SG Americas Securities LLC increased its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 5,010.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,010 shares of the technology company’s stock after buying an additional 25,501 shares during the quarter. SG Americas Securities LLC owned about 0.10% of Littelfuse worth $6,578,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Littelfuse in the second quarter valued at approximately $114,721,000. AQR Capital Management LLC increased its stake in Littelfuse by 876.1% during the second quarter. AQR Capital Management LLC now owns 195,927 shares of the technology company’s stock worth $44,240,000 after acquiring an additional 175,854 shares during the last quarter. Ameriprise Financial Inc. raised its position in Littelfuse by 105.6% in the third quarter. Ameriprise Financial Inc. now owns 291,203 shares of the technology company’s stock valued at $75,425,000 after purchasing an additional 149,570 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Littelfuse by 32.1% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 612,016 shares of the technology company’s stock valued at $158,518,000 after purchasing an additional 148,586 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Littelfuse by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,925,048 shares of the technology company’s stock valued at $757,617,000 after purchasing an additional 122,392 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.
Littelfuse Price Performance
LFUS opened at $339.35 on Wednesday. The stock’s 50-day moving average price is $336.15 and its 200 day moving average price is $286.32. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $380.00. The company has a current ratio of 2.69, a quick ratio of 1.91 and a debt-to-equity ratio of 0.29. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of -117.02, a PEG ratio of 2.06 and a beta of 1.40.
Littelfuse Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, February 19th. Littelfuse’s dividend payout ratio is presently -103.45%.
Insider Activity
In other news, SVP Maggie Chu sold 2,061 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $326.71, for a total transaction of $673,349.31. Following the sale, the senior vice president owned 6,719 shares of the company’s stock, valued at approximately $2,195,164.49. This represents a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kristina A. Cerniglia sold 2,343 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $368.38, for a total value of $863,114.34. Following the completion of the sale, the director owned 4,255 shares in the company, valued at approximately $1,567,456.90. The trade was a 35.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,012 shares of company stock worth $16,227,764 over the last 90 days. Company insiders own 1.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on LFUS. Wall Street Zen downgraded Littelfuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings raised shares of Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. UBS Group set a $360.00 target price on shares of Littelfuse in a research note on Thursday, January 29th. Oppenheimer set a $380.00 price target on shares of Littelfuse in a research note on Thursday, January 29th. Finally, Williams Trading set a $360.00 price objective on shares of Littelfuse in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Littelfuse has an average rating of “Moderate Buy” and an average price target of $364.00.
View Our Latest Report on LFUS
Littelfuse Profile
Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse’s offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.
The company’s product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.
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