Littelfuse, Inc. (NASDAQ:LFUS) Receives $280.00 Consensus Price Target from Analysts

Littelfuse, Inc. (NASDAQ:LFUS) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $280.00.

LFUS has been the topic of a number of recent research reports. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Finally, Robert W. Baird reduced their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th.

Institutional Investors Weigh In On Littelfuse

Large investors have recently made changes to their positions in the company. Pathstone Holdings LLC lifted its holdings in Littelfuse by 0.6% during 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 last quarter. Atria Wealth Solutions Inc. raised its position in Littelfuse by 5.5% in the 4th 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 during the last quarter. Arizona State Retirement System boosted its stake in Littelfuse by 0.7% in the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock worth $1,694,000 after purchasing an additional 51 shares in the last quarter. Studio Investment Management LLC grew its holdings in shares of Littelfuse by 4.0% during the third quarter. Studio Investment Management LLC now owns 1,691 shares of the technology company’s stock worth $449,000 after purchasing an additional 65 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of Littelfuse by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company’s stock valued at $2,529,000 after buying an additional 70 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Up 3.4 %

Shares of LFUS stock opened at $216.85 on Friday. Littelfuse has a 12 month low of $201.97 and a 12 month high of $275.58. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The firm has a market cap of $5.36 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The stock has a 50 day moving average of $230.37 and a 200-day moving average of $242.54.

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 net margin of 5.16% and a return on equity of 8.55%. During the same quarter in the previous year, the company posted $2.02 earnings per share. On average, equities analysts predict that Littelfuse will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.70 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.29%. Littelfuse’s dividend payout ratio is currently 62.22%.

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.