Prudential Financial Inc. Cuts Position in Littelfuse, Inc. (NASDAQ:LFUS)

Prudential Financial Inc. decreased its position in Littelfuse, Inc. (NASDAQ:LFUS) by 30.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,035 shares of the technology company’s stock after selling 1,783 shares during the quarter. Prudential Financial Inc.’s holdings in Littelfuse were worth $1,029,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bbva USA purchased a new stake in shares of Littelfuse during the second quarter worth $28,000. Schroder Investment Management Group increased its position in shares of Littelfuse by 53.8% during the first quarter. Schroder Investment Management Group now owns 123 shares of the technology company’s stock worth $33,000 after acquiring an additional 43 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of Littelfuse during the second quarter worth $35,000. Lazard Asset Management LLC increased its position in shares of Littelfuse by 50.0% during the second quarter. Lazard Asset Management LLC now owns 162 shares of the technology company’s stock worth $41,000 after acquiring an additional 54 shares during the period. Finally, Berman Capital Advisors LLC increased its position in shares of Littelfuse by 46.6% during the second quarter. Berman Capital Advisors LLC now owns 192 shares of the technology company’s stock worth $48,000 after acquiring an additional 61 shares during the period. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Separately, Robert W. Baird reaffirmed a “buy” rating and set a $315.00 price objective on shares of Littelfuse in a research report on Wednesday, September 15th.

In other Littelfuse news, Director Nathan Zommer sold 2,500 shares of the stock in a transaction dated Wednesday, September 1st. The shares were sold at an average price of $282.44, for a total value of $706,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ryan K. Stafford sold 1,601 shares of the stock in a transaction dated Wednesday, November 17th. The shares were sold at an average price of $329.00, for a total transaction of $526,729.00. The disclosure for this sale can be found here. Insiders have sold 44,137 shares of company stock valued at $13,553,717 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

NASDAQ LFUS opened at $314.91 on Thursday. The stock has a market capitalization of $7.76 billion, a P/E ratio of 26.92, a P/E/G ratio of 2.11 and a beta of 1.20. Littelfuse, Inc. has a 52-week low of $232.15 and a 52-week high of $334.84. The firm has a 50-day moving average price of $294.85 and a 200 day moving average price of $272.66. The company has a quick ratio of 2.56, a current ratio of 3.41 and a debt-to-equity ratio of 0.34.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, October 26th. The technology company reported $3.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.80. The firm had revenue of $539.60 million during the quarter, compared to analysts’ expectations of $518.81 million. Littelfuse had a net margin of 15.09% and a return on equity of 17.85%. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.16 earnings per share. On average, equities research analysts expect that Littelfuse, Inc. will post 12.67 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 2nd. Investors of record on Thursday, November 18th will be issued a dividend of $0.53 per share. The ex-dividend date is Wednesday, November 17th. This represents a $2.12 annualized dividend and a yield of 0.67%. Littelfuse’s dividend payout ratio is currently 18.12%.

About Littelfuse

Littelfuse, Inc engages in the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Automotive, and Industrial. The Electronics segment includes the broadest and deepest portfolio of overvoltage and overcurrent solutions.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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