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

Shares of Littelfuse, Inc. (NASDAQ:LFUS) have received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $285.00.

A number of equities research analysts recently weighed in on LFUS shares. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a research report on Thursday, October 17th. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th.

Littelfuse Stock Up 1.8 %

LFUS stock opened at $238.83 on Monday. The firm has a 50-day moving average price of $245.41 and a 200-day moving average price of $253.50. Littelfuse has a 12 month low of $222.91 and a 12 month high of $275.58. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $5.93 billion, a P/E ratio of 30.70, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.09 by $0.62. The business had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.97 EPS. As a group, equities research analysts anticipate that Littelfuse will post 8.47 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.17%. Littelfuse’s dividend payout ratio (DPR) is 35.99%.

Insider Activity at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the transaction, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of Littelfuse

A number of large investors have recently bought and sold shares of LFUS. Pathstone Holdings LLC grew its stake in Littelfuse by 0.6% during the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock worth $1,730,000 after purchasing an additional 40 shares during the period. Assetmark Inc. grew its position in shares of Littelfuse by 6.5% during the 3rd quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock worth $191,000 after buying an additional 44 shares during the period. US Bancorp DE increased its stake in shares of Littelfuse by 1.4% in the 3rd quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock valued at $911,000 after acquiring an additional 49 shares in the last quarter. Rathbones Group PLC lifted its position in shares of Littelfuse by 0.3% during the 2nd quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock valued at $4,249,000 after acquiring an additional 52 shares during the period. Finally, Tributary Capital Management LLC boosted its stake in Littelfuse by 1.4% during the third quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock worth $1,045,000 after acquiring an additional 55 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.