Wedge Capital Management L L P NC Cuts Holdings in Littelfuse, Inc. $LFUS

Key Points

• Wedge Capital Management L L P NC reduced its stake in Littelfuse, Inc. by 7.8%, selling 1,545 shares, leaving it with approximately 18,250 shares valued at $4.14 million.
• Multiple institutional investors, including Wealth Enhancement Advisory Services and Harbor Capital Advisors, have significantly increased their positions in Littelfuse during the same quarter.
• Littelfuse recently upgraded its quarterly dividend from $0.70 to $0.75, which indicates a commitment to returning value to its shareholders.

Wedge Capital Management L L P NC decreased its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 7.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,250 shares of the technology company's stock after selling 1,545 shares during the period. Wedge Capital Management L L P NC owned about 0.07% of Littelfuse worth $4,138,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LFUS. Alyeska Investment Group L.P. purchased a new stake in Littelfuse during the first quarter valued at about $43,574,000. Van Lanschot Kempen Investment Management N.V. increased its position in Littelfuse by 39.9% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,215 shares of the technology company's stock valued at $121,628,000 after purchasing an additional 176,243 shares during the period. GAMMA Investing LLC raised its position in Littelfuse by 60,177.7% in the 1st quarter. GAMMA Investing LLC now owns 113,322 shares of the technology company's stock valued at $22,295,000 after buying an additional 113,134 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Littelfuse by 97.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 216,208 shares of the technology company's stock worth $42,537,000 after purchasing an additional 106,912 shares during the period. Finally, Shellback Capital LP purchased a new position in Littelfuse in the 1st quarter worth approximately $13,907,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director T J. Chung sold 2,343 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $246.11, for a total transaction of $576,635.73. Following the completion of the transaction, the director directly owned 18,730 shares in the company, valued at $4,609,640.30. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ryan K. Stafford sold 10,206 shares of Littelfuse stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $261.34, for a total value of $2,667,236.04. Following the transaction, the vice president directly owned 30,727 shares in the company, valued at approximately $8,030,194.18. The trade was a 24.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,759 shares of company stock valued at $6,697,362 over the last quarter. 2.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LFUS shares. 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 upgraded shares of Littelfuse from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $234.50.

Littelfuse Price Performance

Littelfuse stock traded up $1.54 during trading hours on Monday, reaching $264.24. 119,196 shares of the stock were exchanged, compared to its average volume of 158,304. The stock has a 50 day moving average of $252.35 and a two-hundred day moving average of $219.91. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $271.81. The company has a current ratio of 4.06, a quick ratio of 2.98 and a debt-to-equity ratio of 0.30. The company has a market cap of $6.55 billion, a P/E ratio of 55.05, 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 firm had revenue of $613.41 million during the quarter, compared to analyst estimates of $571.04 million. During the same quarter last year, the business earned $1.97 EPS. The company's revenue was up 9.8% compared to the same quarter last year. Littelfuse has set its Q3 2025 guidance at 2.650-2.850 EPS. Equities analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.75 per share. 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 of this dividend was Thursday, August 21st. Littelfuse's 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.