Littelfuse (NASDAQ:LFUS) Reaches New 12-Month Low - Should You Sell?

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $200.56 and last traded at $201.79, with a volume of 37505 shares changing hands. The stock had previously closed at $210.03.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, January 29th. Robert W. Baird lowered 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 lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $280.00.

Littelfuse Stock Down 1.9 %

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 firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 42.91, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The firm has a 50 day moving average price of $227.91 and a two-hundred day moving average price of $241.13.

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

Littelfuse Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.45%. The ex-dividend date was Thursday, February 20th. Littelfuse's dividend payout ratio (DPR) is presently 62.22%.

Institutional Trading of Littelfuse

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in Littelfuse by 126.9% during the 3rd quarter. Jane Street Group LLC now owns 11,418 shares of the technology company's stock valued at $3,029,000 after purchasing an additional 6,386 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Littelfuse by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company's stock valued at $73,649,000 after acquiring an additional 8,588 shares in the last quarter. Atria Wealth Solutions Inc. increased 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. Proficio Capital Partners LLC acquired a new position in shares of Littelfuse in the fourth quarter worth about $5,892,000. Finally, Bank of New York Mellon Corp boosted its holdings in Littelfuse by 7.4% in the fourth quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company's stock valued at $61,293,000 after purchasing an additional 18,013 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

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.