XTX Topco Ltd Takes $1.33 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

Key Points

• XTX Topco Ltd has acquired 6,752 shares of Littelfuse, Inc., valued at approximately $1.3 million, showing investor confidence in the company.
• Littelfuse increased its quarterly dividend to $0.75, representing a $3.00 annual payout, reflecting the company's strong performance and commitment to returning capital to shareholders.
• The company's latest earnings report exceeded expectations with an EPS of $2.85, compared to an anticipated $2.35, and a revenue increase of nearly 10% year-over-year.

XTX Topco Ltd purchased a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,752 shares of the technology company's stock, valued at approximately $1,328,000.

Other hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. raised its stake in shares of Littelfuse by 228.2% in the first quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock valued at $25,000 after buying an additional 89 shares during the period. Fifth Third Bancorp raised its stake in shares of Littelfuse by 30.5% in the first quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock valued at $64,000 after buying an additional 76 shares during the period. Parallel Advisors LLC raised its stake in shares of Littelfuse by 105.6% in the first quarter. Parallel Advisors LLC now owns 333 shares of the technology company's stock valued at $66,000 after buying an additional 171 shares during the period. Global X Japan Co. Ltd. raised its stake in shares of Littelfuse by 33.5% in the first quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company's stock valued at $68,000 after buying an additional 87 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Littelfuse by 5,642.9% in the first quarter. Farther Finance Advisors LLC now owns 402 shares of the technology company's stock valued at $78,000 after buying an additional 395 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Price Performance

Littelfuse stock traded down $6.42 during midday trading on Friday, hitting $250.91. 279,644 shares of the company's stock were exchanged, compared to its average volume of 190,788. Littelfuse, Inc. has a 52-week low of $142.10 and a 52-week high of $275.56. The stock has a 50-day moving average price of $226.74 and a two-hundred day moving average price of $214.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.75 and a current ratio of 4.06. The company has a market cap of $6.22 billion, a P/E ratio of 52.27, a PEG ratio of 2.28 and a beta of 1.41.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.35 by $0.50. Littelfuse had a return on equity of 9.74% and a net margin of 5.30%. The business had revenue of $613.41 million during the quarter, compared to analysts' expectations of $571.04 million. During the same period in the previous year, the business earned $1.97 earnings per share. The firm's revenue was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.2%. This is an increase from Littelfuse's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, August 21st. Littelfuse's dividend payout ratio is presently 58.33%.

Insider Transactions at Littelfuse

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the completion of the sale, the senior vice president owned 5,975 shares of the company's stock, valued at $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LFUS has been the subject of several recent research reports. Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Oppenheimer reduced their price target on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Robert W. Baird lifted their price target on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Benchmark reiterated a "hold" rating on shares of Littelfuse in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $249.67.

Littelfuse Company 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.