Oppenheimer reaffirmed their hold rating on shares of Littelfuse (NASDAQ:LFUS) in a research note released on Wednesday morning, AnalystRatings.com reports.
Other research analysts have also recently issued research reports about the stock. Robert W. Baird upped their price target on shares of Littelfuse from $152.00 to $155.00 and gave the stock an outperform rating in a report on Monday, May 18th. Zacks Investment Research raised Littelfuse from a sell rating to a hold rating in a research note on Wednesday, June 24th. BidaskClub raised Littelfuse from a hold rating to a buy rating in a research note on Saturday, June 6th. Stifel Nicolaus increased their target price on Littelfuse from $135.00 to $140.00 and gave the company a hold rating in a research note on Thursday, April 30th. Finally, Loop Capital initiated coverage on Littelfuse in a research note on Monday, April 20th. They issued a hold rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Littelfuse has a consensus rating of Hold and a consensus target price of $193.00.
Littelfuse stock opened at $177.65 on Wednesday. The stock has a market cap of $4.31 billion, a P/E ratio of 59.41, a PEG ratio of 3.80 and a beta of 1.14. Littelfuse has a fifty-two week low of $103.63 and a fifty-two week high of $196.00. The firm’s fifty day moving average price is $168.66 and its 200-day moving average price is $160.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 4.16 and a current ratio of 5.35.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.34. The firm had revenue of $307.34 million for the quarter, compared to analysts’ expectations of $271.00 million. Littelfuse had a net margin of 5.46% and a return on equity of 8.24%. Sell-side analysts predict that Littelfuse will post 3.89 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, August 19th. This represents a $1.92 annualized dividend and a yield of 1.08%. Littelfuse’s payout ratio is 28.15%.
In other Littelfuse news, SVP Deepak Nayar sold 809 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $145.00, for a total transaction of $117,305.00. Following the completion of the sale, the senior vice president now directly owns 8,901 shares in the company, valued at $1,290,645. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Littelfuse by 12.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,031 shares of the technology company’s stock worth $271,000 after purchasing an additional 230 shares during the period. Man Group plc boosted its holdings in shares of Littelfuse by 346.8% during the fourth quarter. Man Group plc now owns 26,533 shares of the technology company’s stock worth $5,076,000 after purchasing an additional 20,595 shares during the period. Savant Capital LLC purchased a new stake in shares of Littelfuse during the first quarter worth about $2,881,000. Envestnet Asset Management Inc. boosted its holdings in shares of Littelfuse by 15.2% during the second quarter. Envestnet Asset Management Inc. now owns 51,828 shares of the technology company’s stock worth $8,843,000 after purchasing an additional 6,830 shares during the period. Finally, ETRADE Capital Management LLC boosted its holdings in shares of Littelfuse by 19.8% during the first quarter. ETRADE Capital Management LLC now owns 9,222 shares of the technology company’s stock worth $1,231,000 after purchasing an additional 1,524 shares during the period. Institutional investors own 95.10% of the company’s stock.
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.
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