Littelfuse (LFUS) Shares Bought by American International Group Inc.
American International Group Inc. boosted its stake in shares of Littelfuse (NASDAQ:LFUS) by 4.7% in the first quarter, HoldingsChannel.com reports. The fund owned 64,593 shares of the technology company’s stock after purchasing an additional 2,903 shares during the period. American International Group Inc.’s holdings in Littelfuse were worth $13,447,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Intrust Bank NA purchased a new stake in shares of Littelfuse during the first quarter worth $203,000. Zeke Capital Advisors LLC purchased a new stake in shares of Littelfuse during the fourth quarter worth $210,000. Advisor Partners LLC purchased a new stake in shares of Littelfuse during the fourth quarter worth $212,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Littelfuse during the fourth quarter worth $218,000. Finally, ING Groep NV purchased a new stake in shares of Littelfuse during the first quarter worth $224,000. Institutional investors own 94.87% of the company’s stock.
Shares of LFUS opened at $216.48 on Thursday. The company has a quick ratio of 2.68, a current ratio of 3.68 and a debt-to-equity ratio of 0.52. Littelfuse has a 12-month low of $214.69 and a 12-month high of $216.68. The stock has a market capitalization of $5.35 billion, a P/E ratio of 27.97, a PEG ratio of 1.87 and a beta of 1.00.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 24th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Wednesday, May 23rd. Littelfuse’s dividend payout ratio is currently 19.12%.
In related news, Director Ronald L. Schubel sold 250 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $210.00, for a total value of $52,500.00. Following the completion of the sale, the director now owns 24,567 shares of the company’s stock, valued at $5,159,070. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director T J. Chung sold 4,854 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $207.76, for a total transaction of $1,008,467.04. Following the completion of the sale, the director now directly owns 20,193 shares of the company’s stock, valued at approximately $4,195,297.68. The disclosure for this sale can be found here. Insiders sold 72,089 shares of company stock valued at $15,438,283 in the last three months. 3.80% of the stock is currently owned by insiders.
LFUS has been the subject of a number of research reports. BidaskClub raised shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. ValuEngine raised shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research raised shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $212.75.
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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