Brokerages Set Littelfuse, Inc. (NASDAQ:LFUS) Price Target at $280.00

Littelfuse, Inc. (NASDAQ:LFUS) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Three investment 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 twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $280.00.

Several analysts recently commented on the company. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Finally, Robert W. Baird lowered their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th.

Littelfuse Stock Up 3.4 %

Shares of LFUS opened at $216.85 on Friday. The business’s fifty day moving average price is $230.37 and its two-hundred day moving average price is $242.54. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 48.19, a PEG 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 posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter in the prior year, the business earned $2.02 earnings per share. On average, analysts predict that Littelfuse will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.29%. Littelfuse’s dividend payout ratio is presently 62.22%.

Hedge Funds Weigh In On Littelfuse

A number of institutional investors have recently added to or reduced their stakes in LFUS. Pathstone Holdings LLC raised its holdings in shares of Littelfuse by 0.6% in the 3rd quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock valued at $1,730,000 after purchasing an additional 40 shares during the period. Atria Wealth Solutions Inc. increased its position in Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after buying an additional 50 shares during the last quarter. Arizona State Retirement System increased its position in Littelfuse by 0.7% during the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock worth $1,694,000 after buying an additional 51 shares during the last quarter. Studio Investment Management LLC raised its stake in Littelfuse by 4.0% in the third quarter. Studio Investment Management LLC now owns 1,691 shares of the technology company’s stock valued at $449,000 after buying an additional 65 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Littelfuse by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company’s stock worth $2,529,000 after acquiring an additional 70 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Company Profile

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.