Pallas Capital Advisors LLC Acquires Shares of 2,233 Littelfuse, Inc. $LFUS

Pallas Capital Advisors LLC bought a new position in shares of Littelfuse, Inc. (NASDAQ:LFUSFree Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,233 shares of the technology company’s stock, valued at approximately $1,017,000.

Several other hedge funds have also modified their holdings of LFUS. Parallel Advisors LLC grew its holdings in Littelfuse by 6.0% during the first quarter. Parallel Advisors LLC now owns 597 shares of the technology company’s stock worth $203,000 after acquiring an additional 34 shares during the period. Logan Capital Management Inc. lifted its holdings in Littelfuse by 0.3% in the fourth quarter. Logan Capital Management Inc. now owns 11,543 shares of the technology company’s stock valued at $2,920,000 after acquiring an additional 38 shares during the period. Glenmede Investment Management LP lifted its holdings in Littelfuse by 1.5% in the third quarter. Glenmede Investment Management LP now owns 2,845 shares of the technology company’s stock valued at $737,000 after acquiring an additional 43 shares during the period. Everhart Financial Group Inc. boosted its position in shares of Littelfuse by 3.0% during the 2nd quarter. Everhart Financial Group Inc. now owns 1,522 shares of the technology company’s stock worth $693,000 after purchasing an additional 44 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in shares of Littelfuse by 0.8% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 5,571 shares of the technology company’s stock worth $1,409,000 after purchasing an additional 46 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LFUS. Needham & Company LLC reiterated a “buy” rating and issued a $520.00 price target on shares of Littelfuse in a report on Monday, May 18th. Robert W. Baird boosted their price objective on shares of Littelfuse from $500.00 to $535.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Zacks Research downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Wall Street Zen upgraded shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Oppenheimer increased their target price on shares of Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $465.83.

Check Out Our Latest Stock Analysis on Littelfuse

Insider Buying and Selling

In other news, Director Anthony Grillo sold 3,000 shares of the company’s 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 completion of the sale, the director directly owned 64,928 shares in the company, valued at $29,344,858.88. This represents a 4.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

Littelfuse Stock Performance

NASDAQ:LFUS opened at $437.51 on Wednesday. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $11.11 billion, a P/E ratio of -875.00, a price-to-earnings-growth ratio of 2.42 and a beta of 1.49. The firm has a 50-day moving average price of $439.72 and a two-hundred day moving average price of $403.52. Littelfuse, Inc. has a twelve month low of $233.36 and a twelve month high of $500.57.

Littelfuse (NASDAQ:LFUSGet Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $4.19 EPS for the quarter, beating the consensus estimate of $3.78 by $0.41. Littelfuse had a negative net margin of 0.31% and a positive return on equity of 13.02%. The business had revenue of $738.78 million for the quarter, compared to analyst estimates of $703.38 million. During the same period in the prior year, the business earned $2.30 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Littelfuse has set its Q3 2026 guidance at 4.850-5.050 EPS. As a group, research analysts expect that Littelfuse, Inc. will post 15.78 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a $0.80 dividend. This is a positive change from Littelfuse’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, August 20th. This represents a $3.20 annualized dividend and a yield of 0.7%. Littelfuse’s dividend payout ratio (DPR) is presently -640.00%.

Littelfuse Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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