Convergence Financial LLC Buys 1,540 Shares of Littelfuse, Inc. $LFUS

Convergence Financial LLC bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the third quarter, HoldingsChannel.com reports. The firm bought 1,540 shares of the technology company’s stock, valued at approximately $653,000.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of Littelfuse by 168.0% in the third quarter. Versant Capital Management Inc now owns 67 shares of the technology company’s stock valued at $28,000 after purchasing an additional 42 shares during the last quarter. Caitlin John LLC bought a new position in shares of Littelfuse in the second quarter worth about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Littelfuse during the 2nd quarter worth about $51,000. Root Financial Partners LLC acquired a new position in shares of Littelfuse during the 3rd quarter worth about $51,000. Finally, NBH Bank acquired a new position in shares of Littelfuse during the 2nd quarter worth about $78,000. 96.14% of the stock is currently owned by institutional investors.

Trending Headlines about Littelfuse

Here are the key news stories impacting Littelfuse this week:

• Positive Sentiment: Adjusted earnings significantly exceeded expectations. Littelfuse reported quarterly adjusted EPS of $5.79, above analyst estimates near $4.95–$4.97 and up sharply from $2.77–$2.95 a year earlier. The earnings outperformance was the primary catalyst for the stock’s rise. Littelfuse beats third-quarter earnings estimates
• Positive Sentiment: Record revenue and profit growth supported the bullish reaction. Third-quarter net sales were reported at approximately $766.7 million, up 22.7% year over year, while GAAP net income rose to $115.4 million and diluted EPS reached $4.49. Operating cash flow was $230.1 million and free cash flow was $215.7 million. Littelfuse third-quarter results
• Positive Sentiment: Management issued solid fourth-quarter guidance. Littelfuse expects fourth-quarter sales of $750 million to $770 million and adjusted diluted EPS of $5.05 to $5.25. It also reaffirmed long-term 2030 targets of $4.5 billion in revenue and $1.1 billion in adjusted EBITDA. Littelfuse guidance and long-term targets
• Positive Sentiment: Needham reaffirmed its Buy rating and set a $520 price target, signaling continued analyst confidence in LFUS’s growth outlook. Needham analyst recommendation
• Neutral Sentiment: Littelfuse declared a quarterly dividend of $0.80 per share, equivalent to $3.20 annually and a yield of roughly 0.8%. The payment is scheduled for December 3 to shareholders of record November 19. Littelfuse dividend announcement
• Negative Sentiment: Reported revenue of $766.7 million was below the FactSet estimate of $792.5 million, although the earnings beat and profit growth outweighed the sales shortfall. Recent insider activity also showed selling rather than open-market purchases, a secondary caution for investors.

Littelfuse Stock Performance

NASDAQ:LFUS opened at $404.08 on Friday. The firm’s 50-day moving average is $409.98 and its 200-day moving average is $398.29. 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 0.19, a quick ratio of 2.00 and a current ratio of 2.67. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 331.22, a PEG ratio of 2.04 and a beta of 1.48.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, October 28th. The technology company reported $5.79 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.82. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The business had revenue of $795.20 million during the quarter, compared to analyst estimates of $792.49 million. During the same quarter in the prior year, the business earned $2.77 earnings per share. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. Equities research analysts anticipate that Littelfuse, Inc. will post 15.78 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, November 19th. Littelfuse’s payout ratio is currently -640.00%.

Wall Street Analysts Forecast Growth

LFUS has been the topic of a number of research analyst reports. Zacks Research lowered Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $520.00 price target on shares of Littelfuse in a research report on Wednesday. Oppenheimer reiterated an “outperform” rating on shares of Littelfuse in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Littelfuse in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $465.83.

Littelfuse Company Profile

Littelfuse, Inc is a diversified industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes fuses and other circuit-protection devices, power semiconductor products, relays, switches, sensors and related electronic components.

The company serves customers in the automotive, commercial vehicle, industrial, electronics, energy and communications markets. Its products are used in applications such as vehicle electrification, battery systems, industrial equipment, power distribution, renewable energy systems, data infrastructure and consumer electronics.