Littelfuse (NASDAQ:LFUS) Receives "Hold" Rating from Benchmark

Benchmark reaffirmed their hold rating on shares of Littelfuse (NASDAQ:LFUS - Free Report) in a report released on Thursday,Benzinga reports.

Several other equities analysts also recently weighed in on the stock. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Robert W. Baird cut their price objective on Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $258.00.

Littelfuse Stock Performance

Shares of NASDAQ LFUS traded down $3.83 during mid-day trading on Thursday, hitting $155.45. 99,963 shares of the company were exchanged, compared to its average volume of 145,109. Littelfuse has a 1-year low of $142.10 and a 1-year high of $275.58. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $211.01 and a 200-day simple moving average of $233.31.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued 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 in the prior year, the business posted $2.02 earnings per share. On average, sell-side analysts forecast that Littelfuse will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

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 $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse's dividend payout ratio (DPR) is currently 62.22%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LFUS. GAMMA Investing LLC raised its stake in shares of Littelfuse by 206.4% in the 1st quarter. GAMMA Investing LLC now owns 576 shares of the technology company's stock valued at $113,000 after acquiring an additional 388 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Littelfuse by 4.1% in the first quarter. Harbor Capital Advisors Inc. now owns 5,787 shares of the technology company's stock worth $1,139,000 after buying an additional 227 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Littelfuse by 5,642.9% in the first quarter. Farther Finance Advisors LLC now owns 402 shares of the technology company's stock valued at $78,000 after buying an additional 395 shares in the last quarter. Park Avenue Securities LLC lifted its position in Littelfuse by 13.4% during the 1st quarter. Park Avenue Securities LLC now owns 3,224 shares of the technology company's stock worth $634,000 after acquiring an additional 380 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Littelfuse by 126.5% in the first quarter. UMB Bank n.a. now owns 410 shares of the technology company's stock valued at $81,000 after purchasing an additional 229 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

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.