Littelfuse (NASDAQ:LFUS) Receives Hold Rating from Benchmark

Benchmark reiterated their hold rating on shares of Littelfuse (NASDAQ:LFUS) in a report issued on Wednesday,Benzinga reports.

Other equities analysts have also recently issued research reports about the company. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. 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 report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $285.00.

Littelfuse Stock Up 5.0 %

Shares of NASDAQ LFUS opened at $235.24 on Wednesday. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 1.93 and a beta of 1.26. Littelfuse has a 12-month low of $222.73 and a 12-month high of $275.58. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average price is $239.64 and its 200-day moving average price is $250.60.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. During the same quarter in the previous year, the business earned $2.02 EPS. On average, equities research analysts anticipate that Littelfuse will post 8.47 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, February 20th. Littelfuse’s dividend payout ratio (DPR) is 35.99%.

Insider Transactions at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value 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 approximately $773,207.10. The trade was a 18.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Littelfuse

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Verition Fund Management LLC bought a new stake in shares of Littelfuse in the 3rd quarter valued at about $14,480,000. Jennison Associates LLC boosted its stake in Littelfuse by 38.4% in the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock valued at $48,048,000 after acquiring an additional 50,304 shares in the last quarter. Harvey Partners LLC grew its holdings in Littelfuse by 39.5% in the third quarter. Harvey Partners LLC now owns 132,500 shares of the technology company’s stock worth $35,146,000 after purchasing an additional 37,500 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Littelfuse by 26.2% during the fourth 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 in the last quarter. Finally, State Street Corp boosted its position in shares of Littelfuse by 3.4% in 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. Hedge funds and other institutional investors own 96.14% of the company’s stock.

About Littelfuse

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.