First Trust Advisors LP grew its position in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 42.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,279 shares of the technology company’s stock after purchasing an additional 6,681 shares during the quarter. First Trust Advisors LP’s holdings in Littelfuse were worth $7,560,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Key Capital Management INC bought a new position in Littelfuse during the fourth quarter worth $25,000. Atlas Capital Advisors Inc. bought a new stake in Littelfuse during the fourth quarter valued at $27,000. V Square Quantitative Management LLC bought a new stake in Littelfuse during the fourth quarter valued at $30,000. Quarry LP acquired a new stake in Littelfuse during the 3rd quarter worth about $36,000. Finally, Prosperity Bancshares Inc acquired a new stake in Littelfuse during the 4th quarter worth about $36,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.
Littelfuse Trading Up 0.0%
LFUS opened at $442.13 on Friday. Littelfuse, Inc. has a 1-year low of $233.36 and a 1-year high of $500.57. The company has a current ratio of 2.76, a quick ratio of 1.82 and a debt-to-equity ratio of 0.20. The company has a market cap of $11.23 billion, a P/E ratio of -884.24, a price-to-earnings-growth ratio of 2.48 and a beta of 1.49. The company has a fifty day moving average price of $443.19 and a two-hundred day moving average price of $389.03.
Littelfuse Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a $0.80 dividend. The ex-dividend date is Thursday, August 20th. This is an increase from Littelfuse’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 0.7%. Littelfuse’s dividend payout ratio is currently -600.00%.
Insider Buying and Selling
In other news, Director Anthony Grillo sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $451.96, for a total transaction of $1,355,880.00. Following the transaction, the director directly owned 64,928 shares of the company’s stock, valued at $29,344,858.88. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Maggie Chu sold 11,397 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $435.48, for a total value of $4,963,165.56. Following the completion of the transaction, the senior vice president owned 6,001 shares in the company, valued at approximately $2,613,315.48. This represents a 65.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.00% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on LFUS shares. Robert W. Baird boosted their price objective on Littelfuse from $500.00 to $535.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Williams Trading set a $520.00 target price on Littelfuse in a research report on Thursday, May 7th. Weiss Ratings raised Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Wall Street Zen upgraded Littelfuse from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Oppenheimer boosted their price target on Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Littelfuse has a consensus rating of “Moderate Buy” and a consensus target price of $465.83.
View Our Latest Research Report on Littelfuse
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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