. now owns 2,155,821 shares of the technology company’s stock valued at $426,616,000 after purchasing an additional 29,026 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Littelfuse by 2.6% during the third quarter. Neuberger Berman Group LLC now owns 1,307,578 shares of the technology company’s stock valued at $258,757,000 after purchasing an additional 33,590 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Littelfuse by 115.0% during the third quarter. Alliancebernstein L.P. now owns 498,999 shares of the technology company’s stock valued at $98,747,000 after purchasing an additional 266,946 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.

Several research firms have weighed in on LFUS. CIBC upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 target price for the company in a research note on Tuesday, January 8th. Zacks Investment Research upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. BidaskClub lowered shares of Littelfuse from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Longbow Research upgraded shares of Littelfuse from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Thursday, January 31st. Finally, Barrington Research reiterated a “hold” rating on shares of Littelfuse in a research note on Tuesday, January 29th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $227.00.

Littelfuse stock opened at $191.14 on Friday. The stock has a market cap of $4.72 billion, a PE ratio of 20.25, a PEG ratio of 1.68 and a beta of 0.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.50 and a quick ratio of 2.62. Littelfuse, Inc. has a one year low of $155.15 and a one year high of $238.10.

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

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

In other news, SVP Ian Highley sold 1,000 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $195.98, for a total transaction of $195,980.00. Following the completion of the transaction, the senior vice president now owns 3,701 shares in the company, valued at $725,321.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William P. Noglows sold 578 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $182.50, for a total transaction of $105,485.00. Following the transaction, the director now owns 22,608 shares of the company’s stock, valued at approximately $4,125,960. The disclosure for this sale can be found here. Insiders have sold 3,048 shares of company stock valued at $585,025 in the last 90 days. Insiders own 3.80% of the company’s stock.

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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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