Moody National Bank Trust Division decreased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 20.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,374 shares of the technology company’s stock after selling 1,939 shares during the quarter. Moody National Bank Trust Division’s holdings in Littelfuse were worth $3,358,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in LFUS. Parallel Advisors LLC lifted its holdings in shares of Littelfuse by 6.0% in the 1st 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. Edgestream Partners L.P. purchased a new position in Littelfuse during the 1st quarter worth approximately $2,592,000. Bull Harbor Capital LLC purchased a new position in Littelfuse during the 1st quarter worth approximately $338,000. EverSource Wealth Advisors LLC increased its position in Littelfuse by 34.1% during the first quarter. EverSource Wealth Advisors LLC now owns 889 shares of the technology company’s stock worth $302,000 after buying an additional 226 shares during the period. Finally, California State Teachers Retirement System lifted its stake in Littelfuse by 24.3% in the first quarter. California State Teachers Retirement System now owns 29,300 shares of the technology company’s stock valued at $9,943,000 after buying an additional 5,721 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.
Littelfuse Stock Up 4.8%
Littelfuse stock opened at $466.46 on Wednesday. The stock has a 50 day moving average of $442.68 and a two-hundred day moving average of $392.30. Littelfuse, Inc. has a twelve month low of $233.36 and a twelve month high of $500.57. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of -932.90, a PEG ratio of 2.35 and a beta of 1.49. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20.
Littelfuse Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a $0.80 dividend. This is a positive change from Littelfuse’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, August 20th. This represents a $3.20 dividend on an annualized basis and a yield of 0.7%. Littelfuse’s payout ratio is -600.00%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on LFUS. Robert W. Baird increased their price objective on Littelfuse from $500.00 to $535.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Weiss Ratings raised shares of Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Williams Trading set a $520.00 price target on shares of Littelfuse in a research report on Thursday, May 7th. Oppenheimer increased their price target on shares of Littelfuse from $430.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $520.00 price objective on shares of Littelfuse in a research report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $465.83.
Read Our Latest Stock Analysis on Littelfuse
Insider Buying and Selling at Littelfuse
In other Littelfuse news, Director Anthony Grillo sold 3,000 shares of the business’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 transaction, the director directly owned 64,928 shares of the company’s stock, valued at approximately $29,344,858.88. The trade was a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Maggie Chu sold 11,397 shares of the company’s stock in a transaction on 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 owned 6,001 shares of the company’s stock, valued at approximately $2,613,315.48. The trade was a 65.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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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