Savant Capital LLC lowered its holdings in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 33.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,489 shares of the technology company’s stock after selling 1,732 shares during the period. Savant Capital LLC’s holdings in Littelfuse were worth $882,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Key Capital Management INC acquired a new position in shares of Littelfuse in the 4th quarter worth approximately $25,000. V Square Quantitative Management LLC acquired a new position in shares of Littelfuse in the 4th quarter worth approximately $30,000. Hantz Financial Services Inc. grew its stake in shares of Littelfuse by 57.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 134 shares of the technology company’s stock worth $35,000 after purchasing an additional 49 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Littelfuse by 1,025.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 135 shares of the technology company’s stock worth $35,000 after purchasing an additional 123 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Littelfuse in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 96.14% of the company’s stock.
Littelfuse Stock Performance
LFUS stock opened at $487.90 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.82 and a current ratio of 2.61. The stock has a market cap of $12.34 billion, a P/E ratio of -288.70, a P/E/G ratio of 2.60 and a beta of 1.48. The firm has a 50 day simple moving average of $403.11 and a 200 day simple moving average of $333.10. Littelfuse, Inc. has a 52 week low of $203.26 and a 52 week high of $489.60.
Littelfuse Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, May 21st. Littelfuse’s dividend payout ratio (DPR) is currently -177.51%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on LFUS. Williams Trading set a $520.00 price objective on shares of Littelfuse in a research note on Thursday, May 7th. Weiss Ratings cut shares of Littelfuse from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 13th. Needham & Company LLC reiterated a “buy” rating and issued a $520.00 target price on shares of Littelfuse in a report on Monday, May 18th. Zacks Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. Finally, Oppenheimer raised their target price on shares of Littelfuse from $430.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $436.67.
Read Our Latest Stock Report on LFUS
Insider Activity at Littelfuse
In related news, SVP Maggie Chu sold 11,397 shares of the firm’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 completion of the sale, the senior vice president directly owned 6,001 shares in the company, valued at approximately $2,613,315.48. This trade represents a 65.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 12,494 shares of company stock worth $5,394,954 in the last ninety days. Company insiders own 1.00% of the company’s stock.
Littelfuse Company 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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