Twin Tree Management LP bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) during the second quarter, Holdings Channel reports. The fund bought 1,245 shares of the technology company’s stock, valued at approximately $567,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Littelfuse by 3.6% during the 1st quarter. Royal Bank of Canada now owns 32,206 shares of the technology company’s stock valued at $6,337,000 after purchasing an additional 1,107 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Littelfuse by 42.0% in the first quarter. Advisors Asset Management Inc. now owns 311 shares of the technology company’s stock worth $61,000 after buying an additional 92 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Littelfuse by 93.6% in the first quarter. AQR Capital Management LLC now owns 20,073 shares of the technology company’s stock worth $3,892,000 after buying an additional 9,706 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Littelfuse by 104.3% during the first quarter. Geneos Wealth Management Inc. now owns 333 shares of the technology company’s stock valued at $66,000 after buying an additional 170 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Littelfuse by 652.9% during the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the technology company’s stock valued at $119,000 after buying an additional 457 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Littelfuse
In related news, Director Anthony Grillo sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $451.96, for a total transaction of $1,355,880.00. Following the transaction, the director directly owned 64,928 shares of the company’s stock, valued at approximately $29,344,858.88. This trade represents a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.
Littelfuse Stock Up 0.1%
Littelfuse (NASDAQ:LFUS – Get Free Report) last released its earnings results on Wednesday, July 29th. The technology company reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.78 by $0.41. Littelfuse had a positive return on equity of 13.02% and a negative net margin of 0.31%.The business had revenue of $738.78 million for the quarter, compared to analysts’ expectations of $703.38 million. During the same quarter in the prior year, the firm earned $2.30 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. Littelfuse has set its Q3 2026 guidance at 4.850-5.050 EPS. As a group, research analysts anticipate that Littelfuse, Inc. will post 15.78 EPS for the current fiscal year.
Littelfuse Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.80 per share. This is a boost from Littelfuse’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, August 20th. This represents a $3.20 annualized dividend and a dividend yield of 0.8%. Littelfuse’s dividend payout ratio is currently -640.00%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on LFUS shares. Oppenheimer upped their target price on Littelfuse from $430.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Zacks Research lowered Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Needham & Company LLC restated a “buy” rating and issued a $520.00 price objective on shares of Littelfuse in a research report on Monday, May 18th. Finally, Weiss Ratings raised shares of Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $465.83.
Get Our Latest Research Report on Littelfuse
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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