ProShare Advisors LLC cut its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 10.7% in the 4th quarter, HoldingsChannel reports. The fund owned 26,856 shares of the technology company’s stock after selling 3,214 shares during the period. ProShare Advisors LLC’s holdings in Littelfuse were worth $6,792,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in LFUS. Royal Bank of Canada boosted its holdings in Littelfuse by 3.6% during the first quarter. Royal Bank of Canada now owns 32,206 shares of the technology company’s stock worth $6,337,000 after purchasing an additional 1,107 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Littelfuse by 42.0% during the first quarter. Advisors Asset Management Inc. now owns 311 shares of the technology company’s stock worth $61,000 after purchasing an additional 92 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Littelfuse by 93.6% during the first quarter. AQR Capital Management LLC now owns 20,073 shares of the technology company’s stock worth $3,892,000 after purchasing an additional 9,706 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Littelfuse by 104.3% during the first quarter. Geneos Wealth Management Inc. now owns 333 shares of the technology company’s stock worth $66,000 after purchasing an additional 170 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Littelfuse by 652.9% during the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the technology company’s stock worth $119,000 after purchasing an additional 457 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
Littelfuse Stock Performance
Shares of LFUS stock opened at $443.91 on Friday. The stock has a market capitalization of $11.23 billion, a P/E ratio of -262.67, a PEG ratio of 2.48 and a beta of 1.46. The company has a current ratio of 2.61, a quick ratio of 1.82 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $383.85 and its 200 day moving average is $322.05. Littelfuse, Inc. has a 12 month low of $201.19 and a 12 month high of $483.95.
Littelfuse Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, May 21st. Littelfuse’s dividend payout ratio is presently -177.51%.
Wall Street Analyst Weigh In
LFUS has been the topic of several analyst reports. Benchmark upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $360.00 price target on the stock in a report on Thursday, January 29th. Zacks Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Williams Trading set a $520.00 target price on shares of Littelfuse in a research note on Thursday, May 7th. Robert W. Baird set a $360.00 target price on shares of Littelfuse in a research note on Thursday, January 29th. Finally, Weiss Ratings cut shares of Littelfuse from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $436.67.
Read Our Latest Stock Report on LFUS
Insider Buying and Selling
In related news, SVP Maggie Chu sold 11,397 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $435.48, for a total transaction of $4,963,165.56. Following the sale, the senior vice president owned 6,001 shares of the company’s stock, valued at approximately $2,613,315.48. This represents a 65.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kristina A. Cerniglia sold 2,343 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $368.38, for a total transaction of $863,114.34. Following the sale, the director directly owned 4,255 shares in the company, valued at $1,567,456.90. This trade represents a 35.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,837 shares of company stock worth $6,258,069 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.
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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