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

Shares of Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) have earned a consensus recommendation of "Hold" from the six research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $252.25.

Several brokerages have commented on LFUS. Oppenheimer dropped their price objective on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Wall Street Zen raised Littelfuse from a "hold" rating to a "buy" 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, Robert W. Baird lifted their price target on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st.

Littelfuse Stock Down 0.4%

Shares of LFUS stock opened at $225.65 on Monday. The stock has a 50 day moving average of $206.31 and a 200 day moving average of $214.58. The company has a current ratio of 3.88, a quick ratio of 2.75 and a debt-to-equity ratio of 0.32. The stock has a market cap of $5.58 billion, a P/E ratio of 52.23, a P/E/G ratio of 2.05 and a beta of 1.38. Littelfuse has a twelve month low of $142.10 and a twelve month high of $275.58.

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 for the quarter, beating the consensus estimate of $1.82 by $0.37. Littelfuse had a return on equity of 9.00% and a net margin of 4.89%. The company had revenue of $554.31 million during the quarter, compared to analysts' expectations of $537.60 million. During the same period last year, the business earned $1.76 earnings per share. Littelfuse's quarterly revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts expect that Littelfuse will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, May 22nd. Littelfuse's dividend payout ratio (DPR) is currently 64.81%.

Insiders Place Their Bets

In other news, SVP Deepak Nayar sold 1,477 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the transaction, the senior vice president now owns 5,975 shares of the company's stock, valued at $1,180,062.50. This represents a 19.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Littelfuse

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Littelfuse by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company's stock valued at $73,649,000 after purchasing an additional 8,588 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Littelfuse by 806.0% in the 4th quarter. Millennium Management LLC now owns 19,253 shares of the technology company's stock valued at $4,537,000 after purchasing an additional 17,128 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock valued at $225,000 after buying an additional 50 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Littelfuse in the 4th quarter valued at $5,892,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Littelfuse by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company's stock valued at $61,293,000 after buying an additional 18,013 shares during the period. Institutional investors and hedge funds 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.

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