Nuveen LLC Purchases Shares of 59,056 Littelfuse, Inc. $LFUS

Key Points

• Nuveen LLC has acquired 59,056 shares of Littelfuse, Inc. valued at approximately $11.6 million, representing about 0.24% ownership of the company.
• Multiple institutional investors, including Dimensional Fund Advisors LP and Vulcan Value Partners LLC, have increased their stakes in Littelfuse, indicating strong institutional interest as 96.14% of shares are held by such investors.
• Littelfuse recently announced a quarterly dividend of $0.75, marking an increase from the previous dividend of $0.70, showcasing the company's commitment to returning value to shareholders.

Nuveen LLC acquired a new stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 59,056 shares of the technology company's stock, valued at approximately $11,619,000. Nuveen LLC owned approximately 0.24% of Littelfuse at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Littelfuse by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 442,554 shares of the technology company's stock valued at $104,287,000 after purchasing an additional 22,287 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Littelfuse by 2.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 357,157 shares of the technology company's stock valued at $70,267,000 after purchasing an additional 9,793 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Littelfuse by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 314,897 shares of the technology company's stock valued at $61,953,000 after purchasing an additional 2,362 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Littelfuse by 15.0% in the 4th quarter. Northern Trust Corp now owns 236,960 shares of the technology company's stock valued at $55,840,000 after purchasing an additional 30,855 shares in the last quarter. Finally, Vulcan Value Partners LLC lifted its stake in shares of Littelfuse by 13.7% in the 1st quarter. Vulcan Value Partners LLC now owns 227,555 shares of the technology company's stock valued at $44,769,000 after purchasing an additional 27,462 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Littelfuse news, Director T J. Chung sold 2,343 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was 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 of the company's stock, valued at $4,609,640.30. This represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

LFUS has been the topic of several research analyst reports. Robert W. Baird lifted their price objective on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Oppenheimer reduced their price objective on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, Wall Street Zen raised Littelfuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $234.50.

Littelfuse Stock Performance

Littelfuse stock opened at $262.94 on Friday. The stock's 50 day moving average price is $238.15 and its 200 day moving average price is $216.57. The firm has a market capitalization of $6.52 billion, a PE ratio of 54.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.98 and a current ratio of 4.06. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.56.

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, topping the consensus estimate 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 return on equity of 9.74% and a net margin of 5.30%.Littelfuse's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.97 EPS. Littelfuse has set its Q3 2025 guidance at 2.650-2.850 EPS. As a group, sell-side analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 21st. This is a positive change from Littelfuse's previous quarterly dividend of $0.70. Littelfuse's dividend payout ratio is currently 62.50%.

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.

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