Louisiana State Employees Retirement System bought a new stake in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,200 shares of the technology company’s stock, valued at approximately $2,443,000.
Several other large investors have also made changes to their positions in LFUS. Royal Bank of Canada increased its holdings in shares of Littelfuse by 3.6% during the first quarter. Royal Bank of Canada now owns 32,206 shares of the technology company’s stock worth $6,337,000 after buying an additional 1,107 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Littelfuse by 42.0% in the first quarter. Advisors Asset Management Inc. now owns 311 shares of the technology company’s stock valued at $61,000 after acquiring an additional 92 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Littelfuse by 93.6% in the 1st quarter. AQR Capital Management LLC now owns 20,073 shares of the technology company’s stock worth $3,892,000 after acquiring an additional 9,706 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Littelfuse by 104.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the technology company’s stock worth $66,000 after acquiring an additional 170 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Littelfuse by 652.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the technology company’s stock worth $119,000 after acquiring an additional 457 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.
Littelfuse Stock Performance
Shares of Littelfuse stock opened at $449.02 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.61 and a quick ratio of 1.82. The firm has a 50 day simple moving average of $448.99 and a 200 day simple moving average of $364.02. Littelfuse, Inc. has a fifty-two week low of $222.62 and a fifty-two week high of $500.57. The firm has a market cap of $11.36 billion, a P/E ratio of -265.69, a P/E/G ratio of 2.54 and a beta of 1.48.
Littelfuse Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 21st. Littelfuse’s dividend payout ratio is -177.51%.
Analysts Set New Price Targets
LFUS has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $520.00 price target on shares of Littelfuse in a report on Monday, May 18th. Williams Trading set a $520.00 target price on Littelfuse in a report on Thursday, May 7th. Wall Street Zen upgraded Littelfuse from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Zacks Research upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Finally, Robert W. Baird lifted their price target on Littelfuse from $500.00 to $535.00 and gave the company an “outperform” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $465.83.
Read Our Latest Research Report on LFUS
Insider Buying and Selling at Littelfuse
In related news, Director Anthony Grillo sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $451.96, for a total value of $1,355,880.00. Following the transaction, the director owned 64,928 shares in the company, valued at $29,344,858.88. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maggie Chu sold 11,397 shares of Littelfuse stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $435.48, for a total value of $4,963,165.56. Following the completion of the sale, the senior vice president owned 6,001 shares of the company’s stock, valued at approximately $2,613,315.48. The trade was a 65.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,494 shares of company stock worth $6,750,834 in the last ninety days. 1.00% of the stock is currently owned by insiders.
About Littelfuse
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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