Venturi Wealth Management LLC purchased a new stake in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,030 shares of the technology company’s stock, valued at approximately $689,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Horizon Investments LLC purchased a new position in Littelfuse during the fourth quarter worth approximately $617,000. Teacher Retirement System of Texas increased its stake in shares of Littelfuse by 16.3% in the 4th quarter. Teacher Retirement System of Texas now owns 29,010 shares of the technology company’s stock worth $7,337,000 after acquiring an additional 4,065 shares during the last quarter. Moody National Bank Trust Division raised its holdings in shares of Littelfuse by 40.6% during the 4th quarter. Moody National Bank Trust Division now owns 9,908 shares of the technology company’s stock worth $2,506,000 after acquiring an additional 2,862 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Littelfuse during the 3rd quarter worth $852,000. Finally, Royce & Associates LP boosted its position in shares of Littelfuse by 1.6% during the 3rd quarter. Royce & Associates LP now owns 242,135 shares of the technology company’s stock valued at $62,715,000 after acquiring an additional 3,848 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.
Littelfuse Price Performance
Shares of LFUS opened at $452.67 on Monday. Littelfuse, Inc. has a 1-year low of $222.62 and a 1-year high of $500.57. The stock has a market cap of $11.45 billion, a PE ratio of -267.85, a price-to-earnings-growth ratio of 2.54 and a beta of 1.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.61 and a quick ratio of 1.82. The firm has a fifty day moving average price of $447.74 and a 200 day moving average price of $362.67.
Littelfuse Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, May 21st. Littelfuse’s dividend payout ratio (DPR) is currently -177.51%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on LFUS. Robert W. Baird raised 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. Wall Street Zen upgraded shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Zacks Research raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $520.00 price target on shares of Littelfuse in a research report on Monday, May 18th. Finally, Oppenheimer upped their price objective on Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $465.83.
View Our Latest Report on Littelfuse
Insider Buying and Selling
In other news, SVP Maggie Chu sold 11,397 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $435.48, for a total value of $4,963,165.56. Following the completion of the sale, the senior vice president directly owned 6,001 shares of the company’s stock, valued at approximately $2,613,315.48. This represents a 65.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony Grillo sold 3,000 shares of the stock in a transaction dated 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 sale, the director owned 64,928 shares of the company’s stock, valued at $29,344,858.88. This trade represents a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,494 shares of company stock worth $6,750,834 in the last 90 days. 1.00% of the stock is currently owned by company 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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