Littelfuse, Inc. (NASDAQ:LFUS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Littelfuse, Inc. (NASDAQ:LFUS) have earned an average rating of “Moderate Buy” from the seven brokerages that are presently 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 given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $280.00.

Several research firms have weighed in on LFUS. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Robert W. Baird dropped their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday.

Hedge Funds Weigh In On Littelfuse

Several large investors have recently modified their holdings of LFUS. Jane Street Group LLC raised its holdings in Littelfuse by 126.9% in the third quarter. Jane Street Group LLC now owns 11,418 shares of the technology company’s stock worth $3,029,000 after buying an additional 6,386 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Littelfuse by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock worth $73,649,000 after acquiring an additional 8,588 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock valued at $225,000 after acquiring an additional 50 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Littelfuse by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company’s stock valued at $61,293,000 after purchasing an additional 18,013 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Littelfuse by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company’s stock worth $121,048,000 after purchasing an additional 2,056 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Price Performance

Shares of LFUS stock opened at $209.79 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The firm has a market cap of $5.21 billion, a P/E ratio of 46.62, a P/E/G ratio of 2.24 and a beta of 1.27. The business’s 50 day moving average price is $230.69 and its 200-day moving average price is $243.03. Littelfuse has a fifty-two week low of $201.97 and a fifty-two week high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting 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 period in the previous year, the company earned $2.02 EPS. On average, equities research analysts anticipate that Littelfuse will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.33%. Littelfuse’s dividend payout ratio is currently 62.22%.

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.