Littelfuse, Inc. (NASDAQ:LFUS) Receives $280.00 Consensus Target Price from Analysts

Littelfuse, Inc. (NASDAQ:LFUS) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $280.00.

A number of equities research analysts recently commented on LFUS shares. Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a research note on Tuesday. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a research report on Thursday, October 17th. Finally, Robert W. Baird decreased their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, January 30th.

Littelfuse Stock Down 0.3 %

Shares of NASDAQ LFUS opened at $231.05 on Friday. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.73 billion, a PE ratio of 51.34, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26. The firm’s 50-day moving average is $238.89 and its 200-day moving average is $249.61. Littelfuse has a 1 year low of $222.73 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same period in the previous year, the firm earned $2.02 EPS. Equities analysts expect that Littelfuse will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, February 20th. Littelfuse’s payout ratio is currently 62.22%.

Insider Transactions at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Littelfuse

Institutional investors have recently bought and sold shares of the company. Verition Fund Management LLC acquired a new position in shares of Littelfuse during the 3rd quarter worth about $14,480,000. Jennison Associates LLC boosted its position in Littelfuse by 38.4% during the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock valued at $48,048,000 after purchasing an additional 50,304 shares during the last quarter. Harvey Partners LLC grew its stake in Littelfuse by 39.5% in the third quarter. Harvey Partners LLC now owns 132,500 shares of the technology company’s stock valued at $35,146,000 after purchasing an additional 37,500 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Littelfuse by 26.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 129,836 shares of the technology company’s stock worth $30,473,000 after purchasing an additional 26,975 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Littelfuse by 3.4% during the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company’s stock worth $198,164,000 after purchasing an additional 24,571 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.