Littelfuse, Inc. (NASDAQ:LFUS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Littelfuse, Inc. (NASDAQ:LFUS) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $280.00.

A number of brokerages have recently issued reports on LFUS. Robert W. Baird dropped their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday.

Insiders Place Their Bets

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now owns 3,105 shares in the company, valued at approximately $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of Littelfuse by 32.0% in the third quarter. Creative Planning now owns 3,567 shares of the technology company’s stock valued at $946,000 after purchasing an additional 865 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Littelfuse by 2.5% in the third quarter. Raymond James & Associates now owns 52,126 shares of the technology company’s stock valued at $13,826,000 after purchasing an additional 1,252 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Littelfuse by 17.5% in the third quarter. Signaturefd LLC now owns 551 shares of the technology company’s stock valued at $146,000 after purchasing an additional 82 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Littelfuse by 1.2% in the third quarter. State of Alaska Department of Revenue now owns 16,956 shares of the technology company’s stock valued at $4,497,000 after purchasing an additional 195 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in shares of Littelfuse by 1.4% in the third quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Littelfuse Trading Down 1.0 %

NASDAQ LFUS opened at $232.11 on Tuesday. The business’s 50-day moving average price is $237.90 and its two-hundred day moving average price is $248.49. Littelfuse has a 12 month low of $222.73 and a 12 month high of $275.58. The firm has a market capitalization of $5.76 billion, a PE ratio of 51.58, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same period last year, the firm posted $2.02 EPS. On average, analysts expect that Littelfuse will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be issued a $0.70 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.21%. Littelfuse’s payout ratio is currently 62.22%.

About Littelfuse

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.