Sei Investments Co. lifted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 7.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 132,951 shares of the technology company’s stock after acquiring an additional 8,869 shares during the quarter. Sei Investments Co. owned approximately 0.53% of Littelfuse worth $45,122,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in Littelfuse by 6.0% during the first quarter. Parallel Advisors LLC now owns 597 shares of the technology company’s stock valued at $203,000 after purchasing an additional 34 shares during the last quarter. Logan Capital Management Inc. increased its stake in shares of Littelfuse by 0.3% in the fourth quarter. Logan Capital Management Inc. now owns 11,543 shares of the technology company’s stock worth $2,920,000 after purchasing an additional 38 shares in the last quarter. Glenmede Investment Management LP raised its position in shares of Littelfuse by 1.5% in the third quarter. Glenmede Investment Management LP now owns 2,845 shares of the technology company’s stock valued at $737,000 after purchasing an additional 43 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Littelfuse by 0.8% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 5,571 shares of the technology company’s stock valued at $1,409,000 after buying an additional 46 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Littelfuse by 50.9% in the 3rd quarter. Larson Financial Group LLC now owns 160 shares of the technology company’s stock worth $41,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.
Littelfuse Price Performance
LFUS stock opened at $404.86 on Monday. The company’s 50 day moving average is $445.64 and its 200 day moving average is $384.82. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of -239.56, a price-to-earnings-growth ratio of 2.27 and a beta of 1.49. The company has a current ratio of 2.61, a quick ratio of 1.82 and a debt-to-equity ratio of 0.21. Littelfuse, Inc. has a 1-year low of $226.18 and a 1-year high of $500.57.
Insider Transactions at Littelfuse
In other news, SVP Maggie Chu sold 11,397 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $435.48, for a total transaction of $4,963,165.56. Following the transaction, the senior vice president directly owned 6,001 shares in the company, valued at approximately $2,613,315.48. This represents a 65.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony Grillo sold 3,000 shares of the stock in a transaction that occurred on 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 transaction, the director owned 64,928 shares in the company, valued at $29,344,858.88. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,494 shares of company stock worth $6,750,834 in the last 90 days. Company insiders own 1.00% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Oppenheimer boosted their target price on shares of Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Zacks Research cut Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Needham & Company LLC reissued a “buy” rating and set a $520.00 price objective on shares of Littelfuse in a report on Monday, May 18th. Williams Trading set a $520.00 target price on Littelfuse in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $465.83.
Get Our Latest Stock Report on LFUS
Littelfuse Company 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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