First National Bank of Omaha purchased a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,462 shares of the technology company’s stock, valued at approximately $17,058,000.
Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Littelfuse in the 2nd quarter worth approximately $1,148,821,000. Pallas Capital Advisors LLC purchased a new position in Littelfuse during the second quarter valued at approximately $1,017,000. Deutsche Bank AG bought a new position in Littelfuse in the second quarter worth approximately $2,216,000. Perigon Wealth Management LLC bought a new position in Littelfuse in the second quarter worth approximately $245,000. Finally, Phillips Wealth Planners LLC purchased a new stake in Littelfuse during the second quarter worth $230,000. 96.14% of the stock is owned by hedge funds and other institutional investors.
Littelfuse Stock Performance
Shares of LFUS stock opened at $437.51 on Wednesday. The business’s fifty day simple moving average is $439.72 and its 200-day simple moving average is $403.52. The company has a market cap of $11.11 billion, a PE ratio of -875.00, a PEG ratio of 2.42 and a beta of 1.49. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Littelfuse, Inc. has a 12-month low of $233.36 and a 12-month high of $500.57.
Littelfuse Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a $0.80 dividend. This is a boost from Littelfuse’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 20th. Littelfuse’s dividend payout ratio is -640.00%.
Insider Buying and Selling at Littelfuse
In other news, Director Anthony Grillo sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $451.96, for a total transaction of $1,355,880.00. Following the transaction, the director owned 64,928 shares in the company, valued at $29,344,858.88. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on LFUS shares. Oppenheimer lifted their price target on Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Wall Street Zen raised Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Williams Trading set a $520.00 target price on shares of Littelfuse in a report on Thursday, May 7th. Finally, Zacks Research lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Littelfuse has a consensus rating of “Moderate Buy” and an average price target of $465.83.
Check Out Our Latest Analysis on LFUS
About Littelfuse
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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