First National Bank of Omaha increased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 61,213 shares of the technology company’s stock after purchasing an additional 2,274 shares during the quarter. First National Bank of Omaha’s holdings in Littelfuse were worth $15,482,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Littelfuse by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 2,969,874 shares of the technology company’s stock valued at $751,141,000 after acquiring an additional 44,826 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Littelfuse by 67.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,024,176 shares of the technology company’s stock valued at $259,035,000 after acquiring an additional 412,160 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its stake in Littelfuse by 3.9% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 980,498 shares of the technology company’s stock valued at $247,988,000 after acquiring an additional 37,203 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Littelfuse by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 516,479 shares of the technology company’s stock valued at $130,635,000 after acquiring an additional 25,860 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Littelfuse by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 476,990 shares of the technology company’s stock valued at $120,668,000 after acquiring an additional 7,587 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
Littelfuse Stock Performance
Shares of LFUS stock opened at $472.14 on Friday. The stock has a market capitalization of $11.94 billion, a P/E ratio of -279.37, a PEG ratio of 2.60 and a beta of 1.48. The company has a current ratio of 2.61, a quick ratio of 1.82 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $426.58 and its 200 day moving average is $346.77. Littelfuse, Inc. has a 12 month low of $215.16 and a 12 month high of $500.57.
Littelfuse Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, May 21st. Littelfuse’s dividend payout ratio is presently -177.51%.
Analyst Upgrades and Downgrades
LFUS has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $520.00 target price on shares of Littelfuse in a research note on Monday, May 18th. Zacks Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Robert W. Baird boosted their target price on shares of Littelfuse from $500.00 to $535.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Weiss Ratings cut shares of Littelfuse from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 13th. Finally, Wall Street Zen upgraded shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $465.83.
Read Our Latest Stock Report on LFUS
Insider Buying and Selling
In related news, SVP Maggie Chu sold 11,397 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $435.48, for a total transaction of $4,963,165.56. Following the sale, the senior vice president directly owned 6,001 shares in the company, valued at approximately $2,613,315.48. This represents a 65.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Anthony Grillo sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $451.96, for a total transaction of $1,355,880.00. Following the sale, the director owned 64,928 shares in the company, valued at $29,344,858.88. The trade was a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,494 shares of company stock worth $6,750,834 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.
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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