Tyers Asset Management LLC grew its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 30.3% during the second quarter, HoldingsChannel reports. The fund owned 5,292 shares of the technology company’s stock after acquiring an additional 1,232 shares during the quarter. Tyers Asset Management LLC’s holdings in Littelfuse were worth $936,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its holdings in shares of Littelfuse by 9.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 696 shares of the technology company’s stock valued at $123,000 after acquiring an additional 59 shares during the period. Connable Office Inc. grew its stake in Littelfuse by 3.5% during the 1st quarter. Connable Office Inc. now owns 2,036 shares of the technology company’s stock worth $372,000 after buying an additional 68 shares during the last quarter. First Bank & Trust grew its stake in Littelfuse by 9.0% during the 2nd quarter. First Bank & Trust now owns 1,014 shares of the technology company’s stock worth $179,000 after buying an additional 84 shares during the last quarter. TD Asset Management Inc. grew its stake in Littelfuse by 3.5% during the 2nd quarter. TD Asset Management Inc. now owns 2,968 shares of the technology company’s stock worth $525,000 after buying an additional 100 shares during the last quarter. Finally, FDx Advisors Inc. grew its stake in Littelfuse by 9.2% during the 2nd quarter. FDx Advisors Inc. now owns 1,220 shares of the technology company’s stock worth $216,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 99.73% of the company’s stock.
Littelfuse stock traded down $1.19 during trading hours on Thursday, hitting $180.75. 104,561 shares of the stock traded hands, compared to its average volume of 167,307. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.90 and a quick ratio of 2.95. The firm’s 50 day moving average price is $162.96 and its 200-day moving average price is $177.30. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 2.29 and a beta of 1.09. Littelfuse, Inc. has a 1 year low of $149.80 and a 1 year high of $225.70.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.06%. The ex-dividend date was Wednesday, August 21st. This is an increase from Littelfuse’s previous quarterly dividend of $0.43. Littelfuse’s payout ratio is presently 20.34%.
LFUS has been the topic of several research analyst reports. BidaskClub upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Thursday. Barrington Research restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, May 29th. ValuEngine upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research downgraded Littelfuse from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Finally, Cowen restated an “outperform” rating and set a $200.00 target price (down from $210.00) on shares of Littelfuse in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $207.33.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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