BlackRock Inc. Buys New Shares in Littelfuse, Inc. $LFUS

Key Points

• BlackRock acquired 2.52 million Littelfuse shares worth approximately $1.15 billion, giving it a 9.93% stake. Institutional investors collectively own 96.14% of the company.
• Littelfuse exceeded quarterly expectations, reporting $4.19 in earnings per share versus the $3.78 consensus estimate and $738.78 million in revenue, up 20.4% year over year. The company issued third-quarter EPS guidance of $4.85–$5.05.
• The company raised its quarterly dividend to $0.80 per share, while analysts maintain a Moderate Buy consensus rating with an average price target of $465.83.

BlackRock Inc. purchased a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,523,051 shares of the technology company's stock, valued at approximately $1,148,821,000. BlackRock Inc. owned about 9.93% of Littelfuse as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlas Capital Advisors Inc. purchased a new position in shares of Littelfuse in the fourth quarter worth about $27,000. Quarry LP bought a new position in shares of Littelfuse during the third quarter valued at approximately $36,000. Prosperity Bancshares Inc purchased a new stake in shares of Littelfuse in the fourth quarter worth $36,000. IFP Advisors Inc grew its position in Littelfuse by 292.1% during the 4th quarter. IFP Advisors Inc now owns 149 shares of the technology company's stock valued at $38,000 after purchasing an additional 111 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Littelfuse by 50.9% in the 3rd quarter. Larson Financial Group LLC now owns 160 shares of the technology company's stock worth $41,000 after buying an additional 54 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Anthony Grillo sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $451.96, for a total value of $1,355,880.00. Following the sale, the director directly owned 64,928 shares in the company, valued at $29,344,858.88. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Littelfuse Trading Up 0.1%

NASDAQ:LFUS opened at $412.26 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.76 and a quick ratio of 2.00. Littelfuse, Inc. has a 12 month low of $233.36 and a 12 month high of $500.57. The business's 50-day moving average is $437.01 and its two-hundred day moving average is $404.82. The firm has a market capitalization of $10.47 billion, a PE ratio of -824.50, a price-to-earnings-growth ratio of 2.18 and a beta of 1.49.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings data 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 analyst estimates 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 quarter last year, the firm earned $2.30 EPS. 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. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.8%. This is a positive change from Littelfuse's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, August 20th. Littelfuse's dividend payout ratio is presently -640.00%.

Analysts Set New Price Targets

Several research firms have recently issued reports on LFUS. Williams Trading set a $520.00 price objective on shares of Littelfuse in a research report on Thursday, May 7th. Needham & Company LLC restated a "buy" rating and set a $520.00 price objective on shares of Littelfuse in a report on Monday, May 18th. Oppenheimer raised their target price on Littelfuse from $430.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Littelfuse from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Finally, Robert W. Baird raised their price objective on shares of Littelfuse from $500.00 to $535.00 and gave the stock an "outperform" rating in a research report on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Littelfuse has a consensus rating of "Moderate Buy" and a consensus price target of $465.83.

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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