Littelfuse, Inc. (NASDAQ:LFUS) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $285.00.

LFUS has been the subject of several research analyst reports. Robert W. Baird lifted their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. Oppenheimer upgraded shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target on the stock in a research report on Thursday, October 17th. Benchmark restated a "hold" rating on shares of Littelfuse in a report on Wednesday, October 30th. Finally, StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, October 18th.

Hedge Funds Weigh In On Littelfuse

A number of hedge funds have recently bought and sold shares of the company. Huntington National Bank raised its holdings in 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 buying an additional 64 shares during the last quarter. Truvestments Capital LLC purchased a new position in Littelfuse in the 3rd quarter worth approximately $27,000. CWM LLC boosted its stake in Littelfuse by 410.7% during the 2nd quarter. CWM LLC now owns 143 shares of the technology company's stock valued at $37,000 after purchasing an additional 115 shares during the last quarter. UMB Bank n.a. raised 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 purchasing an additional 59 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Littelfuse in the 3rd quarter worth about $53,000. Institutional investors own 96.14% of the company's stock.

Littelfuse Price Performance

Shares of Littelfuse stock traded down $3.00 on Thursday, reaching $248.79. The stock had a trading volume of 81,741 shares, compared to its average volume of 126,654. The business's 50 day moving average is $251.40 and its two-hundred day moving average is $255.37. The company has a market cap of $6.17 billion, a P/E ratio of 31.98, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26. Littelfuse has a 1 year low of $222.91 and a 1 year high of $275.58. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31.

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

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a $0.70 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.13%. Littelfuse's dividend payout ratio is currently 35.99%.

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.