Impact Partnership Wealth LLC acquired a new stake in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 1,432 shares of the technology company’s stock, valued at approximately $362,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LFUS. Envestnet Asset Management Inc. raised its position in shares of Littelfuse by 1.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 147,379 shares of the technology company’s stock valued at $38,173,000 after buying an additional 2,013 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Littelfuse in the 3rd quarter valued at approximately $810,000. Moody National Bank Trust Division raised its position in shares of Littelfuse by 40.6% in the 4th quarter. Moody National Bank Trust Division now owns 9,908 shares of the technology company’s stock valued at $2,506,000 after buying an additional 2,862 shares in the last quarter. Teacher Retirement System of Texas raised its position 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 valued at $7,337,000 after buying an additional 4,065 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Littelfuse in the 3rd quarter valued at approximately $852,000. 96.14% of the stock is owned by institutional investors and hedge funds.
Littelfuse Price Performance
Shares of LFUS opened at $466.87 on Monday. Littelfuse, Inc. has a 12-month low of $201.19 and a 12-month high of $483.95. The business has a 50-day simple moving average of $400.49 and a two-hundred day simple moving average of $331.54. The company has a quick ratio of 1.82, a current ratio of 2.61 and a debt-to-equity ratio of 0.21. The stock has a market cap of $11.81 billion, a PE ratio of -276.25, a PEG ratio of 2.62 and a beta of 1.48.
Littelfuse Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, May 21st. Littelfuse’s dividend payout ratio is -177.51%.
Insider Transactions at Littelfuse
In other Littelfuse news, SVP Maggie Chu sold 11,397 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 6,001 shares in the company, valued at approximately $2,613,315.48. This represents a 65.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 12,494 shares of company stock valued at $5,394,954. Corporate insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Zacks Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Oppenheimer boosted their price target on Littelfuse from $430.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings cut Littelfuse from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $520.00 price target on shares of Littelfuse in a report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $436.67.
Check Out Our Latest Report on Littelfuse
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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