Sei Investments Co. raised its position in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 7.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 132,951 shares of the technology company’s stock after purchasing an additional 8,869 shares during the quarter. Sei Investments Co.’s holdings in Littelfuse were worth $45,122,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of LFUS. Key Capital Management INC bought a new position in shares of Littelfuse during the fourth quarter valued at about $25,000. Atlas Capital Advisors Inc. bought a new position in Littelfuse during the 4th quarter valued at approximately $27,000. V Square Quantitative Management LLC purchased a new stake in Littelfuse in the 4th quarter worth approximately $30,000. Quarry LP bought a new stake in shares of Littelfuse in the 3rd quarter worth approximately $36,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Littelfuse during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.
Littelfuse Price Performance
Shares of LFUS opened at $404.86 on Monday. Littelfuse, Inc. has a fifty-two week low of $226.18 and a fifty-two week high of $500.57. The firm’s 50-day simple moving average is $445.64 and its two-hundred day simple moving average is $384.82. The stock has a market cap of $10.24 billion, a PE ratio of -239.56, a price-to-earnings-growth ratio of 2.27 and a beta of 1.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.82 and a current ratio of 2.61.
Insiders Place Their Bets
In other news, Director Anthony Grillo sold 3,000 shares of the firm’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 transaction, the director directly owned 64,928 shares in the company, valued at $29,344,858.88. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maggie Chu sold 11,397 shares of Littelfuse stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $435.48, for a total value of $4,963,165.56. Following the completion of the transaction, the senior vice president directly owned 6,001 shares of the company’s stock, valued at approximately $2,613,315.48. This represents a 65.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 15,494 shares of company stock worth $6,750,834. Insiders own 1.00% of the company’s stock.
Analysts Set New Price Targets
LFUS has been the subject of a number of research 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 downgraded Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Robert W. Baird increased their target price on Littelfuse from $500.00 to $535.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Oppenheimer raised their target price on Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Williams Trading set a $520.00 price target on Littelfuse in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Littelfuse presently has an average rating of “Moderate Buy” and a consensus price target of $465.83.
View Our Latest Research Report on Littelfuse
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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