Pallas Capital Advisors LLC Takes $506,000 Position in Littelfuse, Inc. $LFUS

Key Points

• Pallas Capital Advisors LLC purchased 2,231 shares of Littelfuse, Inc., valued at approximately $506,000, during the second quarter, indicating growing interest from hedge funds in the company.
• Littelfuse reported $2.85 earnings per share for the last quarter, exceeding analysts' expectations of $2.35, with a significant revenue increase of 9.8% year-over-year.
• The company recently increased its quarterly dividend to $0.75 per share, up from $0.70, representing an annualized dividend yield of 1.1%.

Pallas Capital Advisors LLC acquired a new stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,231 shares of the technology company's stock, valued at approximately $506,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in Littelfuse by 228.2% during the first quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock valued at $25,000 after purchasing an additional 89 shares in the last quarter. AlphaQuest LLC acquired a new stake in Littelfuse during the first quarter worth about $29,000. Advisors Asset Management Inc. increased its position in shares of Littelfuse by 42.0% during the first quarter. Advisors Asset Management Inc. now owns 311 shares of the technology company's stock valued at $61,000 after acquiring an additional 92 shares during the last quarter. Quarry LP acquired a new stake in shares of Littelfuse during the first quarter valued at about $63,000. Finally, Fifth Third Bancorp increased its position in shares of Littelfuse by 30.5% during the first quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock valued at $64,000 after acquiring an additional 76 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LFUS shares. Benchmark restated a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Zacks Research raised shares of Littelfuse from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. Finally, Wall Street Zen upgraded shares of Littelfuse from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $234.50.

Littelfuse Price Performance

NASDAQ:LFUS traded down $0.96 during mid-day trading on Tuesday, hitting $263.29. 53,665 shares of the company's stock traded hands, compared to its average volume of 206,019. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.98 and a current ratio of 4.06. The firm's 50 day simple moving average is $252.35 and its 200 day simple moving average is $219.91. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $271.81. The company has a market cap of $6.52 billion, a PE ratio of 54.83, a price-to-earnings-growth ratio of 2.13 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 earnings per share (EPS) for the quarter, topping 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 company had revenue of $613.41 million for the quarter, compared to analysts' expectations of $571.04 million. During the same period last year, the company earned $1.97 EPS. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. Littelfuse has set its Q3 2025 guidance at 2.650-2.850 EPS. Sell-side analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Increases Dividend

The business 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 payout ratio is presently 62.50%.

Insider Buying and Selling

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 completion of the transaction, the director owned 18,730 shares of the company's stock, valued at $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 is available through this link. Also, SVP Alexander Conrad sold 13,210 shares of Littelfuse stock in a transaction on Monday, August 25th. The stock was 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 of the company's stock, valued at approximately $895,920.61. This represents a 79.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,759 shares of company stock worth $6,697,362. Insiders own 2.50% of the company's stock.

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.