Shares of Littelfuse, Inc. (NASDAQ:LFUS) have been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $208.80.
A number of equities research analysts have weighed in on the stock. Robert W. Baird cut shares of Littelfuse from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $193.00 to $171.00 in a research report on Thursday, August 1st. Cowen reiterated an “outperform” rating and set a $200.00 price target (down from $210.00) on shares of Littelfuse in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Littelfuse from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. BidaskClub upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, ValuEngine upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th.
Several hedge funds have recently made changes to their positions in LFUS. Atria Investments LLC purchased a new position in Littelfuse in the second quarter worth approximately $972,000. Treasurer of the State of North Carolina lifted its stake in Littelfuse by 17.8% in the second quarter. Treasurer of the State of North Carolina now owns 11,767 shares of the technology company’s stock worth $2,082,000 after acquiring an additional 1,782 shares during the last quarter. Cresset Asset Management LLC lifted its stake in Littelfuse by 273.0% in the second quarter. Cresset Asset Management LLC now owns 1,257 shares of the technology company’s stock worth $222,000 after acquiring an additional 920 shares during the last quarter. Royal Bank of Canada lifted its stake in Littelfuse by 2.2% in the second quarter. Royal Bank of Canada now owns 84,117 shares of the technology company’s stock worth $14,881,000 after acquiring an additional 1,790 shares during the last quarter. Finally, DF Dent & Co. Inc. lifted its stake in Littelfuse by 64.1% in the second quarter. DF Dent & Co. Inc. now owns 21,037 shares of the technology company’s stock worth $3,722,000 after acquiring an additional 8,217 shares during the last quarter. Hedge funds and other institutional investors own 99.73% of the company’s stock.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.91. Littelfuse had a net margin of 10.15% and a return on equity of 13.82%. The business had revenue of $397.00 million during the quarter, compared to analysts’ expectations of $397.98 million. During the same period last year, the business earned $2.68 earnings per share. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. On average, research analysts anticipate that Littelfuse will post 6.77 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a $0.48 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from Littelfuse’s previous quarterly dividend of $0.43. Littelfuse’s payout ratio is 20.34%.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
Read More: What are catch-up contributions?
Receive News & Ratings for Littelfuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse and related companies with MarketBeat.com's FREE daily email newsletter.