Analysts Set Littelfuse, Inc. (NASDAQ:LFUS) PT at $252.25

Shares of Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $252.25.

Several equities research analysts have weighed in on the company. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Tuesday, May 6th. Oppenheimer lowered their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Wednesday, April 30th. Robert W. Baird increased their target price on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Finally, Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th.

Insider Buying and Selling at Littelfuse

In related news, SVP Deepak Nayar sold 1,477 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the sale, the senior vice president now owns 5,975 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.50% of the company's stock.

Hedge Funds Weigh In On Littelfuse

A number of institutional investors and hedge funds have recently modified their holdings of LFUS. Nuveen LLC bought a new position in Littelfuse during the first quarter worth $11,619,000. Virtu Financial LLC acquired a new position in shares of Littelfuse during the first quarter valued at about $318,000. Entropy Technologies LP boosted its position in shares of Littelfuse by 100.0% during the 1st quarter. Entropy Technologies LP now owns 3,400 shares of the technology company's stock worth $669,000 after purchasing an additional 1,700 shares in the last quarter. Townsquare Capital LLC increased its position in Littelfuse by 10.2% in the 1st quarter. Townsquare Capital LLC now owns 7,340 shares of the technology company's stock valued at $1,444,000 after buying an additional 678 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in Littelfuse in the first quarter worth approximately $1,316,000. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Price Performance

Shares of NASDAQ LFUS traded up $20.15 during midday trading on Friday, reaching $217.72. The company's stock had a trading volume of 393,122 shares, compared to its average volume of 157,856. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The company has a market cap of $5.38 billion, a P/E ratio of 48.38, a P/E/G ratio of 2.24 and a beta of 1.38. The business's 50 day moving average price is $186.43 and its two-hundred day moving average price is $222.45. Littelfuse has a fifty-two week low of $142.10 and a fifty-two week high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.37. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The firm had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. During the same period in the prior year, the company posted $1.76 EPS. The company's revenue was up 3.5% compared to the same quarter last year. On average, analysts forecast that Littelfuse will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

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

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.