Robert W. Baird lowered shares of Littelfuse (NASDAQ:LFUS) from an outperform rating to a neutral rating in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. Robert W. Baird currently has $171.00 price objective on the technology company’s stock, down from their previous price objective of $193.00.
A number of other equities analysts have also weighed in on the stock. Cowen restated an outperform rating and set a $200.00 price target (down from $210.00) on shares of Littelfuse in a research report on Thursday. Zacks Investment Research lowered shares of Littelfuse from a hold rating to a sell rating in a research report on Tuesday, July 16th. Oppenheimer lowered their price target on shares of Littelfuse from $215.00 to $210.00 and set an outperform rating on the stock in a research report on Thursday, May 2nd. Barrington Research restated a hold rating on shares of Littelfuse in a research report on Wednesday, May 29th. Finally, ValuEngine lowered shares of Littelfuse from a buy rating to a hold rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Littelfuse presently has an average rating of Hold and a consensus price target of $207.33.
LFUS traded down $5.76 on Thursday, reaching $159.13. 410,230 shares of the company’s stock were exchanged, compared to its average volume of 229,461. The firm has a market capitalization of $4.05 billion, a PE ratio of 16.86, a PEG ratio of 1.72 and a beta of 1.07. Littelfuse has a twelve month low of $155.15 and a twelve month high of $229.73. The business has a fifty day moving average price of $175.65. The company has a current ratio of 3.90, a quick ratio of 2.85 and a debt-to-equity ratio of 0.46.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.91. The firm had revenue of $397.00 million for the quarter, compared to analyst estimates of $397.98 million. Littelfuse had a net margin of 10.15% and a return on equity of 13.82%. Littelfuse’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.68 earnings per share. Analysts expect that Littelfuse will post 6.77 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This is an increase from Littelfuse’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a yield of 1.21%. Littelfuse’s payout ratio is 18.22%.
In other Littelfuse news, SVP Deepak Nayar sold 3,947 shares of Littelfuse stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $187.74, for a total transaction of $741,009.78. Following the transaction, the senior vice president now directly owns 3,502 shares of the company’s stock, valued at $657,465.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ian Highley sold 986 shares of Littelfuse stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $165.79, for a total transaction of $163,468.94. Following the transaction, the senior vice president now directly owns 1,839 shares in the company, valued at $304,887.81. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of LFUS. Raymond James Financial Services Advisors Inc. acquired a new position in Littelfuse during the 4th quarter worth approximately $213,000. Dimensional Fund Advisors LP raised its stake in shares of Littelfuse by 14.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 256,818 shares of the technology company’s stock worth $44,037,000 after purchasing an additional 31,963 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in shares of Littelfuse by 9.9% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 23,910 shares of the technology company’s stock worth $4,100,000 after purchasing an additional 2,147 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Littelfuse by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,367 shares of the technology company’s stock worth $1,092,000 after purchasing an additional 358 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Littelfuse by 3.4% in the fourth quarter. Legal & General Group Plc now owns 29,376 shares of the technology company’s stock worth $5,037,000 after purchasing an additional 974 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors.
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. 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, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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