Littelfuse (NASDAQ:LFUS) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Littelfuse (NASDAQ:LFUS) from a buy rating to a hold rating in a report published on Thursday.

LFUS has been the topic of several other research reports. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Robert W. Baird dropped their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse Trading Down 0.8 %

Shares of Littelfuse stock opened at $210.03 on Thursday. The stock has a market capitalization of $5.19 billion, a PE ratio of 46.67, 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 stock has a 50 day moving average price of $229.28 and a two-hundred day moving average price of $241.86. 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 (EPS) for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same period in the prior year, the company posted $2.02 earnings per share. As a group, equities analysts anticipate that Littelfuse will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.33%. Littelfuse’s payout ratio is presently 62.22%.

Institutional Trading of Littelfuse

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Littelfuse by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company’s stock valued at $661,508,000 after purchasing an additional 40,423 shares during the period. Neuberger Berman Group LLC grew its position in Littelfuse by 1.2% during the fourth quarter. Neuberger Berman Group LLC now owns 1,047,025 shares of the technology company’s stock valued at $246,732,000 after buying an additional 11,958 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Littelfuse by 7.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company’s stock worth $179,895,000 after buying an additional 55,835 shares during the last quarter. State Street Corp raised its position in Littelfuse by 3.4% in the third quarter. State Street Corp now owns 747,082 shares of the technology company’s stock worth $198,164,000 after acquiring an additional 24,571 shares during the period. Finally, Norges Bank purchased a new position in Littelfuse in the fourth quarter valued at about $131,579,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

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.