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

Shares of Littelfuse, Inc. (NASDAQ:LFUS) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $280.00.

LFUS has been the topic of several research reports. Robert W. Baird cut their price target on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a report on Thursday, October 17th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th.

Littelfuse Stock Performance

LFUS opened at $233.51 on Friday. The firm’s 50-day moving average price is $238.64 and its 200-day moving average price is $249.50. The company has a market cap of $5.80 billion, a P/E ratio of 51.89, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. Littelfuse has a 52-week low of $222.73 and a 52-week high of $275.58.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter in the prior year, the company earned $2.02 earnings per share. As a group, equities analysts anticipate that Littelfuse will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.20%. Littelfuse’s dividend payout ratio is currently 62.22%.

Insider Activity at Littelfuse

In related 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 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. This represents a 18.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Littelfuse

A number of large investors have recently modified their holdings of LFUS. Bank of Montreal Can grew its stake in Littelfuse by 14.6% during the 2nd quarter. Bank of Montreal Can now owns 3,378 shares of the technology company’s stock valued at $896,000 after acquiring an additional 430 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Littelfuse by 41.4% during the 2nd quarter. Squarepoint Ops LLC now owns 2,252 shares of the technology company’s stock worth $576,000 after purchasing an additional 659 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Littelfuse by 86.6% in the second quarter. AQR Capital Management LLC now owns 19,617 shares of the technology company’s stock valued at $5,014,000 after purchasing an additional 9,104 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Littelfuse in the second quarter valued at approximately $642,000. Finally, Creative Planning lifted its position in Littelfuse by 30.3% during the second quarter. Creative Planning now owns 2,702 shares of the technology company’s stock worth $691,000 after buying an additional 628 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.