Moody Aldrich Partners LLC bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,223 shares of the technology company’s stock, valued at approximately $209,000.
Several other large investors also recently bought and sold shares of LFUS. Norges Bank purchased a new stake in shares of Littelfuse in the fourth quarter worth $65,854,000. Impax Asset Management Group plc raised its position in shares of Littelfuse by 37.5% in the first quarter. Impax Asset Management Group plc now owns 522,542 shares of the technology company’s stock worth $69,269,000 after buying an additional 142,567 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Littelfuse by 19.3% in the first quarter. Alliancebernstein L.P. now owns 846,199 shares of the technology company’s stock worth $112,900,000 after buying an additional 136,950 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Littelfuse by 1,256.8% in the first quarter. Thrivent Financial for Lutherans now owns 120,684 shares of the technology company’s stock worth $16,102,000 after buying an additional 111,789 shares in the last quarter. Finally, Columbus Circle Investors purchased a new stake in shares of Littelfuse in the second quarter worth $18,539,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.
Shares of NASDAQ:LFUS traded down $0.07 on Friday, reaching $177.65. 101,278 shares of the company traded hands, compared to its average volume of 85,974. The business’s 50-day simple moving average is $168.66 and its 200 day simple moving average is $160.03. Littelfuse, Inc. has a 52 week low of $103.63 and a 52 week high of $196.00. The stock has a market capitalization of $4.31 billion, a P/E ratio of 59.41, a price-to-earnings-growth ratio of 3.80 and a beta of 1.14. The company has a current ratio of 5.35, a quick ratio of 4.16 and a debt-to-equity ratio of 0.54.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $1.92 annualized dividend and a dividend yield of 1.08%. Littelfuse’s payout ratio is presently 28.15%.
A number of research analysts recently commented on LFUS shares. ValuEngine cut Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Oppenheimer reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday. Robert W. Baird increased their target price on Littelfuse from $152.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. BidaskClub raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Stifel Nicolaus increased their target price on Littelfuse from $155.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $193.00.
In related news, SVP Deepak Nayar sold 809 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $145.00, for a total value of $117,305.00. Following the sale, the senior vice president now directly owns 8,901 shares of the company’s stock, valued at $1,290,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is owned by company insiders.
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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