Inscription Capital LLC bought a new stake in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,419 shares of the technology company’s stock, valued at approximately $627,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arkadios Wealth Advisors grew its holdings in shares of Littelfuse by 14.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,672 shares of the technology company’s stock valued at $433,000 after acquiring an additional 212 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Littelfuse by 22.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,091 shares of the technology company’s stock valued at $1,805,000 after purchasing an additional 1,302 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Littelfuse by 8.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 147,018 shares of the technology company’s stock valued at $38,079,000 after purchasing an additional 11,009 shares in the last quarter. Maryland State Retirement & Pension System increased its position in shares of Littelfuse by 7.3% during the 3rd quarter. Maryland State Retirement & Pension System now owns 1,224 shares of the technology company’s stock worth $317,000 after purchasing an additional 83 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its stake in shares of Littelfuse by 53.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,370 shares of the technology company’s stock worth $355,000 after purchasing an additional 475 shares in the last quarter. 96.14% of the stock is owned by institutional investors.
Littelfuse Stock Performance
Shares of LFUS stock opened at $301.50 on Thursday. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 57.43, a PEG ratio of 1.91 and a beta of 1.43. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.05 and a current ratio of 4.00. The company has a 50-day simple moving average of $261.57 and a 200 day simple moving average of $255.92. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $305.00.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Thursday, October 30th. Oppenheimer boosted their price objective on shares of Littelfuse from $325.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Littelfuse in a report on Wednesday, October 8th. Robert W. Baird upgraded Littelfuse from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $290.00 to $310.00 in a report on Friday, October 10th. Finally, Wall Street Zen lowered Littelfuse from a “strong-buy” rating to a “buy” rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $335.00.
Read Our Latest Research Report on LFUS
Insider Transactions at Littelfuse
In other Littelfuse news, SVP Deepak Nayar sold 4,454 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $259.07, for a total transaction of $1,153,897.78. Following the transaction, the senior vice president owned 6,009 shares in the company, valued at $1,556,751.63. This trade represents a 42.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ryan K. Stafford sold 2,162 shares of Littelfuse stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $268.31, for a total value of $580,086.22. Following the sale, the vice president directly owned 28,591 shares of the company’s stock, valued at $7,671,251.21. This represents a 7.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 14,034 shares of company stock worth $3,670,025. Company insiders own 2.50% of the company’s stock.
Littelfuse Profile
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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