Shares of Littelfuse, Inc. (NASDAQ:LFUS) have been given a consensus rating of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $245.50.
A number of equities analysts have commented on the company. CL King assumed coverage on Littelfuse in a research note on Wednesday, April 14th. They set a “buy” rating and a $300.00 price objective on the stock. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $299.00 price objective on the stock in a research note on Wednesday, April 14th.
Shares of NASDAQ LFUS traded down $2.68 during trading hours on Monday, reaching $271.68. 60,534 shares of the stock were exchanged, compared to its average volume of 109,877. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 71.49, a P/E/G ratio of 3.17 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.86 and a current ratio of 4.90. Littelfuse has a 52 week low of $125.03 and a 52 week high of $287.92. The stock’s fifty day simple moving average is $265.96 and its 200 day simple moving average is $246.23.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 4th. Stockholders of record on Thursday, February 18th were paid a $0.48 dividend. The ex-dividend date was Wednesday, February 17th. This represents a $1.92 annualized dividend and a dividend yield of 0.71%. Littelfuse’s payout ratio is 28.15%.
In related news, Director Nathan Zommer sold 2,500 shares of the firm’s stock in a transaction on Monday, February 1st. The stock was sold at an average price of $250.71, for a total transaction of $626,775.00. Following the sale, the director now owns 276,610 shares of the company’s stock, valued at approximately $69,348,893.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John E. Major sold 1,350 shares of the firm’s stock in a transaction on Monday, February 8th. The shares were sold at an average price of $262.06, for a total value of $353,781.00. Following the sale, the director now directly owns 22,735 shares in the company, valued at approximately $5,957,934.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,712 shares of company stock worth $7,163,466. Corporate insiders own 3.20% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in LFUS. International Assets Investment Management LLC acquired a new position in Littelfuse during the 4th quarter worth about $26,000. Lazard Asset Management LLC acquired a new position in Littelfuse during the 4th quarter worth about $27,000. Dimension Capital Management LLC acquired a new position in Littelfuse during the 3rd quarter worth about $31,000. First Bank & Trust lifted its holdings in Littelfuse by 32.9% during the 1st quarter. First Bank & Trust now owns 679 shares of the technology company’s stock worth $179,000 after buying an additional 168 shares during the period. Finally, HighPoint Advisor Group LLC acquired a new position in Littelfuse during the 4th quarter worth about $200,000. 94.16% of the stock is currently owned by hedge funds and other institutional investors.
Littelfuse Company Profile
Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, 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, silicon carbide diodes, and insulated gate bipolar transistors.
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