Eastern Bank Sells 152 Shares of Littelfuse, Inc. $LFUS

Eastern Bank cut its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,999 shares of the technology company’s stock after selling 152 shares during the period. Eastern Bank’s holdings in Littelfuse were worth $453,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. grew its holdings in shares of Littelfuse by 1.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,142 shares of the technology company’s stock worth $1,208,000 after purchasing an additional 69 shares during the last quarter. Fifth Third Bancorp grew its holdings in Littelfuse by 30.5% during the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company’s stock worth $64,000 after acquiring an additional 76 shares in the last quarter. Petrus Trust Company LTA grew its holdings in Littelfuse by 4.6% during the 1st quarter. Petrus Trust Company LTA now owns 1,907 shares of the technology company’s stock worth $375,000 after acquiring an additional 84 shares in the last quarter. Global X Japan Co. Ltd. grew its holdings in Littelfuse by 33.5% during the 1st quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company’s stock worth $68,000 after acquiring an additional 87 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Littelfuse by 228.2% during the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company’s stock worth $25,000 after acquiring an additional 89 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Insider Activity at Littelfuse

In other Littelfuse news, Director T J. Chung sold 2,343 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $246.11, for a total transaction of $576,635.73. Following the completion of the transaction, the director directly owned 18,730 shares of the company’s stock, valued at approximately $4,609,640.30. This trade represents a 11.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Ryan K. Stafford sold 10,206 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $261.34, for a total transaction of $2,667,236.04. Following the transaction, the vice president directly owned 30,727 shares of the company’s stock, valued at $8,030,194.18. This represents a 24.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,759 shares of company stock valued at $6,697,362 in the last three months. 2.50% of the stock is owned by insiders.

Littelfuse Stock Performance

Shares of Littelfuse stock opened at $249.87 on Friday. The firm has a market capitalization of $6.19 billion, a P/E ratio of 52.06, a PEG ratio of 2.02 and a beta of 1.45. The company has a quick ratio of 2.98, a current ratio of 4.06 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average price of $258.15 and a 200 day moving average price of $224.37. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $271.81.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.35 by $0.50. The firm had revenue of $613.41 million during the quarter, compared to analyst estimates of $571.04 million. Littelfuse had a net margin of 5.30% and a return on equity of 9.74%. Littelfuse’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $1.97 EPS. Littelfuse has set its Q3 2025 guidance at 2.650-2.850 EPS. Sell-side analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 21st. This is an increase from Littelfuse’s previous quarterly dividend of $0.70. Littelfuse’s payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Baird R W upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Littelfuse in a report on Wednesday. Wall Street Zen upgraded shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Zacks Research cut shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Finally, Robert W. Baird upgraded shares of Littelfuse from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $290.00 to $310.00 in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Littelfuse presently has an average rating of “Moderate Buy” and a consensus target price of $292.50.

About Littelfuse

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.