Lord Abbett & CO. LLC Boosts Stock Holdings in Littelfuse, Inc. $LFUS

Key Points

• Lord Abbett & CO. LLC increased its holdings in Littelfuse, Inc. by 8.4% during the 1st quarter, acquiring an additional 16,661 shares to bring their total ownership to 214,202 shares, valued at approximately $42.14 million.
• Littelfuse recently declared a quarterly dividend of $0.75 per share, up from the previous $0.70, representing a 1.2% yield.
• Analysts have mixed ratings on Littelfuse, with a consensus rating of "Moderate Buy" and a target price of $234.50 according to recent reports.

Lord Abbett & CO. LLC boosted its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 214,202 shares of the technology company's stock after acquiring an additional 16,661 shares during the period. Lord Abbett & CO. LLC owned 0.87% of Littelfuse worth $42,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its position in shares of Littelfuse by 1.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,142 shares of the technology company's stock worth $1,208,000 after acquiring an additional 69 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Littelfuse by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock worth $2,529,000 after purchasing an additional 70 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Littelfuse by 30.5% in the first quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock valued at $64,000 after buying an additional 76 shares during the period. Snowden Capital Advisors LLC boosted its holdings in shares of Littelfuse by 0.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 16,413 shares of the technology company's stock worth $3,868,000 after purchasing an additional 86 shares in the last quarter. Finally, Global X Japan Co. Ltd. boosted its holdings in Littelfuse by 33.5% during the 1st quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company's stock valued at $68,000 after acquiring an additional 87 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on LFUS shares. Oppenheimer decreased their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Robert W. Baird raised their price target on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Finally, Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $234.50.

Insiders Place Their Bets

In other Littelfuse news, Director T J. Chung sold 2,343 shares of Littelfuse stock in a transaction on Monday, August 11th. The shares were sold at an average price of $246.11, for a total value of $576,635.73. Following the transaction, the director directly owned 18,730 shares in the company, valued at approximately $4,609,640.30. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Littelfuse Price Performance

Shares of LFUS stock traded down $0.6490 during mid-day trading on Tuesday, hitting $251.8510. 74,699 shares of the stock were exchanged, compared to its average volume of 212,752. The firm has a fifty day moving average of $235.74 and a 200 day moving average of $215.73. The company has a quick ratio of 2.98, a current ratio of 4.06 and a debt-to-equity ratio of 0.30. Littelfuse, Inc. has a 52-week low of $142.10 and a 52-week high of $275.56. The company has a market cap of $6.24 billion, a PE ratio of 52.55, a price-to-earnings-growth ratio of 2.15 and a beta of 1.41.

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

Littelfuse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.2%. This is a boost from Littelfuse's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, August 21st. Littelfuse's dividend payout ratio is presently 58.33%.

Littelfuse 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.