Littelfuse (NASDAQ:LFUS) Price Target Raised to $194.00

Littelfuse (NASDAQ:LFUS) had its target price raised by Robert W. Baird from $182.00 to $194.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

A number of other research firms have also recently weighed in on LFUS. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday. Baird R W downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $252.25.

Littelfuse Trading Up 3.5 %

Shares of Littelfuse stock opened at $188.68 on Thursday. The firm has a 50-day simple moving average of $190.87 and a two-hundred day simple moving average of $225.51. 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 has a fifty-two week low of $142.10 and a fifty-two week high of $275.58. The company has a market cap of $4.66 billion, a P/E ratio of 41.93, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30.

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

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse’s dividend payout ratio (DPR) is 64.81%.

Institutional Investors Weigh In On Littelfuse

A number of large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. boosted its stake in Littelfuse by 228.2% during the first quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company’s stock worth $25,000 after buying an additional 89 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Littelfuse by 525.0% during the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after acquiring an additional 105 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Littelfuse by 181.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after acquiring an additional 105 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Littelfuse in the fourth quarter valued at about $40,000. Finally, Smartleaf Asset Management LLC increased its position in Littelfuse by 548.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock worth $44,000 after purchasing an additional 159 shares during the last quarter. 96.14% of the stock is currently 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.