Deutsche Bank AG bought a new stake in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,866 shares of the technology company’s stock, valued at approximately $2,216,000.
Other institutional investors also recently made changes to their positions in the company. Atlas Capital Advisors Inc. acquired a new position in shares of Littelfuse during the 4th quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Littelfuse in the second quarter valued at about $51,000. Quarry LP purchased a new stake in Littelfuse during the third quarter worth about $36,000. Prosperity Bancshares Inc purchased a new stake in Littelfuse during the fourth quarter worth about $36,000. Finally, IFP Advisors Inc grew its position in Littelfuse by 292.1% during the fourth quarter. IFP Advisors Inc now owns 149 shares of the technology company’s stock worth $38,000 after buying an additional 111 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
Littelfuse Stock Performance
NASDAQ:LFUS opened at $421.28 on Friday. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $10.70 billion, a P/E ratio of -842.54, a price-to-earnings-growth ratio of 2.21 and a beta of 1.49. The firm has a 50-day moving average price of $432.14 and a two-hundred day moving average price of $407.52. Littelfuse, Inc. has a twelve month low of $233.36 and a twelve month high of $500.57.
Littelfuse Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis 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 -640.00%.
Insider Buying and Selling
In other Littelfuse news, Director Anthony Grillo sold 3,000 shares of the stock in a transaction on 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 sale, the director owned 64,928 shares in the company, valued at approximately $29,344,858.88. This represents a 4.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on LFUS shares. Robert W. Baird lifted their price target on shares of Littelfuse from $500.00 to $535.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Zacks Research cut Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $520.00 price objective on shares of Littelfuse in a research note on Monday, May 18th. Wall Street Zen raised Littelfuse from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Oppenheimer boosted their target price on Littelfuse from $430.00 to $500.00 and gave the stock 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 given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $465.83.
Check Out Our Latest Stock Analysis 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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