Littelfuse, Inc. (NASDAQ:LFUS) Receives Average Recommendation of “Moderate Buy” from Analysts

Littelfuse, Inc. (NASDAQ:LFUS) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities 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. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $285.00.

LFUS has been the subject of a number of recent analyst reports. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a research note on Thursday, October 17th. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th.

Insiders Place Their Bets

In other news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the sale, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. This represents a 18.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Littelfuse

Institutional investors and hedge funds have recently bought and sold shares of the company. Huntington National Bank lifted its holdings in shares of Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after acquiring an additional 64 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Littelfuse in the 3rd quarter valued at $27,000. UMB Bank n.a. boosted its holdings in shares of Littelfuse by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 59 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Littelfuse in the 3rd quarter valued at $53,000. Finally, GAMMA Investing LLC raised its holdings in shares of Littelfuse by 41.8% during the 3rd quarter. GAMMA Investing LLC now owns 234 shares of the technology company’s stock worth $62,000 after buying an additional 69 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Littelfuse Price Performance

NASDAQ:LFUS opened at $235.12 on Monday. The stock’s 50-day simple moving average is $244.01 and its 200 day simple moving average is $252.66. Littelfuse has a 52-week low of $222.91 and a 52-week high of $275.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The company has a market cap of $5.83 billion, a P/E ratio of 30.22, a P/E/G ratio of 2.42 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.62. The firm had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.97 EPS. As a group, sell-side analysts forecast that Littelfuse will post 8.47 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.19%. Littelfuse’s dividend payout ratio (DPR) is presently 35.99%.

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.