Shares of Littelfuse, Inc. (NASDAQ:LFUS) have been given a consensus rating of “Hold” by the nine ratings firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $217.00.
Several brokerages recently commented on LFUS. BidaskClub upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research cut shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. ValuEngine upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Thursday, May 3rd. Finally, Barrington Research restated a “hold” rating on shares of Littelfuse in a report on Tuesday, May 1st.
Shares of LFUS stock opened at $212.88 on Friday. The company has a quick ratio of 2.68, a current ratio of 3.68 and a debt-to-equity ratio of 0.52. Littelfuse has a 12-month low of $157.91 and a 12-month high of $226.33. The firm has a market cap of $5.37 billion, a PE ratio of 27.50, a P/E/G ratio of 1.88 and a beta of 1.00.
Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, May 2nd. The technology company reported $2.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.58. Littelfuse had a net margin of 8.62% and a return on equity of 18.83%. The business had revenue of $417.81 million during the quarter, compared to analysts’ expectations of $391.22 million. During the same quarter in the prior year, the company posted $1.69 earnings per share. The firm’s revenue was up 46.4% on a year-over-year basis. research analysts anticipate that Littelfuse will post 9.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 24th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, May 23rd. Littelfuse’s dividend payout ratio is currently 19.12%.
In other Littelfuse news, EVP Ryan K. Stafford sold 8,027 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $223.36, for a total value of $1,792,910.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David W. Heinzmann sold 11,100 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $212.00, for a total transaction of $2,353,200.00. Following the completion of the sale, the chief executive officer now owns 47,041 shares of the company’s stock, valued at approximately $9,972,692. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,526 shares of company stock valued at $12,601,426. Corporate insiders own 3.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in LFUS. Summit Trail Advisors LLC lifted its stake in Littelfuse by 12,458.6% in the first quarter. Summit Trail Advisors LLC now owns 126,088 shares of the technology company’s stock valued at $126,000 after acquiring an additional 125,084 shares during the last quarter. Intrust Bank NA acquired a new stake in Littelfuse in the first quarter valued at $203,000. Cigna Investments Inc. New acquired a new stake in Littelfuse in the first quarter valued at $205,000. Zeke Capital Advisors LLC acquired a new stake in Littelfuse in the fourth quarter valued at $210,000. Finally, Advisor Partners LLC acquired a new stake in Littelfuse in the fourth quarter valued at $212,000. Hedge funds and other institutional investors own 98.01% of the company’s stock.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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