Legato Capital Management LLC trimmed its stake in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 80.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,232 shares of the technology company’s stock after selling 8,927 shares during the period. Legato Capital Management LLC’s holdings in Littelfuse were worth $565,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Key Capital Management INC bought a new stake in shares of Littelfuse in the 4th quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Littelfuse in the 3rd quarter valued at approximately $31,000. V Square Quantitative Management LLC bought a new stake in shares of Littelfuse in the 4th quarter valued at approximately $30,000. Hantz Financial Services Inc. lifted its stake in shares of Littelfuse by 57.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 134 shares of the technology company’s stock valued at $35,000 after purchasing an additional 49 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Littelfuse by 1,025.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 135 shares of the technology company’s stock valued at $35,000 after purchasing an additional 123 shares during the last quarter. 96.14% of the stock is owned by institutional investors.
Littelfuse Price Performance
Littelfuse stock opened at $476.77 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.61 and a quick ratio of 1.82. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of -282.11, a price-to-earnings-growth ratio of 2.58 and a beta of 1.46. The firm has a 50-day moving average of $392.15 and a two-hundred day moving average of $326.71. Littelfuse, Inc. has a 1 year low of $201.19 and a 1 year high of $483.95.
Littelfuse Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $3.00 dividend on an annualized basis and a yield of 0.6%. Littelfuse’s payout ratio is -177.51%.
Analysts Set New Price Targets
LFUS has been the subject of several analyst reports. Weiss Ratings lowered Littelfuse from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $520.00 price objective on shares of Littelfuse in a research note on Monday, May 18th. Williams Trading set a $520.00 price target on Littelfuse in a research note on Thursday, May 7th. Oppenheimer boosted their price objective on Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded Littelfuse from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $436.67.
View Our Latest Analysis on Littelfuse
Insiders Place Their Bets
In other Littelfuse news, SVP Maggie Chu sold 11,397 shares of Littelfuse stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $435.48, for a total transaction of $4,963,165.56. Following the completion of the sale, the senior vice president directly owned 6,001 shares of the company’s stock, valued at $2,613,315.48. The trade was a 65.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 12,494 shares of company stock worth $5,394,954. Insiders own 1.00% of the company’s stock.
Littelfuse 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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