Commerce Bank acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,208 shares of the technology company’s stock, valued at approximately $8,291,000.
Other institutional investors also recently bought and sold shares of the company. Atlas Capital Advisors Inc. bought a new position in shares of Littelfuse in the 4th quarter valued at approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Littelfuse in the second quarter worth about $51,000. Quarry LP bought a new position in shares of Littelfuse in the third quarter worth about $36,000. Prosperity Bancshares Inc acquired a new position in shares of Littelfuse during the 4th quarter worth about $36,000. Finally, IFP Advisors Inc boosted its stake in Littelfuse by 292.1% during the 4th quarter. IFP Advisors Inc now owns 149 shares of the technology company’s stock valued at $38,000 after purchasing an additional 111 shares during the period. 96.14% of the stock is currently owned by institutional investors.
Littelfuse Stock Performance
Littelfuse stock opened at $412.26 on Monday. The business has a 50 day moving average price of $437.01 and a two-hundred day moving average price of $405.38. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.20. Littelfuse, Inc. has a 12 month low of $233.36 and a 12 month high of $500.57. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of -824.50, a price-to-earnings-growth ratio of 2.18 and a beta of 1.49.
Littelfuse Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.80 dividend. The ex-dividend date is Thursday, August 20th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.75. Littelfuse’s dividend payout ratio is currently -640.00%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on LFUS. Williams Trading set a $520.00 target price on Littelfuse in a report on Thursday, May 7th. Weiss Ratings upgraded Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Zacks Research cut Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Oppenheimer raised their price objective on shares of Littelfuse from $430.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen raised shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $465.83.
Check Out Our Latest Analysis on Littelfuse
Insider Activity at Littelfuse
In other news, Director Anthony Grillo sold 3,000 shares of Littelfuse stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $451.96, for a total transaction of $1,355,880.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. 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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