Bank of America Corp DE Invests $115.31 Million in Littelfuse, Inc. $LFUS

Key Points

• Bank of America purchased a new Littelfuse stake worth approximately $115.3 million, acquiring 253,237 shares and representing about 1% of the company.
• Littelfuse reported stronger-than-expected quarterly results, with EPS of $4.19 versus the $3.78 consensus and revenue of $738.78 million, up 20.4% year over year.
• The company raised its quarterly dividend from $0.75 to $0.80 per share, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $465.83.

Bank of America Corp DE purchased a new stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 253,237 shares of the technology company's stock, valued at approximately $115,306,000. Bank of America Corp DE owned about 1.00% of Littelfuse at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Littelfuse in the second quarter worth $51,000. IFP Advisors Inc boosted its holdings in shares of Littelfuse by 292.1% during the fourth quarter. IFP Advisors Inc now owns 149 shares of the technology company's stock valued at $38,000 after acquiring an additional 111 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in shares of Littelfuse during the first quarter worth about $68,000. Hantz Financial Services Inc. boosted its stake in Littelfuse by 50.7% during the 4th quarter. Hantz Financial Services Inc. now owns 202 shares of the technology company's stock valued at $51,000 after purchasing an additional 68 shares during the period. Finally, Clearstead Advisors LLC grew its position in Littelfuse by 33.3% in the 4th quarter. Clearstead Advisors LLC now owns 260 shares of the technology company's stock worth $66,000 after purchasing an additional 65 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Trading Up 1.5%

Shares of NASDAQ:LFUS opened at $407.88 on Friday. Littelfuse, Inc. has a 52-week low of $233.36 and a 52-week high of $500.57. 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 $10.36 billion, a P/E ratio of -815.74, a P/E/G ratio of 2.12 and a beta of 1.47. The stock's 50-day moving average is $422.40 and its 200-day moving average is $412.96.

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

Littelfuse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a $0.80 dividend. The ex-dividend date was Thursday, August 20th. 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. Littelfuse's dividend payout ratio is currently -640.00%.

Analyst Ratings Changes

Several brokerages have weighed in on LFUS. Weiss Ratings raised Littelfuse from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. Zacks Research lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Finally, Robert W. Baird boosted their target price on shares of Littelfuse from $500.00 to $535.00 and gave the stock an "outperform" rating in a report on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Littelfuse currently has an average rating of "Moderate Buy" and a consensus price target of $465.83.

Littelfuse Company Profile

Littelfuse, Inc NASDAQ: LFUS is an industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes circuit protection devices such as fuses and resettable protection products, as well as power semiconductor components, switches, relays, sensors and related power-control technologies.

The company serves customers across the automotive, industrial, commercial, consumer electronics, telecommunications, energy and transportation markets.

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