Littelfuse (NASDAQ:LFUS) Price Target Raised to $295.00

Littelfuse (NASDAQ:LFUSGet Rating) had its target price increased by Jefferies Financial Group from $254.00 to $295.00 in a research report released on Tuesday morning, The Fly reports.

A number of other research firms have also recently issued reports on LFUS. Cowen cut Littelfuse from an outperform rating to a market perform rating and cut their price target for the company from $295.00 to $225.00 in a report on Thursday, November 3rd. Benchmark initiated coverage on shares of Littelfuse in a report on Wednesday, September 21st. They issued a hold rating for the company. Robert W. Baird decreased their price objective on Littelfuse from $272.00 to $245.00 and set a neutral rating on the stock in a research report on Friday, September 16th. Cowen downgraded shares of Littelfuse from an outperform rating to a market perform rating and cut their target price for the company from $295.00 to $225.00 in a research report on Thursday, November 3rd. Finally, Stifel Nicolaus cut their price objective on shares of Littelfuse from $270.00 to $216.00 and set a hold rating on the stock in a report on Monday, October 10th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $241.20.

Littelfuse Stock Up 2.1 %

NASDAQ LFUS opened at $243.96 on Tuesday. The stock’s 50 day simple moving average is $214.89 and its 200 day simple moving average is $239.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.19 and a quick ratio of 1.99. Littelfuse has a one year low of $192.19 and a one year high of $326.82. The firm has a market cap of $6.04 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 24th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Tuesday, November 22nd. Littelfuse’s dividend payout ratio is 18.07%.

Insider Activity at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 300 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $236.14, for a total value of $70,842.00. Following the sale, the chief accounting officer now owns 2,563 shares of the company’s stock, valued at $605,226.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Jeffrey G. Gorski sold 300 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $236.14, for a total transaction of $70,842.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,563 shares in the company, valued at approximately $605,226.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Matthew Cole sold 900 shares of Littelfuse stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $219.28, for a total value of $197,352.00. Following the completion of the sale, the senior vice president now directly owns 5,174 shares in the company, valued at approximately $1,134,554.72. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Institutional Trading of Littelfuse

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Littelfuse by 0.8% during the third quarter. Vanguard Group Inc. now owns 2,506,181 shares of the technology company’s stock worth $497,953,000 after buying an additional 20,538 shares during the last quarter. BlackRock Inc. boosted its position in Littelfuse by 1.8% during the first quarter. BlackRock Inc. now owns 2,040,384 shares of the technology company’s stock worth $508,893,000 after purchasing an additional 37,011 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Littelfuse by 0.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 954,239 shares of the technology company’s stock worth $189,599,000 after buying an additional 5,153 shares during the period. Impax Asset Management Group plc raised its holdings in Littelfuse by 9.2% in the 3rd quarter. Impax Asset Management Group plc now owns 904,217 shares of the technology company’s stock valued at $178,852,000 after acquiring an additional 75,873 shares during the period. Finally, Mairs & Power Inc. boosted its stake in Littelfuse by 4.1% in the 1st quarter. Mairs & Power Inc. now owns 835,547 shares of the technology company’s stock valued at $208,394,000 after purchasing an additional 32,923 shares during the period. Institutional investors and hedge funds own 95.45% of the company’s stock.

Littelfuse Company Profile

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Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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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