Littelfuse, Inc. (NASDAQ:LFUS) Given Consensus Rating of “Hold” by Brokerages

Shares of Littelfuse, Inc. (NASDAQ:LFUS – Get Rating) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is $259.00.

Several equities research analysts have weighed in on LFUS shares. Robert W. Baird increased their price target on Littelfuse from $260.00 to $285.00 in a research report on Thursday, May 11th. StockNews.com assumed coverage on Littelfuse in a research report on Thursday. They set a “hold” rating on the stock. Finally, Stifel Nicolaus increased their target price on shares of Littelfuse from $240.00 to $265.00 in a research note on Thursday, May 4th.

Littelfuse Price Performance

NASDAQ LFUS opened at $268.11 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.70 and a quick ratio of 1.62. The stock’s fifty day moving average price is $255.97 and its 200 day moving average price is $248.46. Littelfuse has a 1 year low of $192.19 and a 1 year high of $281.78. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.65 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS – Get Rating) last released its earnings results on Tuesday, May 2nd. The technology company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.79. The firm had revenue of $609.78 million for the quarter, compared to the consensus estimate of $592.51 million. Littelfuse had a return on equity of 17.92% and a net margin of 13.78%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.99 EPS. As a group, equities research analysts forecast that Littelfuse will post 13.57 earnings per share for the current year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 25th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Wednesday, May 24th. Littelfuse’s dividend payout ratio is presently 17.42%.

Insider Activity at Littelfuse

In related news, Director Gordon Hunter sold 200 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $245.04, for a total value of $49,008.00. Following the transaction, the director now directly owns 23,952 shares of the company’s stock, valued at approximately $5,869,198.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Littelfuse news, Director Gordon Hunter sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $245.04, for a total value of $49,008.00. Following the transaction, the director now directly owns 23,952 shares of the company’s stock, valued at approximately $5,869,198.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deepak Nayar sold 6,792 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $259.54, for a total transaction of $1,762,795.68. Following the sale, the senior vice president now owns 4,264 shares of the company’s stock, valued at approximately $1,106,678.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,825 shares of company stock valued at $2,285,516. 2.70% of the stock is owned by corporate insiders.

Institutional Trading of Littelfuse

Several institutional investors have recently added to or reduced their stakes in LFUS. Proficio Capital Partners LLC acquired a new stake in Littelfuse in the 1st quarter valued at approximately $30,000. Point72 Hong Kong Ltd acquired a new position in shares of Littelfuse in the first quarter worth $33,000. Parallel Advisors LLC grew its stake in shares of Littelfuse by 45.3% in the first quarter. Parallel Advisors LLC now owns 138 shares of the technology company’s stock worth $37,000 after acquiring an additional 43 shares in the last quarter. CoreCap Advisors LLC acquired a new position in shares of Littelfuse in the fourth quarter worth $44,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Littelfuse by 33.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company’s stock worth $44,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 94.69% of the company’s stock.

Littelfuse Company Profile

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Littelfuse, Inc engages in the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Transportation, and Industrial. The Electronics segment covers a broad range of end markets, including industrial motor drives and power conversion, automotive electronics, electric vehicle and related infrastructure, power supplies, data centers and telecommunications, medical devices, alternative energy and energy storage, building and home automation, appliances, and mobile electronics.