Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report)'s stock price gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $179.17, but opened at $191.31. Littelfuse shares last traded at $185.02, with a volume of 34,805 shares changing hands.
The technology company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.37. The business had revenue of $554.31 million for the quarter, compared to analysts' expectations of $537.60 million. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The business's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 EPS.
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 given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.43%. Littelfuse's payout ratio is currently 64.81%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on LFUS. Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. StockNews.com cut shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Robert W. Baird boosted their target price on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research report on Thursday. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Wednesday, April 30th. Finally, Oppenheimer cut their price target on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $252.25.
View Our Latest Research Report on Littelfuse
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Atria Wealth Solutions Inc. lifted its holdings in Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after buying an additional 50 shares during the period. Arizona State Retirement System boosted its stake in shares of Littelfuse by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock worth $1,694,000 after buying an additional 51 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Littelfuse by 1.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,142 shares of the technology company's stock valued at $1,208,000 after purchasing an additional 69 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Littelfuse by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock worth $2,529,000 after acquiring an additional 70 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Littelfuse by 30.5% in the first quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock worth $64,000 after buying an additional 76 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
Littelfuse Trading Up 1.6 %
The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The stock's 50 day moving average price is $189.90 and its 200-day moving average price is $224.58. The stock has a market capitalization of $4.84 billion, a PE ratio of 43.53, a PEG ratio of 2.24 and a beta of 1.30.
Littelfuse Company Profile
(
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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