MidFirst Bank acquired a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,139 shares of the technology company’s stock, valued at approximately $288,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Key Capital Management INC purchased a new position in Littelfuse during the fourth quarter worth $25,000. Atlas Capital Advisors Inc. acquired a new position in shares of Littelfuse in the fourth quarter worth $27,000. V Square Quantitative Management LLC purchased a new stake in shares of Littelfuse in the fourth quarter valued at $30,000. Quarry LP acquired a new stake in shares of Littelfuse during the third quarter valued at $36,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Littelfuse during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.
Littelfuse Stock Performance
Littelfuse stock opened at $479.82 on Friday. The firm has a market capitalization of $12.13 billion, a P/E ratio of -283.92, a PEG ratio of 2.69 and a beta of 1.48. The stock has a fifty day moving average price of $439.14 and a 200 day moving average price of $354.49. Littelfuse, Inc. has a 52 week low of $215.99 and a 52 week high of $500.57. The company has a current ratio of 2.61, a quick ratio of 1.82 and a debt-to-equity ratio of 0.21.
Littelfuse Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, May 21st. Littelfuse’s dividend payout ratio is presently -177.51%.
Wall Street Analysts Forecast Growth
LFUS has been the subject of several analyst reports. Wall Street Zen raised shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Zacks Research raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Weiss Ratings downgraded shares of Littelfuse from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 13th. Needham & Company LLC reissued a “buy” rating and issued a $520.00 price objective on shares of Littelfuse in a research report on Monday, May 18th. Finally, Williams Trading set a $520.00 price objective on shares of Littelfuse in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $465.83.
Check Out Our Latest Stock Report on Littelfuse
Insider Activity at Littelfuse
In other Littelfuse news, Director Anthony Grillo sold 3,000 shares of the stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Maggie Chu sold 11,397 shares of Littelfuse stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $435.48, for a total transaction of $4,963,165.56. Following the completion of the transaction, the senior vice president owned 6,001 shares in the company, valued at approximately $2,613,315.48. This trade represents a 65.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,494 shares of company stock worth $6,750,834 over the last three months. 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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