Jupiter Topco LLC purchased a new stake in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 207,653 shares of the technology company’s stock, valued at approximately $94,552,000.
Several other hedge funds also recently bought and sold shares of LFUS. Horizon Investments LLC purchased a new position in Littelfuse during the 4th quarter valued at about $617,000. HighTower Advisors LLC increased its holdings in Littelfuse by 554.6% during the 4th quarter. HighTower Advisors LLC now owns 23,744 shares of the technology company’s stock worth $6,005,000 after purchasing an additional 20,117 shares during the period. Summit Creek Advisors LLC raised its position in Littelfuse by 8.7% in the 4th quarter. Summit Creek Advisors LLC now owns 70,714 shares of the technology company’s stock valued at $17,885,000 after purchasing an additional 5,678 shares in the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new stake in Littelfuse in the fourth quarter valued at approximately $822,000. Finally, Vanguard Group Inc. lifted its position in shares of Littelfuse by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,969,874 shares of the technology company’s stock worth $751,141,000 after purchasing an additional 44,826 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.
Littelfuse Trading Up 3.3%
NASDAQ:LFUS opened at $418.72 on Thursday. Littelfuse, Inc. has a 52-week low of $233.36 and a 52-week high of $500.57. The company has a market capitalization of $10.64 billion, a PE ratio of -837.42, a price-to-earnings-growth ratio of 2.14 and a beta of 1.49. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $433.31 and a 200-day simple moving average of $407.01.
Littelfuse Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $3.20 annualized dividend and a dividend yield of 0.8%. This is an increase from Littelfuse’s previous quarterly dividend of $0.75. Littelfuse’s dividend payout ratio is -640.00%.
Insider Buying and Selling
In other Littelfuse news, Director Anthony Grillo sold 3,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director directly owned 64,928 shares in the company, valued at approximately $29,344,858.88. The trade was a 4.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $520.00 target price on shares of Littelfuse in a research note on Monday, May 18th. Williams Trading set a $520.00 price target on Littelfuse in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Robert W. Baird boosted their price objective 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. Finally, Oppenheimer boosted their target price on Littelfuse from $430.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Littelfuse has an average rating of “Moderate Buy” and a consensus price target of $465.83.
Get Our Latest Research Report on LFUS
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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