Ceredex Value Advisors LLC lowered its stake in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 10.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,550 shares of the technology company’s stock after selling 5,475 shares during the period. Ceredex Value Advisors LLC owned approximately 0.19% of Littelfuse worth $12,057,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. increased its stake 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 buying an additional 100 shares during the period. Traub Capital Management LLC purchased a new position in Littelfuse during the 2nd quarter worth $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Littelfuse in the 3rd quarter worth $31,000. Steph & Co. purchased a new stake in shares of Littelfuse in the third quarter valued at about $32,000. Finally, Evelyn Partners Investment Management Services Ltd acquired a new position in shares of Littelfuse during the second quarter worth about $33,000. 96.14% of the stock is owned by institutional investors and hedge funds.
Littelfuse Price Performance
LFUS stock opened at $323.79 on Wednesday. The stock’s 50 day moving average price is $319.20 and its 200 day moving average price is $278.75. The firm has a market cap of $8.13 billion, a P/E ratio of -111.65, a PEG ratio of 1.97 and a beta of 1.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.91 and a current ratio of 2.69. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $380.00.
Littelfuse Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.00 annualized dividend and a yield of 0.9%. Littelfuse’s payout ratio is presently -103.45%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. UBS Group set a $360.00 price target on shares of Littelfuse in a report on Thursday, January 29th. Zacks Research cut Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Benchmark raised Littelfuse from a “hold” rating to a “buy” rating and set a $360.00 target price for the company in a research note on Thursday, January 29th. Williams Trading set a $360.00 price target on Littelfuse in a report on Thursday, January 29th. Finally, Oppenheimer set a $380.00 price target on Littelfuse in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $364.00.
View Our Latest Report on Littelfuse
Insider Buying and Selling
In other Littelfuse news, SVP Deepak Nayar sold 8,875 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $321.55, for a total transaction of $2,853,756.25. Following the sale, the senior vice president directly owned 6,009 shares of the company’s stock, valued at $1,932,193.95. This trade represents a 59.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony Grillo sold 5,000 shares of Littelfuse stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $346.24, for a total transaction of $1,731,200.00. Following the sale, the director owned 69,423 shares of the company’s stock, valued at approximately $24,037,019.52. This trade represents a 6.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,223 shares of company stock worth $17,361,121 in the last 90 days. 2.50% of the stock is currently owned by corporate insiders.
Littelfuse 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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