Two Sigma Securities LLC acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,651 shares of the technology company’s stock, valued at approximately $752,000.
A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Littelfuse in the 2nd quarter valued at $1,148,821,000. Wellington Management Group LLP purchased a new position in shares of Littelfuse during the 4th quarter worth $114,166,000. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Littelfuse by 67.3% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,024,176 shares of the technology company’s stock worth $259,035,000 after acquiring an additional 412,160 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Littelfuse during the 2nd quarter valued at about $146,471,000. Finally, Norges Bank purchased a new stake in shares of Littelfuse in the fourth quarter valued at about $73,575,000. Institutional investors and hedge funds own 96.14% of the company’s stock.
Littelfuse Price Performance
LFUS stock opened at $408.91 on Wednesday. The business’s fifty day moving average price is $427.95 and its 200 day moving average price is $408.72. Littelfuse, Inc. has a 12-month low of $233.36 and a 12-month high of $500.57. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $10.39 billion, a PE ratio of -817.80, a P/E/G ratio of 2.18 and a beta of 1.48.
Littelfuse Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, August 20th. This is an increase from Littelfuse’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.8%. Littelfuse’s payout ratio is presently -640.00%.
Insider Activity at Littelfuse
In related news, Director Anthony Grillo sold 3,000 shares of the 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 transaction, the director owned 64,928 shares of the company’s stock, valued at $29,344,858.88. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Robert W. Baird increased their price target 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. Williams Trading set a $520.00 price target on shares of Littelfuse in a report on Thursday, May 7th. Oppenheimer lifted their price target on shares of Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Zacks Research cut Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $465.83.
View Our Latest Report on LFUS
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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