Sanders Morris Harris LLC Takes $575,000 Position in Littelfuse, Inc. (NASDAQ:LFUS)

Sanders Morris Harris LLC bought a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,000 shares of the technology company’s stock, valued at approximately $575,000.

A number of other institutional investors have also recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new stake in Littelfuse in the 1st quarter worth about $33,000. Parallel Advisors LLC boosted its holdings in Littelfuse by 45.3% in the 1st quarter. Parallel Advisors LLC now owns 138 shares of the technology company’s stock worth $37,000 after buying an additional 43 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in Littelfuse in the 4th quarter worth about $44,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Littelfuse by 33.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company’s stock worth $44,000 after buying an additional 50 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its holdings in Littelfuse by 96.7% in the 1st quarter. Belpointe Asset Management LLC now owns 181 shares of the technology company’s stock worth $49,000 after buying an additional 89 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Trading Down 0.4 %

LFUS opened at $252.39 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.91 and a quick ratio of 1.84. The company’s 50 day simple moving average is $273.50 and its two-hundred day simple moving average is $266.85. Littelfuse, Inc. has a 1-year low of $192.19 and a 1-year high of $309.94. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, August 1st. The technology company reported $3.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.20). Littelfuse had a return on equity of 16.06% and a net margin of 13.14%. The business had revenue of $612.00 million during the quarter, compared to analysts’ expectations of $618.83 million. Analysts expect that Littelfuse, Inc. will post 11.97 EPS for the current fiscal year.

Littelfuse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.03%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, August 23rd. Littelfuse’s dividend payout ratio (DPR) is 19.86%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Littelfuse in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Littelfuse has an average rating of “Hold” and a consensus price target of $259.00.

About Littelfuse

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The 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.