Littelfuse, Inc. (NASDAQ:LFUS) Receives Average Rating of "Hold" from Analysts

Shares of Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) have been given an average rating of "Hold" by the six analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $252.25.

Several equities analysts have recently issued reports on LFUS shares. Oppenheimer decreased their price target on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Robert W. Baird upped their target price on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Wall Street Zen lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Friday. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Finally, Baird R W lowered shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th.

Littelfuse Trading Up 1.6%

LFUS stock traded up $3.51 during trading on Thursday, hitting $217.69. The company had a trading volume of 102,011 shares, compared to its average volume of 163,317. The firm has a 50-day moving average price of $187.32 and a 200-day moving average price of $217.23. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 48.38, a PEG ratio of 2.24 and a beta of 1.38. Littelfuse has a 12 month low of $142.10 and a 12 month high of $275.58. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.37. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The company had revenue of $554.31 million during the quarter, compared to analyst estimates of $537.60 million. During the same quarter in the previous year, the business earned $1.76 EPS. The firm's revenue was up 3.5% on a year-over-year basis. As a group, analysts predict that Littelfuse will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, May 22nd. Littelfuse's payout ratio is presently 64.81%.

Insider Buying and Selling

In other news, SVP Deepak Nayar sold 1,477 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $197.50, for a total transaction of $291,707.50. Following the completion of the transaction, the senior vice president now directly owns 5,975 shares in the company, valued at $1,180,062.50. This represents a 19.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.50% of the company's stock.

Hedge Funds Weigh In On Littelfuse

Large investors have recently modified their holdings of the business. Quent Capital LLC boosted its stake in shares of Littelfuse by 525.0% during the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company's stock worth $29,000 after buying an additional 105 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Littelfuse by 228.2% during the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock worth $25,000 after buying an additional 89 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of Littelfuse during the 1st quarter worth about $29,000. Bank of Jackson Hole Trust acquired a new position in shares of Littelfuse during the 4th quarter worth about $40,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Littelfuse by 548.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock valued at $44,000 after purchasing an additional 159 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.