NFJ Investment Group LLC purchased a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 38,794 shares of the technology company’s stock, valued at approximately $17,664,000. NFJ Investment Group LLC owned about 0.15% of Littelfuse as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Virtus Advisers LLC purchased a new position in shares of Littelfuse during the 2nd quarter valued at about $222,000. Ceredex Value Advisors LLC purchased a new stake in Littelfuse in the second quarter worth approximately $12,920,000. Vise Technologies Inc. purchased a new stake in Littelfuse in the second quarter worth approximately $957,000. NewEdge Wealth LLC bought a new position in Littelfuse during the second quarter valued at approximately $486,000. Finally, Wealthfront Advisers LLC bought a new position in Littelfuse during the second quarter valued at approximately $243,000. 96.14% of the stock is currently owned by institutional investors.
Littelfuse Price Performance
Shares of Littelfuse stock opened at $411.97 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.76 and a quick ratio of 2.00. Littelfuse, Inc. has a one year low of $233.36 and a one year high of $500.57. The business’s 50 day simple moving average is $438.21 and its two-hundred day simple moving average is $404.77. The stock has a market capitalization of $10.46 billion, a P/E ratio of -823.92, a price-to-earnings-growth ratio of 2.19 and a beta of 1.49.
Littelfuse Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 20th. This is an increase from Littelfuse’s previous quarterly dividend of $0.75. Littelfuse’s dividend payout ratio is currently -600.00%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on LFUS. Zacks Research lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Williams Trading set a $520.00 target price on shares of Littelfuse in a report on Thursday, May 7th. Robert W. Baird lifted their target price on shares of Littelfuse from $500.00 to $535.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Wall Street Zen raised shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Oppenheimer upped their price target on shares of Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Littelfuse currently has an average rating of “Moderate Buy” and an average price target of $465.83.
Check Out Our Latest Analysis on Littelfuse
Insiders Place Their Bets
In other Littelfuse news, Director Anthony Grillo sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $451.96, for a total value of $1,355,880.00. Following the sale, the director owned 64,928 shares of the company’s stock, valued at $29,344,858.88. This trade represents a 4.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by insiders.
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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