Allianz Asset Management GmbH reduced its stake in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 13.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,566 shares of the technology company’s stock after selling 2,526 shares during the quarter. Allianz Asset Management GmbH’s holdings in Littelfuse were worth $4,291,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of LFUS. Royal Bank of Canada grew its position in Littelfuse by 3.6% in the 1st quarter. Royal Bank of Canada now owns 32,206 shares of the technology company’s stock valued at $6,337,000 after buying an additional 1,107 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Littelfuse by 42.0% in the 1st quarter. Advisors Asset Management Inc. now owns 311 shares of the technology company’s stock worth $61,000 after acquiring an additional 92 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Littelfuse by 93.6% in the first quarter. AQR Capital Management LLC now owns 20,073 shares of the technology company’s stock valued at $3,892,000 after acquiring an additional 9,706 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Littelfuse by 104.3% in the first quarter. Geneos Wealth Management Inc. now owns 333 shares of the technology company’s stock valued at $66,000 after acquiring an additional 170 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Littelfuse during the second quarter worth about $207,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.
Littelfuse Stock Performance
Littelfuse stock opened at $349.05 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.91 and a current ratio of 2.69. The stock has a fifty day moving average of $282.84 and a two-hundred day moving average of $264.91. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of -120.36, a PEG ratio of 2.24 and a beta of 1.43. Littelfuse, Inc. has a fifty-two week low of $142.10 and a fifty-two week high of $352.66.
Littelfuse Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, February 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.9%. Littelfuse’s payout ratio is -103.45%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on LFUS shares. Benchmark raised Littelfuse from a “hold” rating to a “buy” rating and set a $360.00 price objective on the stock in a report on Thursday, January 29th. Oppenheimer set a $380.00 price target on Littelfuse in a research note on Thursday, January 29th. Wall Street Zen raised Littelfuse from a “buy” rating to a “strong-buy” rating in a report on Monday, January 26th. Zacks Research raised Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Littelfuse in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $364.00.
Check Out Our Latest Stock Analysis on Littelfuse
Insider Buying and Selling at Littelfuse
In related news, SVP Deepak Nayar sold 8,875 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $321.55, for a total transaction of $2,853,756.25. Following the transaction, the senior vice president owned 6,009 shares of the company’s stock, valued at approximately $1,932,193.95. This represents a 59.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jeffrey G. Gorski sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $346.89, for a total transaction of $867,225.00. Following the sale, the chief accounting officer owned 6,433 shares in the company, valued at approximately $2,231,543.37. This trade represents a 27.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 54,792 shares of company stock valued at $16,968,518. Corporate insiders own 2.50% 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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