Persistent Asset Partners Ltd Takes $2.70 Million Position in Littelfuse, Inc. $LFUS

Key Points

• Persistent Asset Partners acquired 5,927 Littelfuse shares worth approximately $2.70 million, making LFUS its 24th-largest holding; institutional investors collectively own 96.14% of the stock.
• Analysts remain generally positive, with four Buy ratings and two Holds, an average “Moderate Buy” rating, and an average price target of $465.83. Recent targets range from $500 to $535.
• Littelfuse exceeded quarterly earnings and revenue expectations, reporting $4.19 EPS and $738.78 million in revenue, while year-over-year revenue increased 20.4%; the company also raised its quarterly dividend to $0.80 per share.

Persistent Asset Partners Ltd purchased a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,927 shares of the technology company's stock, valued at approximately $2,699,000. Littelfuse comprises 0.8% of Persistent Asset Partners Ltd's investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LFUS. Horizon Investments LLC purchased a new stake in Littelfuse during the fourth quarter worth about $617,000. Teacher Retirement System of Texas increased its holdings in Littelfuse by 16.3% in the fourth quarter. Teacher Retirement System of Texas now owns 29,010 shares of the technology company's stock valued at $7,337,000 after buying an additional 4,065 shares in the last quarter. HighTower Advisors LLC increased its holdings in Littelfuse by 554.6% in the fourth quarter. HighTower Advisors LLC now owns 23,744 shares of the technology company's stock valued at $6,005,000 after buying an additional 20,117 shares in the last quarter. Summit Creek Advisors LLC lifted its position in shares of Littelfuse by 8.7% during the 4th quarter. Summit Creek Advisors LLC now owns 70,714 shares of the technology company's stock valued at $17,885,000 after acquiring an additional 5,678 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Littelfuse during the 4th quarter valued at approximately $822,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LFUS has been the topic of a number of research reports. Needham & Company LLC restated a "buy" rating and issued a $520.00 price target on shares of Littelfuse in a report on Monday, May 18th. Williams Trading set a $520.00 price objective on Littelfuse in a report on Thursday, May 7th. Oppenheimer boosted their target price on Littelfuse from $430.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 7th. Robert W. Baird upped their target price on Littelfuse from $500.00 to $535.00 and gave the company an "outperform" rating in a report on Friday, June 5th. Finally, Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $465.83.

Insiders Place Their Bets

In other news, SVP Maggie Chu sold 11,397 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $435.48, for a total transaction of $4,963,165.56. Following the completion of the sale, the senior vice president directly owned 6,001 shares in the company, valued at $2,613,315.48. This trade represents a 65.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony Grillo sold 3,000 shares of Littelfuse stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $451.96, for a total value of $1,355,880.00. Following the sale, the director directly owned 64,928 shares in the company, valued at approximately $29,344,858.88. The trade was a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.00% of the company's stock.

Littelfuse Price Performance

NASDAQ:LFUS opened at $457.57 on Monday. Littelfuse, Inc. has a 12-month low of $233.36 and a 12-month high of $500.57. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of -915.12, a price-to-earnings-growth ratio of 2.42 and a beta of 1.49. The company's 50-day moving average is $439.94 and its two-hundred day moving average is $401.42. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $4.19 earnings per share for the quarter, beating 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 period in the previous year, the firm posted $2.30 EPS. Littelfuse's revenue was up 20.4% on a year-over-year basis. Littelfuse has set its Q3 2026 guidance at 4.850-5.050 EPS. Research analysts expect that Littelfuse, Inc. will post 15.78 EPS for the current year.

Littelfuse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, August 20th. This is an increase from Littelfuse's previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.7%. Littelfuse's dividend payout ratio is presently -600.00%.

About Littelfuse

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.

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