William Blair Investment Management LLC purchased a new stake in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 321,681 shares of the technology company’s stock, valued at approximately $146,471,000.
A number of other institutional investors also recently modified their holdings of LFUS. Vanguard Group Inc. raised its holdings in Littelfuse by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,969,874 shares of the technology company’s stock valued at $751,141,000 after acquiring an additional 44,826 shares during the period. BlackRock Inc. bought a new position in shares of Littelfuse in the second quarter worth $1,148,821,000. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Littelfuse by 67.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,024,176 shares of the technology company’s stock worth $259,035,000 after acquiring an additional 412,160 shares during the period. Van Lanschot Kempen Investment Management N.V. grew its position in shares of Littelfuse by 3.9% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 980,498 shares of the technology company’s stock valued at $247,988,000 after purchasing an additional 37,203 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Littelfuse by 58.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 609,966 shares of the technology company’s stock valued at $154,273,000 after purchasing an additional 225,445 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
Littelfuse Stock Up 0.1%
LFUS opened at $412.26 on Friday. The company has a fifty day moving average price of $437.01 and a 200-day moving average price of $404.82. The firm has a market capitalization of $10.47 billion, a P/E ratio of -824.50, a price-to-earnings-growth ratio of 2.18 and a beta of 1.49. 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.
Littelfuse Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from Littelfuse’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 0.8%. Littelfuse’s payout ratio is presently -640.00%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on LFUS. Oppenheimer increased their price objective on Littelfuse from $430.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Robert W. Baird lifted their target price on Littelfuse from $500.00 to $535.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Wall Street Zen upgraded Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Williams Trading set a $520.00 price target on shares of Littelfuse in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Littelfuse has an average rating of “Moderate Buy” and a consensus price target of $465.83.
Get Our Latest Stock Analysis on LFUS
Insider Buying and Selling at Littelfuse
In related news, Director Anthony Grillo sold 3,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 64,928 shares of the company’s stock, valued at $29,344,858.88. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.
About Littelfuse
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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