18,459 Shares of Littelfuse, Inc. $LFUS Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management acquired 18,459 Littelfuse shares worth approximately $7.8 million, while institutional investors collectively own 96.14% of the company.
• Littelfuse reported quarterly EPS of $4.19, exceeding estimates of $3.78, as revenue rose 20.4% year over year to $738.78 million. Analysts maintain a “Moderate Buy” consensus with a $465.83 target price.
• The company increased its quarterly dividend from $0.75 to $0.80 per share, bringing the annualized dividend to $3.20 and the yield to approximately 0.8%.

Assenagon Asset Management S.A. purchased a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,459 shares of the technology company's stock, valued at approximately $7,822,000. Assenagon Asset Management S.A. owned 0.07% of Littelfuse as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Littelfuse in the second quarter valued at approximately $1,148,821,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Littelfuse during the 2nd quarter valued at $185,057,000. William Blair Investment Management LLC bought a new stake in shares of Littelfuse during the 2nd quarter valued at $146,471,000. Bank of America Corp DE acquired a new stake in shares of Littelfuse during the 2nd quarter worth $115,306,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Littelfuse during the 2nd quarter worth $94,552,000. 96.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Zacks Research cut Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. Weiss Ratings raised shares of Littelfuse from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $465.83.

Littelfuse Trading Up 0.9%

Shares of LFUS stock opened at $384.13 on Tuesday. Littelfuse, Inc. has a fifty-two week low of $233.36 and a fifty-two week high of $500.57. The stock's fifty day moving average price is $420.99 and its two-hundred day moving average price is $426.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.76. The company has a market cap of $9.76 billion, a PE ratio of 28.99, a P/E/G ratio of 2.01 and a beta of 1.48.

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

Littelfuse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, August 20th. This is an increase from Littelfuse's previous quarterly dividend of $0.75. Littelfuse's dividend payout ratio is -640.00%.

Littelfuse Company Profile

Littelfuse, Inc is a diversified industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes fuses and other circuit-protection devices, power semiconductor products, relays, switches, sensors and related electronic components.

The company serves customers in the automotive, commercial vehicle, industrial, electronics, energy and communications markets. Its products are used in applications such as vehicle electrification, battery systems, industrial equipment, power distribution, renewable energy systems, data infrastructure and consumer electronics.

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