UBS Group AG trimmed its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,381 shares of the technology company’s stock after selling 6,301 shares during the period. UBS Group AG’s holdings in Littelfuse were worth $27,159,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently made changes to their positions in LFUS. Royal Bank of Canada raised its holdings in shares of Littelfuse by 3.6% during the first 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 during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Littelfuse by 42.0% during the first quarter. Advisors Asset Management Inc. now owns 311 shares of the technology company’s stock valued at $61,000 after purchasing an additional 92 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Littelfuse by 93.6% during the first quarter. AQR Capital Management LLC now owns 20,073 shares of the technology company’s stock valued at $3,892,000 after purchasing an additional 9,706 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of 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 purchasing an additional 170 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 457 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.
Littelfuse Stock Performance
LFUS opened at $457.03 on Friday. The firm has a market cap of $11.56 billion, a P/E ratio of -270.43, a PEG ratio of 2.93 and a beta of 1.46. Littelfuse, Inc. has a 1-year low of $197.19 and a 1-year high of $475.00. The company has a 50 day simple moving average of $361.35 and a two-hundred day simple moving average of $308.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.61 and a quick ratio of 1.91.
Littelfuse Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, May 21st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.7%. Littelfuse’s dividend payout ratio is currently -177.51%.
Insider Activity at Littelfuse
In related news, Director Kristina A. Cerniglia sold 2,343 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $368.38, for a total transaction of $863,114.34. Following the completion of the transaction, the director owned 4,255 shares in the company, valued at approximately $1,567,456.90. This represents a 35.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maggie Chu sold 815 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $392.47, for a total transaction of $319,863.05. Following the transaction, the senior vice president owned 6,283 shares of the company’s stock, valued at approximately $2,465,889.01. This represents a 11.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,351 shares of company stock worth $3,361,060 in the last three months. Insiders own 1.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on LFUS shares. UBS Group set a $360.00 price objective on shares of Littelfuse in a report on Thursday, January 29th. Wall Street Zen raised shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a report on Saturday. Needham & Company LLC boosted their price objective on shares of Littelfuse from $450.00 to $520.00 and gave the company a “buy” rating in a report on Thursday. Williams Trading set a $520.00 price objective on shares of Littelfuse in a report on Thursday. Finally, Benchmark raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $360.00 target price for the company in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Littelfuse presently has a consensus rating of “Moderate Buy” and a consensus target price of $436.67.
Check Out Our Latest Stock Analysis on LFUS
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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