Allworth Financial LP boosted its position in Littelfuse, Inc. (NASDAQ:LFUS – Get Rating) by 11,300.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 114 shares of the technology company's stock after purchasing an additional 113 shares during the period. Allworth Financial LP's holdings in Littelfuse were worth $29,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of LFUS. CWM LLC lifted its position in shares of Littelfuse by 361.5% during the first quarter. CWM LLC now owns 120 shares of the technology company's stock worth $30,000 after acquiring an additional 94 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Littelfuse during the first quarter worth $33,000. Parkside Financial Bank & Trust lifted its position in shares of Littelfuse by 74.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 166 shares of the technology company's stock worth $52,000 after acquiring an additional 71 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Littelfuse by 85.1% during the first quarter. Massmutual Trust Co. FSB ADV now owns 359 shares of the technology company's stock worth $90,000 after acquiring an additional 165 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Littelfuse by 91.0% during the first quarter. Covestor Ltd now owns 384 shares of the technology company's stock worth $96,000 after acquiring an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 95.45% of the company's stock.
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Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Friday, September 2nd. Robert W. Baird decreased their price target on shares of Littelfuse from $272.00 to $245.00 and set a "neutral" rating on the stock in a report on Friday, September 16th. Finally, Benchmark assumed coverage on shares of Littelfuse in a report on Wednesday, September 21st. They issued a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Littelfuse currently has an average rating of "Hold" and an average price target of $288.33.
Littelfuse Stock Up 0.3 %
LFUS opened at $203.88 on Friday. The stock has a market cap of $5.05 billion, a PE ratio of 14.62, a P/E/G ratio of 0.99 and a beta of 1.18. The company has a quick ratio of 3.07, a current ratio of 4.31 and a debt-to-equity ratio of 0.43. Littelfuse, Inc. has a 52 week low of $194.72 and a 52 week high of $334.84. The business's fifty day simple moving average is $238.92 and its 200 day simple moving average is $246.15.
Littelfuse Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Thursday, August 25th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Wednesday, August 24th. This is a boost from Littelfuse's previous quarterly dividend of $0.53. Littelfuse's dividend payout ratio is currently 17.20%.
Littelfuse Profile
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Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.
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