Shellback Capital LP Buys Shares of 70,687 Littelfuse, Inc. $LFUS

Key Points

• Shellback Capital LP has acquired a new position in Littelfuse, purchasing 70,687 shares worth approximately $13.9 million, which constitutes 1.3% of their investment portfolio.
• Littelfuse's recent quarterly earnings exceeded expectations, with reported EPS at $2.85, surpassing the consensus estimate of $2.35, and revenue of $613.41 million compared to estimates of $571.04 million.
• Analysts have recently upgraded Littelfuse's stock rating to strong-buy, with a current consensus rating of "Moderate Buy" and an average price target of $234.50.

Shellback Capital LP purchased a new position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 70,687 shares of the technology company's stock, valued at approximately $13,907,000. Littelfuse makes up approximately 1.3% of Shellback Capital LP's holdings, making the stock its 29th largest holding. Shellback Capital LP owned approximately 0.29% of Littelfuse at the end of the most recent reporting period.

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

Littelfuse Trading Up 1.1%

Shares of LFUS stock traded up $2.86 during trading hours on Wednesday, reaching $263.98. The company's stock had a trading volume of 161,070 shares, compared to its average volume of 209,008. 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, Inc. has a one year low of $142.10 and a one year high of $271.72. The stock has a market capitalization of $6.54 billion, a P/E ratio of 55.00, a P/E/G ratio of 2.12 and a beta of 1.44. The firm's fifty day simple moving average is $247.12 and its 200 day simple moving average is $217.76.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.85 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $0.50. The company had revenue of $613.41 million during 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%.The firm's revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.97 earnings per share. Littelfuse has set its Q3 2025 guidance at 2.650-2.850 EPS. Equities research 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 given a dividend of $0.75 per share. This is an increase from Littelfuse's previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 21st. Littelfuse's dividend payout ratio is presently 62.50%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, Director T J. Chung sold 2,343 shares of the firm'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 completion of the transaction, the director owned 18,730 shares in the company, valued at $4,609,640.30. This trade represents a 11.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Alexander Conrad sold 13,210 shares of Littelfuse stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $261.43, for a total value of $3,453,490.30. Following the sale, the senior vice president owned 3,427 shares in the company, valued at $895,920.61. This represents a 79.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,759 shares of company stock valued at $6,697,362 over the last three months. Corporate insiders own 2.50% of the company's stock.

About Littelfuse

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.