GHP Investment Advisors Inc. Has $7.40 Million Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

GHP Investment Advisors Inc. decreased its position in Littelfuse, Inc. (NASDAQ:LFUS) by 1.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,602 shares of the technology company’s stock after selling 730 shares during the period. GHP Investment Advisors Inc. owned approximately 0.15% of Littelfuse worth $7,398,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its stake in Littelfuse by 1.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,142 shares of the technology company’s stock valued at $1,208,000 after acquiring an additional 69 shares during the period. Global X Japan Co. Ltd. lifted its holdings in shares of Littelfuse by 33.5% during the 1st quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company’s stock valued at $68,000 after purchasing an additional 87 shares in the last quarter. Everhart Financial Group Inc. lifted its holdings in shares of Littelfuse by 11.9% during the 1st quarter. Everhart Financial Group Inc. now owns 1,068 shares of the technology company’s stock valued at $210,000 after purchasing an additional 114 shares in the last quarter. Fifth Third Bancorp grew its position 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 during the period. Finally, GAMMA Investing LLC increased its stake in Littelfuse by 206.4% during the 1st quarter. GAMMA Investing LLC now owns 576 shares of the technology company’s stock worth $113,000 after purchasing an additional 388 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Insider Activity at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $197.50, for a total value of $291,707.50. Following the sale, the senior vice president now directly owns 5,975 shares of the company’s stock, valued at approximately $1,180,062.50. This represents a 19.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on LFUS shares. Robert W. Baird lifted their price target on shares of Littelfuse from $182.00 to $194.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Baird R W lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, May 28th. Wall Street Zen cut Littelfuse from a “buy” rating to a “hold” rating in a report on Friday, June 6th. Finally, Oppenheimer cut their price target on Littelfuse from $310.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $252.25.

Littelfuse Stock Performance

Shares of LFUS opened at $223.44 on Tuesday. The company has a current ratio of 3.88, a quick ratio of 2.75 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.58. The firm has a fifty day simple moving average of $200.60 and a 200 day simple moving average of $215.31. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 51.72, a PEG ratio of 1.99 and a beta of 1.38.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.37. The company had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a net margin of 4.89% and a return on equity of 9.00%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 EPS. Research analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, May 22nd. Littelfuse’s payout ratio is presently 64.81%.

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.