Envestnet Asset Management Inc. Has $18.16 Million Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Envestnet Asset Management Inc. lifted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUSFree Report) by 368.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 310,104 shares of the technology company’s stock after buying an additional 243,843 shares during the period. Envestnet Asset Management Inc. owned about 1.25% of Littelfuse worth $18,164,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Point72 Hong Kong Ltd acquired a new stake in Littelfuse in the first quarter valued at $33,000. Parallel Advisors LLC increased its holdings in Littelfuse by 45.3% in the first quarter. Parallel Advisors LLC now owns 138 shares of the technology company’s stock valued at $37,000 after purchasing an additional 43 shares during the period. CoreCap Advisors LLC acquired a new stake in Littelfuse in the fourth quarter valued at $44,000. Northwestern Mutual Wealth Management Co. increased its holdings in Littelfuse by 33.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company’s stock valued at $44,000 after purchasing an additional 50 shares during the period. Finally, Covestor Ltd increased its holdings in Littelfuse by 91.0% in the first quarter. Covestor Ltd now owns 384 shares of the technology company’s stock valued at $96,000 after purchasing an additional 183 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $270.15, for a total value of $189,105.00. Following the transaction, the chief accounting officer now owns 2,713 shares of the company’s stock, valued at approximately $732,916.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on LFUS. StockNews.com began coverage on Littelfuse in a report on Thursday, August 17th. They issued a “hold” rating for the company. Robert W. Baird increased their price target on Littelfuse from $260.00 to $285.00 in a report on Thursday, May 11th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $259.00.

Check Out Our Latest Report on LFUS

Littelfuse Price Performance

LFUS stock opened at $267.55 on Friday. The stock has a market capitalization of $6.66 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.29. The company’s 50-day moving average is $279.65 and its 200-day moving average is $267.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.91 and a quick ratio of 1.84. Littelfuse, Inc. has a 1 year low of $192.19 and a 1 year high of $309.94.

Littelfuse (NASDAQ:LFUSGet Free Report) last released its quarterly earnings data on Tuesday, August 1st. The technology company reported $3.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.20). The company had revenue of $612.00 million for the quarter, compared to the consensus estimate of $618.83 million. Littelfuse had a return on equity of 16.06% and a net margin of 13.14%. Equities research analysts expect that Littelfuse, Inc. will post 12.63 EPS for the current fiscal year.

Littelfuse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 24th will be given a $0.65 dividend. This is a boost from Littelfuse’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, August 23rd. This represents a $2.60 annualized dividend and a yield of 0.97%. Littelfuse’s dividend payout ratio (DPR) is presently 19.86%.

Littelfuse Profile

(Free Report)

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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