Twin Tree Management LP bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 1,245 shares of the technology company’s stock, valued at approximately $567,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in LFUS. Vanguard Group Inc. increased its holdings in Littelfuse by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,969,874 shares of the technology company’s stock worth $751,141,000 after buying an additional 44,826 shares during the last quarter. BlackRock Inc. bought a new stake in Littelfuse in the second quarter worth about $1,148,821,000. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in 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 valued at $259,035,000 after acquiring an additional 412,160 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its stake in 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 acquiring an additional 37,203 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Littelfuse by 58.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 609,966 shares of the technology company’s stock valued at $154,273,000 after acquiring an additional 225,445 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.
Littelfuse Price Performance
Shares of NASDAQ:LFUS opened at $412.26 on Friday. The firm has a market capitalization of $10.47 billion, a PE ratio of -824.50, a P/E/G ratio of 2.18 and a beta of 1.49. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $437.01 and a two-hundred day moving average price of $404.82. Littelfuse, Inc. has a twelve month low of $233.36 and a twelve month high of $500.57.
Littelfuse Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.8%. 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. Littelfuse’s payout ratio is presently -640.00%.
Insider Transactions at Littelfuse
In other Littelfuse news, Director Anthony Grillo sold 3,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $451.96, for a total transaction of $1,355,880.00. Following the sale, the director owned 64,928 shares in the company, valued at $29,344,858.88. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by insiders.
Wall Street Analyst Weigh In
LFUS has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $520.00 price target on shares of Littelfuse in a research note on Monday, May 18th. Oppenheimer upped their price objective on Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Wall Street Zen raised Littelfuse from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Zacks Research downgraded Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Littelfuse currently has a consensus rating of “Moderate Buy” and an average target price of $465.83.
Check Out Our Latest Report on Littelfuse
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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