Littelfuse, Inc. (NASDAQ:LFUS) Receives $252.25 Average PT from Brokerages

Littelfuse, Inc. (NASDAQ:LFUS) has been given a consensus recommendation of “Hold” by the six analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $252.25.

Several research firms recently weighed in on LFUS. Robert W. Baird lifted their price target on shares of Littelfuse from $182.00 to $194.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Baird R W lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. Oppenheimer lowered their price objective on shares of Littelfuse from $310.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, April 30th.

Insiders Place Their Bets

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the completion of the transaction, the senior vice president now owns 5,975 shares of the company’s stock, valued at $1,180,062.50. The trade was a 19.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of Littelfuse

Several institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Littelfuse by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock worth $73,649,000 after buying an additional 8,588 shares in the last quarter. Atria Wealth Solutions Inc. lifted 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 acquiring an additional 50 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Littelfuse during the 4th quarter valued at $5,892,000. Bank of New York Mellon Corp boosted its stake in Littelfuse by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company’s stock valued at $61,293,000 after purchasing an additional 18,013 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Littelfuse by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company’s stock worth $121,048,000 after purchasing an additional 2,056 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Price Performance

LFUS opened at $219.94 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The stock’s 50 day simple moving average is $186.44 and its 200 day simple moving average is $222.20. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 48.88, a PEG ratio of 2.24 and a beta of 1.38. Littelfuse has a 1 year low of $142.10 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.37. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The firm had revenue of $554.31 million during the quarter, compared to analyst estimates of $537.60 million. During the same quarter in the prior year, the firm posted $1.76 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, analysts predict that Littelfuse will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse’s payout ratio is 64.81%.

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.