Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 43.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,962 shares of the technology company’s stock after selling 83,795 shares during the quarter. Jennison Associates LLC owned about 0.44% of Littelfuse worth $29,421,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Raymond James Trust N.A. grew its holdings in shares of Littelfuse by 4.1% in the fourth quarter. Raymond James Trust N.A. now owns 1,156 shares of the technology company’s stock valued at $309,000 after purchasing an additional 45 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC lifted its stake in Littelfuse by 0.8% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 5,528 shares of the technology company’s stock worth $1,367,000 after acquiring an additional 46 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Littelfuse by 1.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,408 shares of the technology company’s stock worth $843,000 after acquiring an additional 52 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Littelfuse by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 10,971 shares of the technology company’s stock worth $2,713,000 after acquiring an additional 60 shares during the last quarter. Finally, D.B. Root & Company LLC lifted its stake in Littelfuse by 1.6% in the fourth quarter. D.B. Root & Company LLC now owns 3,732 shares of the technology company’s stock worth $999,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

LFUS has been the subject of a number of recent research reports. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Jefferies Financial Group initiated coverage on shares of Littelfuse in a research report on Tuesday, April 9th. They set a “hold” rating and a $260.00 price objective for the company.

Littelfuse Stock Performance

Shares of LFUS opened at $233.60 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.49 and a current ratio of 3.75. The stock has a market capitalization of $5.82 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.04 and a beta of 1.34. The company’s fifty day moving average is $236.14 and its two-hundred day moving average is $239.45. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $309.94.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.02. Littelfuse had a net margin of 10.98% and a return on equity of 12.35%. The business had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $535.76 million. During the same period in the prior year, the company posted $3.34 EPS. The business’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, sell-side analysts predict that Littelfuse, Inc. will post 9.44 earnings per share for the current year.

Insider Activity at Littelfuse

In related news, SVP Matthew Cole sold 916 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $248.18, for a total value of $227,332.88. Following the sale, the senior vice president now directly owns 5,530 shares of the company’s stock, valued at approximately $1,372,435.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $243.62, for a total value of $470,673.84. Following the transaction, the executive vice president now directly owns 24,155 shares in the company, valued at approximately $5,884,641.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Matthew Cole sold 916 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $248.18, for a total transaction of $227,332.88. Following the completion of the transaction, the senior vice president now owns 5,530 shares in the company, valued at $1,372,435.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,370 shares of company stock valued at $1,064,413. Insiders own 2.30% of the company’s stock.

Littelfuse 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.