Littelfuse, Inc. (NASDAQ:LFUS) Given Average Rating of "Hold" by Brokerages

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) has received an average rating of "Hold" from the six brokerages that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $258.00.

A number of analysts have recently issued reports on LFUS shares. Robert W. Baird restated a "neutral" rating and issued a $182.00 target price (down previously from $225.00) on shares of Littelfuse in a report on Tuesday, April 15th. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Thursday, April 10th. StockNews.com cut Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th.

Hedge Funds Weigh In On Littelfuse

A number of large investors have recently modified their holdings of the stock. Atria Wealth Solutions Inc. raised its position in shares of Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after acquiring an additional 50 shares during the last quarter. Arizona State Retirement System increased its position in Littelfuse by 0.7% in the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock worth $1,694,000 after purchasing an additional 51 shares during the period. Treasurer of the State of North Carolina lifted its position in Littelfuse by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock valued at $2,529,000 after purchasing an additional 70 shares during the period. Fifth Third Bancorp grew its position in shares of Littelfuse by 30.5% during the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock worth $64,000 after buying an additional 76 shares during the period. Finally, Assetmark Inc. lifted its holdings in Littelfuse by 11.4% in the fourth quarter. Assetmark Inc. now owns 801 shares of the technology company's stock valued at $189,000 after buying an additional 82 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Price Performance

Shares of NASDAQ:LFUS traded up $1.51 during trading on Wednesday, reaching $153.89. The company had a trading volume of 376,088 shares, compared to its average volume of 147,858. The firm's fifty day moving average is $204.50 and its 200 day moving average is $230.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The firm has a market capitalization of $3.80 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. Littelfuse has a twelve month low of $142.10 and a twelve month high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same quarter last year, the company earned $2.02 EPS. On average, equities analysts forecast that Littelfuse will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse's dividend payout ratio (DPR) is currently 62.22%.

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.