Littelfuse (NASDAQ:LFUS) Reaches New 12-Month Low – Time to Sell?

Littelfuse, Inc. (NASDAQ:LFUS)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $200.56 and last traded at $201.79, with a volume of 37505 shares changing hands. The stock had previously closed at $210.03.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LFUS shares. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird cut their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Littelfuse presently has an average rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Trading Down 4.3 %

The business has a fifty day moving average of $228.63 and a two-hundred day moving average of $241.51. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 2.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61.

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

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Thursday, February 20th. Littelfuse’s payout ratio is currently 62.22%.

Hedge Funds Weigh In On Littelfuse

A number of institutional investors have recently made changes to their positions in the stock. Quest Partners LLC purchased a new position in Littelfuse in the 3rd quarter valued at about $99,000. FMR LLC raised its position in shares of Littelfuse by 0.6% in the 3rd quarter. FMR LLC now owns 24,473 shares of the technology company’s stock worth $6,491,000 after buying an additional 137 shares during the period. BNP Paribas Financial Markets grew its position in Littelfuse by 14.7% during the third quarter. BNP Paribas Financial Markets now owns 2,848 shares of the technology company’s stock valued at $755,000 after acquiring an additional 366 shares during the period. Townsquare Capital LLC increased its stake in Littelfuse by 28.6% during the third quarter. Townsquare Capital LLC now owns 3,553 shares of the technology company’s stock worth $942,000 after acquiring an additional 791 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in Littelfuse by 18.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,059 shares of the technology company’s stock worth $546,000 after purchasing an additional 316 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

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.