Jupiter Topco LLC acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 207,653 shares of the technology company’s stock, valued at approximately $94,552,000. Jupiter Topco LLC owned 0.82% of Littelfuse at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in LFUS. Atlas Capital Advisors Inc. bought a new stake in shares of Littelfuse during the 4th quarter worth approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Littelfuse in the second quarter valued at about $51,000. Quarry LP purchased a new stake in shares of Littelfuse in the 3rd quarter worth approximately $36,000. Prosperity Bancshares Inc purchased a new stake in Littelfuse during the fourth quarter worth $36,000. Finally, IFP Advisors Inc boosted its position in Littelfuse by 292.1% during the fourth quarter. IFP Advisors Inc now owns 149 shares of the technology company’s stock valued at $38,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.
Littelfuse Stock Performance
NASDAQ:LFUS opened at $418.72 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.76. The company has a fifty day moving average of $433.31 and a two-hundred day moving average of $407.01. The stock has a market capitalization of $10.64 billion, a PE ratio of -837.42, a P/E/G ratio of 2.14 and a beta of 1.49. Littelfuse, Inc. has a fifty-two week low of $233.36 and a fifty-two week high of $500.57.
Littelfuse Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 20th. This is an increase from Littelfuse’s previous quarterly dividend of $0.75. Littelfuse’s payout ratio is -640.00%.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Williams Trading set a $520.00 price target on shares of Littelfuse in a report on Thursday, May 7th. Robert W. Baird lifted their price objective on Littelfuse from $500.00 to $535.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Zacks Research lowered Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Oppenheimer lifted 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. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $465.83.
Check Out Our Latest Analysis on Littelfuse
Insider Buying and Selling at Littelfuse
In related news, Director Anthony Grillo sold 3,000 shares of the business’s stock in a transaction dated 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 directly owned 64,928 shares in the company, valued at approximately $29,344,858.88. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.
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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