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Littelfuse, Inc. $LFUS Shares Sold by Allspring Global Investments Holdings LLC

Littelfuse logo with Computer and Technology background

Key Points

  • Allspring Global Investments decreased its stake in Littelfuse shares by 55.4% during Q2, now owning 46,473 shares valued at approximately $10.7 million.
  • Littelfuse reported a strong earnings result, with $2.85 EPS surpassing estimates, and a year-over-year revenue increase of 9.8% to $613.41 million.
  • The company announced a quarterly dividend increase to $0.75 per share, raising the annualized amount to $3.00, reflecting a yield of 1.1%.
  • MarketBeat previews top five stocks to own in November.

Allspring Global Investments Holdings LLC lessened its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 55.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,473 shares of the technology company's stock after selling 57,786 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.19% of Littelfuse worth $10,745,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its stake in Littelfuse by 228.2% during the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock worth $25,000 after buying an additional 89 shares during the last quarter. AlphaQuest LLC purchased a new position in Littelfuse during the 1st quarter worth approximately $29,000. Advisors Asset Management Inc. grew its stake in Littelfuse by 42.0% during the 1st quarter. Advisors Asset Management Inc. now owns 311 shares of the technology company's stock worth $61,000 after buying an additional 92 shares during the last quarter. Quarry LP purchased a new position in Littelfuse during the 1st quarter worth approximately $63,000. Finally, Fifth Third Bancorp grew its stake in Littelfuse by 30.5% during the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock worth $64,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Littelfuse Trading Down 0.8%

Shares of LFUS stock opened at $264.93 on Friday. The business's 50 day moving average is $259.38 and its two-hundred day moving average is $226.56. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $271.81. The company has a market capitalization of $6.56 billion, a P/E ratio of 55.19, a price-to-earnings-growth ratio of 2.14 and a beta of 1.45. The company has a current ratio of 4.06, a quick ratio of 2.98 and a debt-to-equity ratio of 0.30.

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

Littelfuse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Littelfuse's previous quarterly dividend of $0.70. The ex-dividend date was Thursday, August 21st. Littelfuse's dividend payout ratio (DPR) is presently 62.50%.

Insider Activity at Littelfuse

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

Analysts Set New Price Targets

A number of research firms recently issued reports on LFUS. Zacks Research downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 2nd. Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. Weiss Ratings restated a "hold (c)" rating on shares of Littelfuse in a research note on Wednesday, October 8th. Robert W. Baird upgraded Littelfuse from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $290.00 to $310.00 in a research note on Friday, October 10th. Finally, Baird R W upgraded Littelfuse from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Littelfuse has an average rating of "Moderate Buy" and a consensus price target of $292.50.

Get Our Latest Research Report on LFUS

Littelfuse Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse, Inc. (NASDAQ:LFUS - Free Report).

Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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