Littelfuse, Inc. (LFUS) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is broadly positive: Six analysts give Littelfuse a consensus “Buy” rating (four Buy, one Strong Buy, and one Hold), with an average 12-month price target of $465.83.
• Quarterly results beat expectations: Littelfuse reported earnings of $5.79 per share versus estimates of $4.97, while revenue rose 22.7% year over year to $795.2 million.
• A senior vice president sold 1,493 shares at an average price of $404.57, reducing his direct holdings by 24.03%; insiders collectively own 1% of the company.

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) has been assigned a consensus rating of "Buy" from the six analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $465.83.

Several analysts recently weighed in on LFUS shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Littelfuse in a research note on Wednesday, October 28th. Zacks Research raised Littelfuse from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 30th. Oppenheimer reissued an "outperform" rating on shares of Littelfuse in a report on Thursday, October 29th. Finally, Needham & Company LLC restated a "buy" rating and issued a $520.00 price target on shares of Littelfuse in a research note on Wednesday, October 28th.

Insider Activity

In other news, SVP David Ruppel sold 1,493 shares of the stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $404.57, for a total value of $604,023.01. Following the completion of the transaction, the senior vice president directly owned 4,720 shares in the company, valued at approximately $1,909,570.40. This represents a 24.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LFUS. Versant Capital Management Inc grew its holdings in Littelfuse by 168.0% during the 3rd quarter. Versant Capital Management Inc now owns 67 shares of the technology company's stock worth $28,000 after acquiring an additional 42 shares during the last quarter. Caitlin John LLC acquired a new position in shares of Littelfuse during the second quarter worth $33,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Littelfuse in the second quarter worth $51,000. Root Financial Partners LLC acquired a new stake in Littelfuse in the third quarter valued at $51,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Littelfuse during the 1st quarter worth about $68,000. Institutional investors and hedge funds own 96.14% of the company's stock.

Littelfuse Trading Up 4.6%

Shares of LFUS opened at $412.68 on Wednesday. Littelfuse has a 52-week low of $233.36 and a 52-week high of $500.57. The business's fifty day moving average is $409.43 and its 200-day moving average is $400.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.01 and a current ratio of 2.67. The firm has a market cap of $10.48 billion, a price-to-earnings ratio of 338.27, a PEG ratio of 1.79 and a beta of 1.50.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The technology company reported $5.79 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.82. Littelfuse had a return on equity of 15.86% and a net margin of 1.37%. The company had revenue of $795.20 million during the quarter, compared to analysts' expectations of $792.49 million. During the same quarter in the previous year, the firm earned $2.77 EPS. Littelfuse's revenue was up 22.7% on a year-over-year basis. Equities analysts anticipate that Littelfuse will post 18.37 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, November 19th. This represents a $3.20 annualized dividend and a dividend yield of 0.8%. Littelfuse's dividend payout ratio is 262.30%.

About Littelfuse

Littelfuse, Inc is a diversified industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes fuses and other circuit-protection devices, power semiconductor products, relays, switches, sensors and related electronic components.

The company serves customers in the automotive, commercial vehicle, industrial, electronics, energy and communications markets. Its products are used in applications such as vehicle electrification, battery systems, industrial equipment, power distribution, renewable energy systems, data infrastructure and consumer electronics.

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