Sierra Legacy Group reduced its stake in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 33.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,820 shares of the technology company’s stock after selling 895 shares during the quarter. Sierra Legacy Group’s holdings in Littelfuse were worth $413,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in LFUS. Huntington National Bank raised its position in Littelfuse by 264.7% in the second quarter. Huntington National Bank now owns 124 shares of the technology company’s stock valued at $28,000 after purchasing an additional 90 shares during the period. AlphaQuest LLC acquired a new stake in shares of Littelfuse in the first quarter valued at $29,000. Traub Capital Management LLC acquired a new stake in shares of Littelfuse in the second quarter valued at $29,000. Parkside Financial Bank & Trust raised its holdings in shares of Littelfuse by 165.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 231 shares of the technology company’s stock valued at $52,000 after buying an additional 144 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Littelfuse during the 2nd quarter worth about $58,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.
Littelfuse Stock Performance
NASDAQ LFUS opened at $236.29 on Wednesday. The company has a fifty day moving average of $256.52 and a two-hundred day moving average of $240.84. The company has a market capitalization of $5.88 billion, a PE ratio of 45.01, a P/E/G ratio of 2.04 and a beta of 1.50. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $275.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.00 and a quick ratio of 2.98.
Littelfuse Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be paid a $0.75 dividend. The ex-dividend date is Thursday, November 20th. This represents a $3.00 dividend on an annualized basis and a yield of 1.3%. Littelfuse’s payout ratio is currently 57.14%.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Thursday, October 30th. Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Zacks Research cut Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Littelfuse in a report on Wednesday, October 8th. Finally, Robert W. Baird upgraded Littelfuse from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $290.00 to $310.00 in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.50.
Check Out Our Latest Analysis on Littelfuse
Insider Activity
In related news, VP Ryan K. Stafford sold 10,206 shares of the firm’s stock in a transaction dated 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 owned 30,727 shares of the company’s stock, valued at $8,030,194.18. This trade represents a 24.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Alexander Conrad sold 13,210 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $261.43, for a total value of $3,453,490.30. Following the sale, the senior vice president directly owned 3,427 shares of the company’s stock, valued at $895,920.61. The trade was a 79.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.50% of the stock is currently owned by corporate insiders.
Littelfuse 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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