Hillsdale Investment Management Inc. increased its position in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 39.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,600 shares of the technology company’s stock after buying an additional 4,700 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Littelfuse were worth $4,198,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of LFUS. AQR Capital Management LLC boosted its holdings in Littelfuse by 876.1% in the 2nd quarter. AQR Capital Management LLC now owns 195,927 shares of the technology company’s stock worth $44,240,000 after buying an additional 175,854 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Littelfuse by 105.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 291,203 shares of the technology company’s stock valued at $75,425,000 after purchasing an additional 149,570 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Littelfuse by 32.1% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 612,016 shares of the technology company’s stock valued at $158,518,000 after purchasing an additional 148,586 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Littelfuse by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,925,048 shares of the technology company’s stock valued at $757,617,000 after purchasing an additional 122,392 shares during the last quarter. Finally, Perpetual Ltd boosted its holdings in shares of Littelfuse by 11,392.0% during the 4th quarter. Perpetual Ltd now owns 89,408 shares of the technology company’s stock valued at $22,613,000 after purchasing an additional 88,630 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.
Littelfuse Price Performance
Shares of NASDAQ LFUS opened at $466.87 on Monday. The firm’s 50-day moving average price is $400.49 and its 200-day moving average price is $331.54. The company has a current ratio of 2.61, a quick ratio of 1.82 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of -276.25, a P/E/G ratio of 2.62 and a beta of 1.48. Littelfuse, Inc. has a 12-month low of $201.19 and a 12-month high of $483.95.
Littelfuse Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, May 21st. Littelfuse’s dividend payout ratio is -177.51%.
Insiders Place Their Bets
In related news, SVP Maggie Chu sold 11,397 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $435.48, for a total value of $4,963,165.56. Following the sale, the senior vice president directly owned 6,001 shares of the company’s stock, valued at $2,613,315.48. This represents a 65.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 12,494 shares of company stock valued at $5,394,954. Corporate insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on LFUS shares. Wall Street Zen raised shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Williams Trading set a $520.00 price objective on shares of Littelfuse in a report on Thursday, May 7th. Needham & Company LLC reissued a “buy” rating and set a $520.00 price objective on shares of Littelfuse in a report on Monday, May 18th. Zacks Research raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. Finally, Oppenheimer increased their price objective on shares of Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $436.67.
Read Our Latest Stock Analysis 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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