Littelfuse (NASDAQ:LFUS) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Littelfuse (NASDAQ:LFUS) from a buy rating to a hold rating in a research note released on Thursday morning.

Several other research firms also recently issued reports on LFUS. Robert W. Baird dropped their price target on shares of 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 report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Littelfuse presently has a consensus rating of “Moderate Buy” and an average price target of $280.00.

Littelfuse Trading Down 0.8 %

NASDAQ LFUS opened at $210.03 on Thursday. Littelfuse has a twelve month low of $201.97 and a twelve month high of $275.58. The business’s fifty day moving average is $229.28 and its 200 day moving average is $241.86. 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 company has a market cap of $5.19 billion, a price-to-earnings ratio of 46.67, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same quarter last year, the business earned $2.02 EPS. As a group, sell-side analysts expect that Littelfuse will post 9.49 EPS for the current fiscal 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 dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s dividend payout ratio is presently 62.22%.

Institutional Trading of Littelfuse

A number of institutional investors have recently bought and sold shares of LFUS. Quest Partners LLC bought a new stake in shares of Littelfuse during the 3rd quarter valued at about $99,000. Pathstone Holdings LLC boosted its holdings in shares of Littelfuse by 0.6% during the 3rd quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock worth $1,730,000 after buying an additional 40 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Littelfuse by 9.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,059 shares of the technology company’s stock worth $1,077,000 after buying an additional 337 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Littelfuse by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 303,947 shares of the technology company’s stock valued at $80,622,000 after acquiring an additional 8,195 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Littelfuse during the 3rd quarter valued at $27,000. Institutional investors own 96.14% of the company’s stock.

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.