Littelfuse (NASDAQ:LFUS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Littelfuse (NASDAQ:LFUS) from a hold rating to a buy rating in a report released on Wednesday morning.

LFUS has been the subject of a number of other reports. Robert W. Baird decreased their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $280.00.

Littelfuse Stock Up 2.5 %

NASDAQ LFUS opened at $214.54 on Wednesday. The stock has a fifty day moving average of $231.71 and a 200-day moving average of $243.69. The stock has a market capitalization of $5.32 billion, a P/E ratio of 47.68, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. Littelfuse has a 52 week low of $201.97 and a 52 week high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61.

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

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.31%. Littelfuse’s dividend payout ratio is presently 62.22%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its holdings in shares of Littelfuse by 126.9% in the third quarter. Jane Street Group LLC now owns 11,418 shares of the technology company’s stock valued at $3,029,000 after purchasing an additional 6,386 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Littelfuse by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock valued at $73,649,000 after purchasing an additional 8,588 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of Littelfuse by 5.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock valued at $225,000 after purchasing an additional 50 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Littelfuse by 7.4% in the fourth quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company’s stock valued at $61,293,000 after purchasing an additional 18,013 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Littelfuse by 0.4% in the fourth quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company’s stock valued at $121,048,000 after purchasing an additional 2,056 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

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.