First Quadrant L P CA maintained its stake in Littelfuse, Inc. (NASDAQ:LFUS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,700 shares of the technology company’s stock at the end of the second quarter. First Quadrant L P CA owned 0.06% of Littelfuse worth $2,261,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in Littelfuse by 15.1% in the second quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock worth $107,000 after buying an additional 85 shares during the period. World Asset Management Inc increased its stake in Littelfuse by 2.4% in the first quarter. World Asset Management Inc now owns 1,393 shares of the technology company’s stock worth $223,000 after buying an additional 32 shares during the period. Miles Capital Inc. increased its stake in Littelfuse by 1.8% in the first quarter. Miles Capital Inc. now owns 1,510 shares of the technology company’s stock worth $241,000 after buying an additional 26 shares during the period. Forward Management LLC increased its stake in Littelfuse by 6.4% in the first quarter. Forward Management LLC now owns 1,674 shares of the technology company’s stock worth $268,000 after buying an additional 100 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Littelfuse by 63.6% in the first quarter. Asset Management One Co. Ltd. now owns 1,723 shares of the technology company’s stock worth $276,000 after buying an additional 670 shares during the period. 96.72% of the stock is owned by hedge funds and other institutional investors.
Shares of Littelfuse, Inc. (NASDAQ:LFUS) traded down 0.84% on Friday, reaching $176.39. The company’s stock had a trading volume of 107,380 shares. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 27.76 and a beta of 0.96. Littelfuse, Inc. has a 1-year low of $116.97 and a 1-year high of $188.60. The stock has a 50-day moving average price of $177.96 and a 200-day moving average price of $165.09.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th will be paid a $0.37 dividend. This is an increase from Littelfuse’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Tuesday, August 22nd. Littelfuse’s dividend payout ratio (DPR) is 20.82%.
Littelfuse announced that its board has approved a stock repurchase plan on Wednesday, May 3rd that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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LFUS has been the subject of a number of research reports. Zacks Investment Research raised Littelfuse from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a report on Tuesday, June 13th. BidaskClub raised Littelfuse from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $175.00 target price (up previously from $165.00) on shares of Littelfuse in a report on Friday, July 21st. Oppenheimer Holdings, Inc. lifted their target price on Littelfuse from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. Finally, Robert W. Baird reaffirmed a “positive” rating and set a $195.00 target price (up previously from $187.00) on shares of Littelfuse in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Littelfuse presently has a consensus rating of “Hold” and an average target price of $187.40.
In other news, SVP Matthew Cole sold 150 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $169.23, for a total value of $25,384.50. Following the completion of the sale, the senior vice president now directly owns 3,985 shares of the company’s stock, valued at approximately $674,381.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Dieter Roeder sold 8,490 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $163.06, for a total value of $1,384,379.40. Following the completion of the sale, the senior vice president now directly owns 7,143 shares of the company’s stock, valued at $1,164,737.58. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
Littelfuse Company Profile
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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