Comerica Bank Has $3.51 Million Stock Holdings in Littelfuse, Inc. $LFUS

Key Points

• Comerica Bank reduced its stake in Littelfuse, Inc. by 15.7%, now holding 17,816 shares valued at approximately $3.51 million.
• Littelfuse recently increased its quarterly dividend to $0.75 per share, reflecting an annualized yield of 1.2% and a rise from its previous dividend of $0.70.
• The company reported earnings of $2.85 per share for the last quarter, exceeding analyst estimates, and achieved a 9.8% increase in quarterly revenue year-over-year.

Comerica Bank decreased its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 15.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 17,816 shares of the technology company's stock after selling 3,314 shares during the period. Comerica Bank owned about 0.07% of Littelfuse worth $3,505,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Littelfuse by 39.9% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,215 shares of the technology company's stock worth $121,628,000 after purchasing an additional 176,243 shares in the last quarter. GAMMA Investing LLC increased its stake in Littelfuse by 60,177.7% in the 1st quarter. GAMMA Investing LLC now owns 113,322 shares of the technology company's stock valued at $22,295,000 after buying an additional 113,134 shares during the last quarter. BLI Banque de Luxembourg Investments bought a new stake in Littelfuse during the 4th quarter worth about $16,250,000. Ameriprise Financial Inc. boosted its stake in shares of Littelfuse by 119.4% during the 4th quarter. Ameriprise Financial Inc. now owns 116,940 shares of the technology company's stock worth $27,557,000 after buying an additional 63,632 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Littelfuse in the 1st quarter valued at about $11,619,000. 96.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Alexander Conrad sold 13,210 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $261.43, for a total transaction of $3,453,490.30. Following the completion of the transaction, the senior vice president directly owned 3,427 shares in the company, valued at $895,920.61. This represents a 79.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ryan K. Stafford sold 10,206 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $261.34, for a total value of $2,667,236.04. Following the completion of the transaction, the vice president owned 30,727 shares of the company's stock, valued at $8,030,194.18. The trade was a 24.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,759 shares of company stock worth $6,697,362 in the last ninety days. 2.50% of the stock is owned by insiders.

Littelfuse Stock Performance

Shares of NASDAQ:LFUS traded down $0.98 during trading on Wednesday, reaching $254.51. 134,568 shares of the stock were exchanged, compared to its average volume of 211,152. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $271.72. The stock has a 50-day moving average price of $243.83 and a 200-day moving average price of $217.48. The company has a current ratio of 4.06, a quick ratio of 2.98 and a debt-to-equity ratio of 0.30. The firm has a market cap of $6.31 billion, a PE ratio of 53.02, a PEG ratio of 2.23 and a beta of 1.44.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.35 by $0.50. Littelfuse had a net margin of 5.30% and a return on equity of 9.74%. The business had revenue of $613.41 million for the quarter, compared to the consensus estimate of $571.04 million. During the same period in the prior year, the company posted $1.97 earnings per share. Littelfuse's revenue was up 9.8% compared to the same quarter last year. Littelfuse has set its Q3 2025 guidance at 2.650-2.850 EPS. Research analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.00 annualized dividend and a dividend yield of 1.2%. This is an increase from Littelfuse's previous quarterly dividend of $0.70. Littelfuse's dividend payout ratio is currently 62.50%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LFUS. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Wall Street Zen downgraded shares of Littelfuse from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 23rd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Littelfuse currently has an average rating of "Hold" and a consensus target price of $234.50.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.