Neuberger Berman Group LLC cut its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 919,817 shares of the technology company’s stock after selling 149,110 shares during the period. Neuberger Berman Group LLC owned approximately 3.69% of Littelfuse worth $238,242,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in Littelfuse by 1,666.7% in the 3rd quarter. Blue Trust Inc. now owns 106 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Huntington National Bank increased its holdings in Littelfuse by 264.7% during the 2nd quarter. Huntington National Bank now owns 124 shares of the technology company’s stock worth $28,000 after purchasing an additional 90 shares in the last quarter. Traub Capital Management LLC bought a new stake in Littelfuse during the 2nd quarter worth approximately $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Littelfuse in the third quarter worth approximately $31,000. Finally, Steph & Co. purchased a new stake in shares of Littelfuse in the third quarter worth approximately $32,000. Institutional investors and hedge funds own 96.14% of the company’s stock.
Littelfuse Price Performance
Shares of NASDAQ LFUS opened at $302.28 on Friday. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $380.00. The stock’s 50 day moving average price is $316.88 and its 200-day moving average price is $277.55. The company has a market capitalization of $7.59 billion, a PE ratio of -104.23, a PEG ratio of 2.08 and a beta of 1.41. The company has a quick ratio of 1.91, a current ratio of 2.69 and a debt-to-equity ratio of 0.29.
Littelfuse Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, February 19th. Littelfuse’s dividend payout ratio is -103.45%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Benchmark raised Littelfuse from a “hold” rating to a “buy” rating and set a $360.00 target price on the stock in a research report on Thursday, January 29th. Zacks Research raised Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Weiss Ratings cut Littelfuse from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Robert W. Baird set a $360.00 price objective on shares of Littelfuse in a report on Thursday, January 29th. Finally, Wall Street Zen lowered shares of Littelfuse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $364.00.
Check Out Our Latest Research Report on LFUS
Insider Activity
In other news, Director Kristina A. Cerniglia sold 2,343 shares of Littelfuse stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $368.38, for a total transaction of $863,114.34. Following the sale, the director directly owned 4,255 shares in the company, valued at $1,567,456.90. The trade was a 35.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jeffrey G. Gorski sold 2,500 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $346.89, for a total transaction of $867,225.00. Following the completion of the transaction, the chief accounting officer directly owned 6,433 shares in the company, valued at $2,231,543.37. This trade represents a 27.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 53,223 shares of company stock worth $17,361,121. 2.50% of the stock is owned by insiders.
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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