StockNews.com upgraded shares of Littelfuse (NASDAQ:LFUS - Free Report) from a hold rating to a buy rating in a report released on Wednesday.
A number of other research firms also recently commented on LFUS. Robert W. Baird reduced their target price on Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Littelfuse has a consensus rating of "Moderate Buy" and a consensus target price of $280.00.
Check Out Our Latest Research Report on Littelfuse
Littelfuse Stock Performance
Shares of LFUS traded down $2.25 during mid-day trading on Wednesday, hitting $232.11. 210,792 shares of the company's stock were exchanged, compared to its average volume of 162,249. The business's 50 day moving average is $237.90 and its two-hundred day moving average is $248.46. Littelfuse has a fifty-two week low of $222.73 and a fifty-two week high of $275.58. The firm has a market capitalization of $5.76 billion, a P/E ratio of 51.58, a P/E/G ratio of 2.24 and a beta of 1.26. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.
Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting 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 in the prior year, the business earned $2.02 EPS. On average, equities analysts expect that Littelfuse will post 9.49 earnings per share for the current year.
Littelfuse Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 20th. Littelfuse's dividend payout ratio (DPR) is 62.22%.
Insider Transactions at Littelfuse
In other news, CAO Jeffrey G. Gorski sold 700 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,105 shares of the company's stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company's stock.
Institutional Investors Weigh In On Littelfuse
Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its holdings in shares of Littelfuse by 126.9% in the third quarter. Jane Street Group LLC now owns 11,418 shares of the technology company's stock worth $3,029,000 after acquiring an additional 6,386 shares during the last quarter. Chesapeake Capital Corp IL acquired a new position in Littelfuse in the 3rd quarter valued at about $570,000. Thrivent Financial for Lutherans lifted its holdings in Littelfuse by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company's stock valued at $73,781,000 after purchasing an additional 3,831 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of Littelfuse by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after purchasing an additional 50 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Littelfuse by 3.9% during the third quarter. New York State Common Retirement Fund now owns 141,157 shares of the technology company's stock worth $37,442,000 after buying an additional 5,344 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.
About Littelfuse
(
Get Free Report)
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.
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