Hsbc Holdings PLC Makes New Investment in Littelfuse, Inc. $LFUS

Hsbc Holdings PLC bought a new stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,295 shares of the technology company's stock, valued at approximately $3,332,000.

Several other institutional investors also recently made changes to their positions in LFUS. Parallel Advisors LLC increased its holdings in shares of Littelfuse by 6.0% in the 1st quarter. Parallel Advisors LLC now owns 597 shares of the technology company's stock valued at $203,000 after purchasing an additional 34 shares in the last quarter. Logan Capital Management Inc. boosted its holdings in Littelfuse by 0.3% during the fourth quarter. Logan Capital Management Inc. now owns 11,543 shares of the technology company's stock worth $2,920,000 after buying an additional 38 shares in the last quarter. Glenmede Investment Management LP grew its position in Littelfuse by 1.5% during the third quarter. Glenmede Investment Management LP now owns 2,845 shares of the technology company's stock worth $737,000 after buying an additional 43 shares during the period. Everhart Financial Group Inc. increased its holdings in Littelfuse by 3.0% in the second quarter. Everhart Financial Group Inc. now owns 1,522 shares of the technology company's stock valued at $693,000 after buying an additional 44 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in Littelfuse by 0.8% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 5,571 shares of the technology company's stock valued at $1,409,000 after buying an additional 46 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Price Performance

LFUS stock opened at $405.42 on Friday. 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 stock's 50 day moving average price is $430.65 and its 200 day moving average price is $407.50. The firm has a market cap of $10.30 billion, a P/E ratio of -810.82, a PEG ratio of 2.14 and a beta of 1.49.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $4.19 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $738.78 million during the quarter, compared to the consensus estimate of $703.38 million. During the same quarter last year, the business posted $2.30 earnings per share. Littelfuse's revenue was up 20.4% compared to the same quarter last year. Littelfuse has set its Q3 2026 guidance at 4.850-5.050 EPS. On average, sell-side analysts expect that Littelfuse, Inc. will post 15.78 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, August 20th. This represents a $3.20 dividend on an annualized basis and a yield of 0.8%. This is a boost from Littelfuse's previous quarterly dividend of $0.75. Littelfuse's dividend payout ratio (DPR) is -640.00%.

Analyst Ratings Changes

Several equities research analysts have recently commented on LFUS shares. Wall Street Zen raised Littelfuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. Robert W. Baird boosted their target price on Littelfuse from $500.00 to $535.00 and gave the stock an "outperform" rating in a research report on Friday, June 5th. Williams Trading set a $520.00 price target on Littelfuse in a research report on Thursday, May 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $520.00 price target on shares of Littelfuse in a research note on Monday, May 18th. Finally, Oppenheimer boosted their price objective on shares of Littelfuse from $430.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Littelfuse presently has an average rating of "Moderate Buy" and a consensus price target of $465.83.

Insiders Place Their Bets

In related news, Director Anthony Grillo sold 3,000 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $451.96, for a total value of $1,355,880.00. Following the completion of the transaction, the director owned 64,928 shares of the company's stock, valued at approximately $29,344,858.88. The trade was a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company's stock.

Littelfuse Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source