UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,658 shares of the technology company’s stock after purchasing an additional 8,649 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.57% of Littelfuse worth $66,322,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in LFUS. Parallel Advisors LLC raised its stake in Littelfuse by 6.0% during the 1st quarter. Parallel Advisors LLC now owns 597 shares of the technology company’s stock worth $203,000 after buying an additional 34 shares during the period. Logan Capital Management Inc. grew its stake in Littelfuse by 0.3% in the fourth quarter. Logan Capital Management Inc. now owns 11,543 shares of the technology company’s stock valued at $2,920,000 after acquiring an additional 38 shares during the period. Glenmede Investment Management LP increased its holdings in shares of Littelfuse by 1.5% in the third quarter. Glenmede Investment Management LP now owns 2,845 shares of the technology company’s stock worth $737,000 after acquiring an additional 43 shares in the last quarter. Everhart Financial Group Inc. increased its holdings in shares of Littelfuse by 3.0% in the second quarter. Everhart Financial Group Inc. now owns 1,522 shares of the technology company’s stock worth $693,000 after acquiring an additional 44 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its position in shares of Littelfuse by 0.8% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 5,571 shares of the technology company’s stock worth $1,409,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.
Littelfuse Stock Performance
LFUS opened at $410.52 on Thursday. The business’s 50-day simple moving average is $426.89 and its 200 day simple moving average is $409.10. Littelfuse, Inc. has a 52-week low of $233.36 and a 52-week high of $500.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.76. The firm has a market capitalization of $10.43 billion, a PE ratio of -821.02, a PEG ratio of 2.16 and a beta of 1.48.
Littelfuse Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.80 dividend. This is a boost from Littelfuse’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th. Littelfuse’s dividend payout ratio (DPR) is -640.00%.
Analysts Set New Price Targets
Several brokerages recently issued reports on LFUS. 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 report on Friday, June 5th. Oppenheimer raised their target price on shares of Littelfuse from $430.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Wall Street Zen raised shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Williams Trading set a $520.00 price objective on shares of Littelfuse in a report on Thursday, May 7th. Four research 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $465.83.
Read Our Latest Report on Littelfuse
Insiders Place Their Bets
In other Littelfuse news, Director Anthony Grillo sold 3,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $29,344,858.88. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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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