Littelfuse, Inc. (LFUS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Littelfuse, Inc. (NASDAQ:LFUS) have been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $217.00.

Several equities research analysts have weighed in on the company. BidaskClub raised Littelfuse from a “sell” rating to a “hold” rating in a research report on Friday, May 18th. ValuEngine raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Thursday, May 3rd. Barrington Research reissued a “hold” rating on shares of Littelfuse in a research note on Tuesday, May 1st. Finally, Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $236.00 target price on the stock in a research note on Thursday, April 19th.

In related news, EVP Ryan K. Stafford sold 4,013 shares of the firm’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $230.18, for a total value of $923,712.34. Following the transaction, the executive vice president now directly owns 28,344 shares of the company’s stock, valued at approximately $6,524,221.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Deepak Nayar sold 7,047 shares of the firm’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $209.05, for a total transaction of $1,473,175.35. Following the completion of the transaction, the senior vice president now directly owns 7,881 shares in the company, valued at $1,647,523.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,487 shares of company stock worth $4,909,006. Corporate insiders own 3.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Littelfuse by 9.1% in the 1st quarter. BlackRock Inc. now owns 2,606,593 shares of the technology company’s stock valued at $542,641,000 after buying an additional 218,101 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Littelfuse by 0.7% in the 1st quarter. Wells Fargo & Company MN now owns 608,300 shares of the technology company’s stock valued at $126,636,000 after buying an additional 4,500 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in Littelfuse by 60.6% in the 1st quarter. OppenheimerFunds Inc. now owns 564,531 shares of the technology company’s stock valued at $117,525,000 after buying an additional 212,944 shares in the last quarter. Earnest Partners LLC lifted its stake in Littelfuse by 1.7% in the 1st quarter. Earnest Partners LLC now owns 532,312 shares of the technology company’s stock valued at $110,817,000 after buying an additional 8,802 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Littelfuse by 9.0% in the 1st quarter. Principal Financial Group Inc. now owns 510,370 shares of the technology company’s stock worth $106,250,000 after purchasing an additional 42,080 shares in the last quarter. 98.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ LFUS traded up $2.65 during mid-day trading on Thursday, hitting $233.56. The stock had a trading volume of 194,334 shares, compared to its average volume of 169,396. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.68 and a quick ratio of 2.68. Littelfuse has a twelve month low of $157.91 and a twelve month high of $233.72. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 2.01 and a beta of 1.03.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, May 2nd. The technology company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.58. Littelfuse had a return on equity of 18.83% and a net margin of 8.62%. The firm had revenue of $417.81 million for the quarter, compared to the consensus estimate of $391.22 million. During the same period in the prior year, the firm earned $1.69 EPS. The firm’s revenue was up 46.4% on a year-over-year basis. research analysts expect that Littelfuse will post 9.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 7th. Stockholders of record on Thursday, May 24th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, May 23rd. Littelfuse’s payout ratio is currently 19.12%.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as 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.

Analyst Recommendations for Littelfuse (NASDAQ:LFUS)

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