MAI Capital Management acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 285 shares of the technology company’s stock, valued at approximately $65,000.
A number of other institutional investors also recently modified their holdings of LFUS. Huntington National Bank increased its holdings in Littelfuse by 264.7% during the 2nd quarter. Huntington National Bank now owns 124 shares of the technology company’s stock valued at $28,000 after purchasing an additional 90 shares during the period. AlphaQuest LLC purchased a new stake in Littelfuse in the 1st quarter worth approximately $29,000. Traub Capital Management LLC bought a new stake in shares of Littelfuse in the 2nd quarter worth approximately $29,000. Parkside Financial Bank & Trust increased its stake in shares of Littelfuse by 165.5% during the second quarter. Parkside Financial Bank & Trust now owns 231 shares of the technology company’s stock valued at $52,000 after buying an additional 144 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Littelfuse during the second quarter valued at approximately $58,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
Littelfuse Trading Down 0.0%
NASDAQ:LFUS opened at $256.02 on Friday. The firm has a market capitalization of $6.38 billion, a P/E ratio of 48.77, a PEG ratio of 2.04 and a beta of 1.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.00 and a quick ratio of 2.98. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.00. The company’s 50-day simple moving average is $253.92 and its 200 day simple moving average is $243.17.
Littelfuse Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, November 20th. This represents a $3.00 dividend on an annualized basis and a yield of 1.2%. Littelfuse’s payout ratio is presently 57.14%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Littelfuse in a research report on Wednesday, October 8th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Thursday, October 30th. Robert W. Baird upgraded shares of Littelfuse from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $290.00 to $310.00 in a report on Friday, October 10th. Zacks Research cut Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen upgraded Littelfuse from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Littelfuse currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.50.
View Our Latest Stock Analysis on Littelfuse
Insider Buying and Selling
In other news, SVP Deepak Nayar sold 2,333 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $255.50, for a total value of $596,081.50. Following the sale, the senior vice president directly owned 5,998 shares of the company’s stock, valued at approximately $1,532,489. This represents a 28.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.50% of the company’s stock.
About Littelfuse
Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.
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