Brokerages Set Littelfuse, Inc. (NASDAQ:LFUS) PT at $285.00

Shares of Littelfuse, Inc. (NASDAQ:LFUS) have earned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $285.00.

LFUS has been the topic of a number of research reports. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Robert W. Baird lifted their price target on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Finally, Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a research report on Thursday, October 17th.

Institutional Investors Weigh In On Littelfuse

Several institutional investors have recently added to or reduced their stakes in the stock. Pathstone Holdings LLC grew its position in Littelfuse by 0.6% in the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock valued at $1,730,000 after purchasing an additional 40 shares in the last quarter. Assetmark Inc. boosted its position in Littelfuse by 6.5% during the third quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock valued at $191,000 after purchasing an additional 44 shares during the last quarter. US Bancorp DE grew its stake in Littelfuse by 1.4% in the third quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock valued at $911,000 after purchasing an additional 49 shares in the last quarter. Rathbones Group PLC raised its stake in shares of Littelfuse by 0.3% during the 2nd quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock worth $4,249,000 after purchasing an additional 52 shares in the last quarter. Finally, Tributary Capital Management LLC increased its holdings in Littelfuse by 1.4% during the third quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock worth $1,045,000 after buying an additional 55 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

Littelfuse Stock Down 1.0 %

LFUS opened at $246.30 on Thursday. The stock has a market capitalization of $6.11 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. Littelfuse has a one year low of $222.91 and a one year high of $275.58. The business’s 50-day simple moving average is $251.16 and its 200-day simple moving average is $255.26.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.62. The business had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.97 EPS. Analysts anticipate that Littelfuse will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.14%. Littelfuse’s dividend payout ratio is 35.99%.

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.