Shares of Littelfuse, Inc. (NASDAQ:LFUS) have been given a consensus rating of “Hold” by the ten research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $208.80.
A number of analysts recently issued reports on LFUS shares. BidaskClub raised Littelfuse from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Cowen reissued an “outperform” rating and set a $200.00 price objective (down previously from $210.00) on shares of Littelfuse in a research report on Thursday, August 1st. Zacks Investment Research cut Littelfuse from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. ValuEngine cut Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Oppenheimer reduced their price objective on Littelfuse from $215.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd.
LFUS traded up $1.34 during trading on Wednesday, reaching $160.28. 14,621 shares of the stock traded hands, compared to its average volume of 262,022. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.93 and a beta of 1.07. Littelfuse has a fifty-two week low of $149.80 and a fifty-two week high of $228.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.90 and a quick ratio of 2.95. The stock’s 50-day simple moving average is $169.06 and its two-hundred day simple moving average is $179.88.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.91. The firm had revenue of $397.00 million during the quarter, compared to analysts’ expectations of $397.98 million. Littelfuse had a return on equity of 13.82% and a net margin of 10.15%. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.68 earnings per share. Research analysts anticipate that Littelfuse will post 6.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd will be issued a dividend of $0.48 per share. This is a positive change from Littelfuse’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, August 21st. Littelfuse’s dividend payout ratio (DPR) is 18.22%.
In other Littelfuse news, SVP Ian Highley sold 986 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $165.79, for a total transaction of $163,468.94. Following the transaction, the senior vice president now directly owns 1,839 shares in the company, valued at $304,887.81. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of LFUS. Summit Creek Advisors LLC increased its stake in shares of Littelfuse by 0.3% in the second quarter. Summit Creek Advisors LLC now owns 72,735 shares of the technology company’s stock worth $12,868,000 after purchasing an additional 210 shares during the period. GYL Financial Synergies LLC bought a new position in shares of Littelfuse in the first quarter worth about $1,583,000. Dundas Partners LLP increased its stake in shares of Littelfuse by 2.0% in the second quarter. Dundas Partners LLP now owns 52,379 shares of the technology company’s stock worth $9,265,000 after purchasing an additional 1,010 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Littelfuse by 5.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 14,517 shares of the technology company’s stock worth $2,650,000 after purchasing an additional 685 shares during the period. Finally, Hamilton Point Investment Advisors LLC increased its stake in shares of Littelfuse by 0.9% in the second quarter. Hamilton Point Investment Advisors LLC now owns 33,266 shares of the technology company’s stock worth $5,885,000 after purchasing an additional 284 shares during the period. Institutional investors own 98.86% of the company’s stock.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and 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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