Littelfuse, Inc. $LFUS Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 0.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 29,029 shares of the technology company's stock after selling 271 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Littelfuse worth $13,217,775 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Littelfuse in the 2nd quarter valued at $1,148,821,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Littelfuse during the second quarter worth approximately $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. Norges Bank bought a new stake in shares of Littelfuse during the 4th quarter valued at about $73,575,000. Finally, Bank of America Corp DE purchased a new position in Littelfuse during the 2nd quarter valued at approximately $115,306,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Stock Performance

Shares of NASDAQ LFUS traded up $0.30 during midday trading on Tuesday, hitting $396.53. 105,786 shares of the company's stock traded hands, compared to its average volume of 297,055. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of -794.06, a price-to-earnings-growth ratio of 2.28 and a beta of 1.47. Littelfuse, Inc. has a 1 year low of $233.36 and a 1 year 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 firm has a fifty day moving average of $423.00 and a 200 day moving average of $412.27.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $4.19 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $703.38 million. During the same quarter in the previous year, the firm earned $2.30 earnings per share. The company's revenue was up 20.4% on a year-over-year basis. Littelfuse has set its Q3 2026 guidance at 4.850-5.050 EPS. On average, analysts forecast that Littelfuse, Inc. will post 15.78 earnings per share for the current year.

Littelfuse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid 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 was Thursday, August 20th. This represents a $3.20 annualized dividend and a yield of 0.8%. Littelfuse's dividend payout ratio (DPR) is presently -640.00%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LFUS. Weiss Ratings raised shares of Littelfuse from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $520.00 target price on shares of Littelfuse in a research note on Monday, May 18th. Robert W. Baird increased their price objective on Littelfuse from $500.00 to $535.00 and gave the company an "outperform" rating in a report on Friday, June 5th. Finally, Zacks Research downgraded 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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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