Venturi Wealth Management LLC acquired a new position in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,030 shares of the technology company’s stock, valued at approximately $689,000.
Other large investors have also recently made changes to their positions in the company. Key Capital Management INC bought a new stake in Littelfuse during the 4th quarter valued at $25,000. Atlas Capital Advisors Inc. bought a new position in shares of Littelfuse in the fourth quarter worth $27,000. V Square Quantitative Management LLC bought a new stake in shares of Littelfuse during the 4th quarter valued at $30,000. Quarry LP bought a new stake in shares of Littelfuse during the 3rd quarter valued at $36,000. Finally, Prosperity Bancshares Inc purchased a new stake in Littelfuse during the 4th quarter worth about $36,000. 96.14% of the stock is owned by hedge funds and other institutional investors.
Littelfuse Trading Up 0.1%
NASDAQ LFUS opened at $452.67 on Monday. Littelfuse, Inc. has a 12 month low of $222.62 and a 12 month high of $500.57. The stock has a market cap of $11.45 billion, a P/E ratio of -267.85, a P/E/G ratio of 2.54 and a beta of 1.48. The stock’s fifty day moving average price is $447.74 and its 200-day moving average price is $362.67. The company has a current ratio of 2.61, a quick ratio of 1.82 and a debt-to-equity ratio of 0.21.
Littelfuse Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, May 21st. Littelfuse’s dividend payout ratio is currently -177.51%.
Analysts Set New Price Targets
Several research firms recently commented on LFUS. Wall Street Zen upgraded Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Oppenheimer lifted their price target on Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a research 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. Robert W. Baird upped their price objective on shares of Littelfuse from $500.00 to $535.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Finally, Weiss Ratings downgraded shares of Littelfuse from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $465.83.
View Our Latest Stock Report on LFUS
Insider Transactions at Littelfuse
In related news, Director Anthony Grillo sold 3,000 shares of Littelfuse stock in a transaction dated 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 completion of the transaction, the director owned 64,928 shares in the company, valued at approximately $29,344,858.88. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Maggie Chu sold 11,397 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $435.48, for a total transaction of $4,963,165.56. Following the transaction, the senior vice president directly owned 6,001 shares in the company, valued at approximately $2,613,315.48. This trade represents a 65.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 15,494 shares of company stock valued at $6,750,834. 1.00% of the stock is owned by insiders.
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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