ACK Asset Management LLC Decreases Holdings in Littelfuse, Inc. $LFUS

Key Points

• ACK Asset Management reduced its Littelfuse stake by 7.4% in the second quarter, selling 10,000 shares and retaining 125,000 shares valued at approximately $56.9 million. Institutional investors and hedge funds collectively own 96.14% of LFUS.
• Littelfuse reported stronger-than-expected quarterly results, with EPS of $4.19 versus the $3.78 consensus estimate and revenue of $738.78 million, up 20.4% year over year. The company also raised its quarterly dividend to $0.80 per share, representing a 0.8% yield.
• Analysts maintain a generally positive outlook, with four Buy ratings and two Hold ratings producing a “Moderate Buy” consensus and an average price target of $465.83, above the stock’s recent opening price of $412.26.

ACK Asset Management LLC decreased its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,000 shares of the technology company's stock after selling 10,000 shares during the period. Littelfuse comprises about 6.6% of ACK Asset Management LLC's holdings, making the stock its 3rd largest holding. ACK Asset Management LLC owned about 0.49% of Littelfuse worth $56,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of LFUS. Sanctuary Advisors LLC bought a new stake in Littelfuse in the second quarter worth approximately $2,130,000. E20 Capital Ltd bought a new position in shares of Littelfuse during the 2nd quarter worth $27,726,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Littelfuse during the 2nd quarter valued at $25,448,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Littelfuse in the second quarter valued at approximately $266,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Littelfuse during the second quarter worth about $185,057,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Price Performance

LFUS opened at $412.26 on Monday. 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 cap of $10.47 billion, a price-to-earnings ratio of -824.50, a price-to-earnings-growth ratio of 2.18 and a beta of 1.49. The stock has a fifty day simple moving average of $437.01 and a two-hundred day simple moving average of $405.38. Littelfuse, Inc. has a 12-month low of $233.36 and a 12-month high of $500.57.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $738.78 million for the quarter, compared to the consensus estimate of $703.38 million. During the same quarter in the prior year, the business posted $2.30 EPS. The firm's quarterly revenue was up 20.4% compared to the same quarter last year. Littelfuse has set its Q3 2026 guidance at 4.850-5.050 EPS. Research analysts predict that Littelfuse, Inc. will post 15.78 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.8%. This is an increase from Littelfuse's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, August 20th. Littelfuse's payout ratio is -640.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Oppenheimer increased their target price on Littelfuse from $430.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 7th. Weiss Ratings raised Littelfuse from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. Williams Trading set a $520.00 target price on Littelfuse in a research note on Thursday, May 7th. Finally, Zacks Research lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $465.83.

Insider Transactions at Littelfuse

In other Littelfuse news, Director Anthony Grillo sold 3,000 shares of the 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 sale, the director directly owned 64,928 shares in the company, valued at approximately $29,344,858.88. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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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