Littelfuse, Inc. (NASDAQ:LFUS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Littelfuse, Inc. (NASDAQ:LFUS) have earned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $285.00.

A number of equities research analysts recently weighed in on LFUS shares. Robert W. Baird boosted their price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a report on Thursday, October 17th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Lord Abbett & CO. LLC boosted its holdings in Littelfuse by 6.0% during the third quarter. Lord Abbett & CO. LLC now owns 193,719 shares of the technology company’s stock worth $51,384,000 after purchasing an additional 10,972 shares during the last quarter. Synovus Financial Corp boosted its holdings in Littelfuse by 11.9% during the third quarter. Synovus Financial Corp now owns 2,857 shares of the technology company’s stock worth $758,000 after purchasing an additional 304 shares during the last quarter. Tidal Investments LLC boosted its holdings in Littelfuse by 67.8% during the third quarter. Tidal Investments LLC now owns 5,417 shares of the technology company’s stock worth $1,437,000 after purchasing an additional 2,188 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Littelfuse during the third quarter worth $84,000. Finally, Sanctuary Advisors LLC boosted its holdings in Littelfuse by 6.7% during the third quarter. Sanctuary Advisors LLC now owns 4,094 shares of the technology company’s stock worth $998,000 after purchasing an additional 257 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Trading Up 1.3 %

LFUS opened at $249.54 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. The firm has a 50 day simple moving average of $251.16 and a 200 day simple moving average of $255.26. Littelfuse has a fifty-two week low of $222.91 and a fifty-two week high of $275.58.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Littelfuse’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.97 earnings per share. On average, sell-side analysts anticipate that Littelfuse will post 8.47 earnings per share for the current year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is presently 35.99%.

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.