Other equities analysts have also recently issued research reports about the company. Cowen reiterated an outperform rating and issued a $200.00 price target (down previously from $210.00) on shares of Littelfuse in a report on Thursday, August 1st. Robert W. Baird cut Littelfuse from an outperform rating to a neutral rating and decreased their price target for the company from $193.00 to $171.00 in a report on Thursday, August 1st. Barrington Research reiterated a hold rating on shares of Littelfuse in a report on Wednesday, May 29th. Zacks Investment Research cut Littelfuse from a hold rating to a sell rating in a report on Tuesday, July 16th. Finally, ValuEngine upgraded Littelfuse from a hold rating to a buy rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $207.33.
Littelfuse stock traded up $2.27 during mid-day trading on Thursday, hitting $183.10. The stock had a trading volume of 153,405 shares, compared to its average volume of 167,565. The stock has a 50-day simple moving average of $162.96 and a two-hundred day simple moving average of $177.30. The stock has a market capitalization of $4.29 billion, a PE ratio of 19.40, a P/E/G ratio of 2.34 and a beta of 1.09. Littelfuse has a 12 month low of $149.80 and a 12 month high of $225.70. The company has a current ratio of 3.90, a quick ratio of 2.95 and a debt-to-equity ratio of 0.46.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.91. The business had revenue of $397.00 million for 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 firm’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.68 earnings per share. Sell-side analysts expect that Littelfuse will post 6.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were paid a $0.48 dividend. This is a positive change from Littelfuse’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.92 annualized dividend and a yield of 1.05%. Littelfuse’s dividend payout ratio is presently 20.34%.
Large investors have recently added to or reduced their stakes in the business. Manchester Capital Management LLC acquired a new position in Littelfuse in the first quarter valued at about $30,000. Quantamental Technologies LLC acquired a new position in Littelfuse in the first quarter valued at about $33,000. Doyle Wealth Management acquired a new position in Littelfuse in the second quarter valued at about $35,000. Icon Wealth Partners LLC acquired a new position in Littelfuse in the first quarter valued at about $46,000. Finally, Institutional & Family Asset Management LLC lifted its stake in Littelfuse by 243.9% in the first quarter. Institutional & Family Asset Management LLC now owns 282 shares of the technology company’s stock valued at $51,000 after buying an additional 200 shares during the period. 99.73% of the stock is currently owned by hedge funds and other institutional investors.
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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