Grandeur Peak Global Advisors LLC lessened its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 118,864 shares of the technology company’s stock after selling 3,149 shares during the period. Littelfuse accounts for approximately 3.2% of Grandeur Peak Global Advisors LLC’s investment portfolio, making the stock its 8th biggest position. Grandeur Peak Global Advisors LLC owned approximately 0.48% of Littelfuse worth $26,950,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of LFUS. Huntington National Bank raised its holdings in shares of Littelfuse by 264.7% during the second quarter. Huntington National Bank now owns 124 shares of the technology company’s stock valued at $28,000 after acquiring an additional 90 shares during the last quarter. Traub Capital Management LLC acquired a new position in Littelfuse in the 2nd quarter valued at $29,000. Evelyn Partners Investment Management Services Ltd purchased a new position in Littelfuse in the 2nd quarter valued at $33,000. AlphaQuest LLC acquired a new stake in Littelfuse during the 1st quarter worth $29,000. Finally, Parkside Financial Bank & Trust boosted its stake in Littelfuse by 165.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 231 shares of the technology company’s stock worth $52,000 after purchasing an additional 144 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.
Littelfuse Stock Performance
Littelfuse stock opened at $256.02 on Friday. The firm has a 50 day simple moving average of $253.92 and a 200-day simple moving average of $243.17. The stock has a market cap of $6.38 billion, a price-to-earnings 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 current ratio of 4.00 and a quick ratio of 2.98. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year high of $275.00.
Littelfuse Announces Dividend
The firm also recently declared 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 20th. Littelfuse’s dividend payout ratio is 57.14%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Thursday, October 30th. Zacks Research downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Wall Street Zen raised shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Robert W. Baird upgraded Littelfuse from a “neutral” rating to an “outperform” rating and upped their price target for the company from $290.00 to $310.00 in a research report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Littelfuse in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $292.50.
Read Our Latest Stock Analysis on LFUS
Insider Buying and Selling at Littelfuse
In related news, SVP Deepak Nayar sold 2,333 shares of the firm’s 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 of the company’s stock, valued at approximately $1,532,489. This trade represents a 28.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.50% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Littelfuse
- Investing In Preferred Stock vs. Common Stock
- Meta Platforms May Ditch NVIDIA Chips—Here’s Why Investors Care
- Where Do I Find 52-Week Highs and Lows?
- SoFi Technologies: From Fintech Speculation to Profit Engine
- Retail Stocks Investing, Explained
- Gold to $5,000? What Bank of America and UBS Have to Say
Receive News & Ratings for Littelfuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse and related companies with MarketBeat.com's FREE daily email newsletter.
