MAI Capital Management acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 285 shares of the technology company’s stock, valued at approximately $65,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Van Lanschot Kempen Investment Management N.V. boosted its holdings in Littelfuse by 39.9% in the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,215 shares of the technology company’s stock valued at $121,628,000 after purchasing an additional 176,243 shares during the period. Geode Capital Management LLC raised its position in shares of Littelfuse by 0.3% in the second quarter. Geode Capital Management LLC now owns 461,098 shares of the technology company’s stock worth $104,561,000 after buying an additional 1,438 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Littelfuse by 2.8% during the first quarter. Westwood Holdings Group Inc. now owns 357,157 shares of the technology company’s stock valued at $70,267,000 after buying an additional 9,793 shares during the period. Copeland Capital Management LLC grew its position in Littelfuse by 31.3% during the second quarter. Copeland Capital Management LLC now owns 333,199 shares of the technology company’s stock worth $75,546,000 after buying an additional 79,507 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Littelfuse by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 314,897 shares of the technology company’s stock worth $61,953,000 after buying an additional 2,362 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
Littelfuse Trading Down 0.0%
LFUS stock opened at $256.02 on Friday. The company has a market capitalization of $6.38 billion, a PE ratio of 48.77, a price-to-earnings-growth ratio of 2.04 and a beta of 1.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.98 and a current ratio of 4.00. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.00. The company’s 50 day moving average price is $253.92 and its two-hundred day moving average price is $243.17.
Littelfuse Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 20th. Littelfuse’s payout ratio is 57.14%.
Insider Buying and Selling at Littelfuse
In related news, SVP Deepak Nayar sold 2,333 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $255.50, for a total transaction of $596,081.50. Following the completion of the sale, the senior vice president directly owned 5,998 shares in the company, valued at $1,532,489. This represents a 28.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.50% of the company’s stock.
Wall Street Analyst Weigh In
LFUS has been the subject of a number of research analyst reports. Zacks Research downgraded Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 2nd. Robert W. Baird upgraded shares of Littelfuse from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $290.00 to $310.00 in a research report on Friday, October 10th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Littelfuse in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Littelfuse presently has an average rating of “Moderate Buy” and a consensus price target of $292.50.
Get Our Latest Analysis on LFUS
Littelfuse Company Profile
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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