Littelfuse (NASDAQ:LFUS) Hits New 1-Year Low - Here's What Happened

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $190.84 and last traded at $196.63, with a volume of 289290 shares traded. The stock had previously closed at $193.09.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LFUS shares. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. Robert W. Baird decreased their price target on Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Finally, StockNews.com downgraded Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Littelfuse has an average rating of "Moderate Buy" and a consensus price target of $280.00.

Littelfuse Stock Up 4.9 %

The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average price is $221.74 and its 200-day moving average price is $238.25. The company has a market cap of $3.96 billion, a P/E ratio of 35.56, a PEG ratio of 2.24 and a beta of 1.30.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share 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 company posted $2.02 EPS. As a group, research analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.70 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.75%. Littelfuse's dividend payout ratio (DPR) is presently 62.22%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. FMR LLC lifted its position in Littelfuse by 0.6% in the 3rd quarter. FMR LLC now owns 24,473 shares of the technology company's stock valued at $6,491,000 after acquiring an additional 137 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Littelfuse by 14.7% in the third quarter. BNP Paribas Financial Markets now owns 2,848 shares of the technology company's stock valued at $755,000 after purchasing an additional 366 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Littelfuse by 6.5% during the third quarter. Captrust Financial Advisors now owns 1,488 shares of the technology company's stock valued at $395,000 after buying an additional 91 shares during the last quarter. HighTower Advisors LLC grew its holdings in Littelfuse by 4.4% during the third quarter. HighTower Advisors LLC now owns 3,158 shares of the technology company's stock worth $839,000 after buying an additional 134 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Littelfuse by 26.6% during the third quarter. Quantinno Capital Management LP now owns 2,058 shares of the technology company's stock worth $546,000 after buying an additional 433 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

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.