Wedge Capital Management L L P NC Sells 2,383 Shares of Littelfuse, Inc. $LFUS

Key Points

• Wedge Capital Management reduced its Littelfuse stake by 19.9% in the second quarter, selling 2,383 shares and retaining 9,581 shares valued at approximately $4.36 million. Institutional investors collectively own 96.14% of LFUS.
• Littelfuse reported strong quarterly results, with EPS of $4.19 surpassing estimates of $3.78 and revenue rising 20.4% year over year to $738.78 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $465.83.
• The company increased its quarterly dividend to $0.80 per share from $0.75, representing an annualized dividend of $3.20 and a 0.7% yield.

Wedge Capital Management L L P NC lowered its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 19.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,581 shares of the technology company's stock after selling 2,383 shares during the quarter. Wedge Capital Management L L P NC's holdings in Littelfuse were worth $4,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LFUS. Vanguard Group Inc. increased its holdings in shares of Littelfuse by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 2,969,874 shares of the technology company's stock worth $751,141,000 after purchasing an additional 44,826 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Littelfuse by 67.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,024,176 shares of the technology company's stock worth $259,035,000 after buying an additional 412,160 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its stake in Littelfuse by 3.9% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 980,498 shares of the technology company's stock valued at $247,988,000 after buying an additional 37,203 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Littelfuse by 58.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 609,966 shares of the technology company's stock valued at $154,273,000 after buying an additional 225,445 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Littelfuse by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 516,479 shares of the technology company's stock valued at $130,635,000 after buying an additional 25,860 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

Wall Street Analysts Forecast Growth

LFUS has been the topic of a number of research reports. Zacks Research downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Needham & Company LLC reissued a "buy" rating and issued a $520.00 target price on shares of Littelfuse in a report on Monday, May 18th. Williams Trading set a $520.00 price target on shares of Littelfuse in a research report on Thursday, May 7th. Finally, Oppenheimer upped their price target on shares of Littelfuse from $430.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Littelfuse presently has an average rating of "Moderate Buy" and an average target price of $465.83.

Littelfuse Stock Performance

Littelfuse stock opened at $459.01 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.76 and a quick ratio of 2.00. The firm has a market capitalization of $11.66 billion, a P/E ratio of -918.00, a price-to-earnings-growth ratio of 2.40 and a beta of 1.49. Littelfuse, Inc. has a 1-year low of $233.36 and a 1-year high of $500.57. The company's 50-day moving average is $440.54 and its 200 day moving average is $399.12.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Wednesday, July 29th. The technology company reported $4.19 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $738.78 million for the quarter, compared to analysts' expectations of $703.38 million. During the same quarter in the prior year, the firm posted $2.30 earnings per share. The company's quarterly 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 forecast that Littelfuse, Inc. will post 15.78 EPS for the current year.

Littelfuse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a $0.80 dividend. This is a boost from Littelfuse's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $3.20 annualized dividend and a yield of 0.7%. Littelfuse's dividend payout ratio is currently -640.00%.

Insider Buying and Selling at Littelfuse

In other news, SVP Maggie Chu sold 11,397 shares of the business's stock in a transaction on Wednesday, May 20th. The shares were 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 of the company's stock, valued at approximately $2,613,315.48. The trade was a 65.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony Grillo sold 3,000 shares of the company's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $451.96, for a total transaction of $1,355,880.00. Following the completion of the transaction, the director 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 1.00% of the company's stock.

Littelfuse Profile

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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