Littelfuse, Inc. (NASDAQ:LFUS – Get Free Report) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $285.00.
A number of research analysts recently weighed in on LFUS shares. Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a report on Thursday, October 17th. Finally, StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th.
Get Our Latest Analysis on Littelfuse
Littelfuse Price Performance
Littelfuse (NASDAQ:LFUS – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.62. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The company had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. During the same period in the previous year, the business earned $2.97 EPS. Littelfuse’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, research analysts forecast that Littelfuse will post 8.47 earnings per share for the current fiscal year.
Littelfuse Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a $0.70 dividend. 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 1.17%. Littelfuse’s payout ratio is presently 35.99%.
Insider Buying and Selling
In related news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the sale, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by insiders.
Institutional Trading of Littelfuse
A number of institutional investors have recently modified their holdings of LFUS. Lord Abbett & CO. LLC raised its stake in Littelfuse by 6.0% in the third quarter. Lord Abbett & CO. LLC now owns 193,719 shares of the technology company’s stock valued at $51,384,000 after purchasing an additional 10,972 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of Littelfuse by 11.9% during the 3rd quarter. Synovus Financial Corp now owns 2,857 shares of the technology company’s stock worth $758,000 after acquiring an additional 304 shares during the period. Tidal Investments LLC boosted its position in shares of Littelfuse by 67.8% during the 3rd quarter. Tidal Investments LLC now owns 5,417 shares of the technology company’s stock worth $1,437,000 after acquiring an additional 2,188 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Littelfuse in the third quarter valued at approximately $84,000. Finally, Sanctuary Advisors LLC raised its position in Littelfuse by 6.7% during the third quarter. Sanctuary Advisors LLC now owns 4,094 shares of the technology company’s stock valued at $998,000 after purchasing an additional 257 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.
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.
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