Brokerages Set Littelfuse, Inc. (NASDAQ:LFUS) Price Target at $285.00

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $285.00.

A number of equities research analysts have weighed in on the stock. Oppenheimer upgraded shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price objective on the stock in a report on Thursday, October 17th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th.

Insider Activity at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now owns 3,105 shares of the company's stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Littelfuse

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank increased its stake in shares of Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company's stock worth $25,000 after purchasing an additional 64 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Littelfuse in the third quarter valued at about $27,000. UMB Bank n.a. boosted its stake in shares of Littelfuse by 70.2% in the third quarter. UMB Bank n.a. now owns 143 shares of the technology company's stock worth $38,000 after acquiring an additional 59 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Littelfuse during the third quarter worth about $53,000. Finally, GAMMA Investing LLC raised its stake in Littelfuse by 41.8% during the 3rd quarter. GAMMA Investing LLC now owns 234 shares of the technology company's stock valued at $62,000 after purchasing an additional 69 shares during the period. Institutional investors own 96.14% of the company's stock.

Littelfuse Stock Up 0.9 %

Littelfuse stock traded up $2.13 during trading hours on Monday, hitting $240.96. 107,492 shares of the stock traded hands, compared to its average volume of 106,997. Littelfuse has a one year low of $222.91 and a one year high of $275.58. The firm's 50-day moving average price is $245.13 and its two-hundred day moving average price is $253.28. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.98 billion, a PE ratio of 30.97, a PEG ratio of 2.42 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.62. The company had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm's revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.97 earnings per share. On average, research analysts forecast that Littelfuse will post 8.47 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 annualized dividend and a yield of 1.16%. Littelfuse's payout ratio is 35.99%.

About Littelfuse

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.