Moody National Bank Trust Division cut its position in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 20.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,374 shares of the technology company’s stock after selling 1,939 shares during the quarter. Moody National Bank Trust Division’s holdings in Littelfuse were worth $3,358,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of LFUS. Key Capital Management INC purchased a new position in Littelfuse during the 4th quarter valued at about $25,000. Atlas Capital Advisors Inc. purchased a new stake in Littelfuse during the fourth quarter worth about $27,000. V Square Quantitative Management LLC purchased a new stake in Littelfuse during the fourth quarter worth about $30,000. Quarry LP acquired a new stake in shares of Littelfuse during the third quarter worth about $36,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Littelfuse in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.
Littelfuse Stock Performance
Shares of Littelfuse stock opened at $466.46 on Wednesday. The business has a 50-day simple moving average of $442.68 and a 200-day simple moving average of $392.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.76. Littelfuse, Inc. has a one year low of $233.36 and a one year high of $500.57. The company has a market cap of $11.85 billion, a PE ratio of -932.90, a P/E/G ratio of 2.35 and a beta of 1.49.
Littelfuse Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.80 per share. This is an increase from Littelfuse’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $3.20 annualized dividend and a dividend yield of 0.7%. Littelfuse’s dividend payout ratio is presently -600.00%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on LFUS. Needham & Company LLC restated a “buy” rating and issued a $520.00 price objective on shares of Littelfuse in a report on Monday, May 18th. Zacks Research lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Robert W. Baird boosted their price target on shares of Littelfuse from $500.00 to $535.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Williams Trading set a $520.00 price target on shares of Littelfuse in a research note on Thursday, May 7th. Finally, Wall Street Zen raised Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Four 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $465.83.
Check Out Our Latest Report on LFUS
Insider Buying and Selling at Littelfuse
In other Littelfuse news, SVP Maggie Chu sold 11,397 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $435.48, for a total value of $4,963,165.56. Following the sale, the senior vice president directly owned 6,001 shares in the company, valued at $2,613,315.48. This trade represents a 65.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony Grillo sold 3,000 shares of Littelfuse stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $451.96, for a total value of $1,355,880.00. Following the sale, the director directly owned 64,928 shares of the company’s stock, valued at $29,344,858.88. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is currently owned by insiders.
Littelfuse 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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