Littelfuse (LFUS) Cut to Hold at BidaskClub

BidaskClub cut shares of Littelfuse (NASDAQ:LFUS) from a buy rating to a hold rating in a report released on Tuesday.

A number of other analysts also recently weighed in on the company. Zacks Investment Research upgraded Littelfuse from a sell rating to a hold rating in a report on Wednesday, January 24th. Robert W. Baird reiterated a buy rating and set a $230.00 price target on shares of Littelfuse in a report on Friday, November 3rd. Finally, Oppenheimer reiterated a hold rating on shares of Littelfuse in a report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $211.25.

Littelfuse (LFUS) traded up $5.41 during midday trading on Tuesday, reaching $208.68. The company had a trading volume of 181,100 shares, compared to its average volume of 203,168. The firm has a market capitalization of $4,617.03, a P/E ratio of 40.21, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97. Littelfuse has a 1-year low of $149.81 and a 1-year high of $226.33. The company has a quick ratio of 2.90, a current ratio of 3.52 and a debt-to-equity ratio of 0.53.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.13. Littelfuse had a return on equity of 19.65% and a net margin of 9.78%. The firm had revenue of $304.85 million during the quarter, compared to the consensus estimate of $299.88 million. During the same period last year, the business posted $1.57 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. sell-side analysts anticipate that Littelfuse will post 8.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.48 dividend on an annualized basis and a yield of 0.71%. Littelfuse’s payout ratio is currently 28.52%.

In other Littelfuse news, SVP Ian Highley sold 9,378 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $212.50, for a total transaction of $1,992,825.00. Following the completion of the sale, the senior vice president now directly owns 4,121 shares in the company, valued at approximately $875,712.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in LFUS. Koch Industries Inc. bought a new position in shares of Littelfuse during the 2nd quarter worth about $376,000. Carillon Tower Advisers Inc. bought a new position in shares of Littelfuse during the 4th quarter worth about $44,855,000. OppenheimerFunds Inc. boosted its position in shares of Littelfuse by 139.6% during the 4th quarter. OppenheimerFunds Inc. now owns 351,587 shares of the technology company’s stock worth $69,550,000 after purchasing an additional 204,842 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of Littelfuse during the 3rd quarter worth about $33,900,000. Finally, Pictet Asset Management Ltd. boosted its position in shares of Littelfuse by 66.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 431,838 shares of the technology company’s stock worth $84,588,000 after purchasing an additional 172,338 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

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Littelfuse Company Profile

Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.

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