Bank of America Corp DE trimmed its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,227 shares of the technology company's stock after selling 6,575 shares during the period. Bank of America Corp DE owned 0.91% of Littelfuse worth $77,788,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Edgestream Partners L.P. acquired a new stake in Littelfuse during the 1st quarter valued at $2,592,000. Bull Harbor Capital LLC acquired a new position in shares of Littelfuse in the first quarter valued at $338,000. EverSource Wealth Advisors LLC raised its position in shares of Littelfuse by 34.1% in the first quarter. EverSource Wealth Advisors LLC now owns 889 shares of the technology company's stock valued at $302,000 after purchasing an additional 226 shares during the period. California State Teachers Retirement System lifted its stake in shares of Littelfuse by 24.3% during the 1st quarter. California State Teachers Retirement System now owns 29,300 shares of the technology company's stock worth $9,943,000 after buying an additional 5,721 shares during the last quarter. Finally, Southpoint Capital Advisors LP acquired a new stake in shares of Littelfuse during the 1st quarter worth about $50,902,000. 96.14% of the stock is currently owned by institutional investors.
Littelfuse Price Performance
Shares of NASDAQ LFUS opened at $456.55 on Monday. The stock has a market capitalization of $11.60 billion, a PE ratio of -913.08, a P/E/G ratio of 2.41 and a beta of 1.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.76 and a quick ratio of 2.00. The business has a fifty day moving average price of $441.90 and a two-hundred day moving average price of $395.74. Littelfuse, Inc. has a fifty-two week low of $233.36 and a fifty-two week high of $500.57.
Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Wednesday, July 29th. The technology company reported $4.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.78 by $0.41. The firm had revenue of $738.78 million during the quarter, compared to the consensus estimate of $703.38 million. Littelfuse had a positive return on equity of 13.02% and a negative net margin of 0.31%.The company's revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.30 EPS. Littelfuse has set its Q3 2026 guidance at 4.850-5.050 EPS. As a group, equities 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. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.80 per share. This is a boost from Littelfuse's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.7%. Littelfuse's payout ratio is currently -640.00%.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Weiss Ratings upgraded shares of 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 price objective on shares of Littelfuse in a research report on Thursday, May 7th. Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. Zacks Research lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Finally, Oppenheimer boosted their price target on Littelfuse from $430.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Littelfuse presently has a consensus rating of "Moderate Buy" and an average target price of $465.83.
Check Out Our Latest Research Report on Littelfuse
Insider Activity at Littelfuse
In other Littelfuse news, Director Anthony Grillo sold 3,000 shares of the company'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 sale, the director directly owned 64,928 shares in the company, valued at $29,344,858.88. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maggie Chu sold 11,397 shares of the firm's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $435.48, for a total value of $4,963,165.56. Following the completion of the sale, the senior vice president directly owned 6,001 shares in the company, valued at approximately $2,613,315.48. This represents a 65.51% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.00% of the company's stock.
Littelfuse Profile
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Free Report)
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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