Vise Technologies Inc. bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,101 shares of the technology company’s stock, valued at approximately $957,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. purchased a new position in Littelfuse in the fourth quarter valued at approximately $27,000. Quarry LP acquired a new stake in Littelfuse during the third quarter worth approximately $36,000. Prosperity Bancshares Inc purchased a new stake in shares of Littelfuse during the 4th quarter worth approximately $36,000. IFP Advisors Inc lifted its position in shares of Littelfuse by 292.1% during the 4th quarter. IFP Advisors Inc now owns 149 shares of the technology company’s stock worth $38,000 after buying an additional 111 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Littelfuse by 50.9% in the 3rd quarter. Larson Financial Group LLC now owns 160 shares of the technology company’s stock valued at $41,000 after buying an additional 54 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.
Littelfuse Stock Performance
Shares of LFUS opened at $412.26 on Friday. The company’s 50 day simple moving average is $437.01 and its 200-day simple moving average is $404.82. The firm has a market cap of $10.47 billion, a PE ratio of -824.50, a price-to-earnings-growth ratio of 2.18 and a beta of 1.49. Littelfuse, Inc. has a 12-month low of $233.36 and a 12-month high of $500.57. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20.
Littelfuse Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from Littelfuse’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.8%. Littelfuse’s dividend payout ratio is currently -640.00%.
Analyst Upgrades and Downgrades
LFUS has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Williams Trading set a $520.00 price target on shares of Littelfuse in a research report on Thursday, May 7th. Zacks Research downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $520.00 price objective on shares of Littelfuse in a report on Monday, May 18th. Finally, Wall Street Zen upgraded Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $465.83.
Check Out Our Latest Stock Analysis on LFUS
Insider Activity at Littelfuse
In other news, Director Anthony Grillo sold 3,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $451.96, for a total transaction of $1,355,880.00. Following the completion of the sale, the director owned 64,928 shares in the company, valued at approximately $29,344,858.88. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.
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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