Brokerages Set Littelfuse, Inc. (NASDAQ:LFUS) Price Target at $252.25

Littelfuse, Inc. (NASDAQ:LFUS) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $252.25.

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

Littelfuse Stock Performance

Shares of Littelfuse stock opened at $216.46 on Friday. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 48.10, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. The stock’s 50-day moving average is $186.49 and its 200-day moving average is $221.89. Littelfuse has a one year low of $142.10 and a one year high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.37. The business 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 quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.76 earnings per share. Equities analysts predict that Littelfuse will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.29%. Littelfuse’s dividend payout ratio (DPR) is currently 64.81%.

Insider Transactions at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the transaction, the senior vice president now owns 5,975 shares in the company, valued at approximately $1,180,062.50. This trade represents a 19.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Littelfuse

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Littelfuse by 3.6% during the first quarter. Royal Bank of Canada now owns 32,206 shares of the technology company’s stock worth $6,337,000 after purchasing an additional 1,107 shares during the period. Quarry LP bought a new position in shares of Littelfuse during the first quarter worth approximately $63,000. Magnetar Financial LLC acquired a new stake in Littelfuse during the first quarter worth approximately $238,000. Ceredex Value Advisors LLC grew its position in Littelfuse by 1.5% during the first quarter. Ceredex Value Advisors LLC now owns 68,497 shares of the technology company’s stock worth $13,476,000 after buying an additional 1,000 shares in the last quarter. Finally, Synovus Financial Corp grew its position in Littelfuse by 32.6% during the first quarter. Synovus Financial Corp now owns 3,563 shares of the technology company’s stock worth $701,000 after buying an additional 875 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

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.