Littelfuse (NASDAQ:LFUS) PT Raised to $270.00

Littelfuse (NASDAQ:LFUS) had its price objective increased by Stifel Nicolaus from $250.00 to $270.00 in a research note released on Thursday morning, Benzinga reports. They currently have a hold rating on the technology company’s stock.

Other analysts have also issued research reports about the stock. Robert W. Baird upgraded shares of Littelfuse from a neutral rating to an outperform rating and boosted their target price for the company from $270.00 to $300.00 in a research note on Friday, May 17th. TD Cowen boosted their target price on shares of Littelfuse from $250.00 to $260.00 and gave the company a hold rating in a research note on Thursday. Benchmark reiterated a hold rating on shares of Littelfuse in a research note on Thursday, May 2nd. Jefferies Financial Group initiated coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They set a hold rating and a $260.00 target price for the company. Finally, Baird R W upgraded shares of Littelfuse from a hold rating to a strong-buy rating in a research note on Friday, May 17th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $272.50.

Littelfuse Stock Down 3.0 %

Shares of NASDAQ:LFUS traded down $7.49 during midday trading on Thursday, reaching $239.61. The company had a trading volume of 45,757 shares, compared to its average volume of 137,500. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 2.44. The stock’s fifty day moving average price is $257.89 and its 200-day moving average price is $246.60. The stock has a market capitalization of $5.94 billion, a P/E ratio of 28.30, a PEG ratio of 2.58 and a beta of 1.29. Littelfuse has a one year low of $212.80 and a one year high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.22. The business had revenue of $558.49 million during the quarter, compared to analyst estimates of $540.35 million. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The business’s revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.12 earnings per share. Equities research analysts expect that Littelfuse will post 8.37 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd will be issued a dividend of $0.70 per share. This is an increase from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.17%. Littelfuse’s payout ratio is 29.78%.

Insider Buying and Selling

In related news, CFO Meenal Sethna sold 6,114 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $256.49, for a total value of $1,568,179.86. Following the completion of the sale, the chief financial officer now owns 22,432 shares of the company’s stock, valued at $5,753,583.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Littelfuse news, CFO Meenal Sethna sold 6,114 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $256.49, for a total value of $1,568,179.86. Following the completion of the sale, the chief financial officer now directly owns 22,432 shares of the company’s stock, valued at approximately $5,753,583.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David W. Heinzmann sold 300 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total value of $81,951.00. Following the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,295,683.18. The disclosure for this sale can be found here. Insiders sold 12,419 shares of company stock valued at $3,255,988 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Littelfuse

A number of large investors have recently made changes to their positions in LFUS. Entropy Technologies LP increased its holdings in Littelfuse by 407.9% in the first quarter. Entropy Technologies LP now owns 6,186 shares of the technology company’s stock worth $1,499,000 after buying an additional 4,968 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in Littelfuse by 88.8% in the first quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock worth $40,278,000 after buying an additional 78,153 shares during the last quarter. Vanguard Group Inc. boosted its position in Littelfuse by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock worth $649,442,000 after purchasing an additional 17,119 shares during the period. Freedom Day Solutions LLC bought a new stake in Littelfuse during the fourth quarter worth approximately $1,568,000. Finally, Nordea Investment Management AB boosted its position in Littelfuse by 27.3% during the first quarter. Nordea Investment Management AB now owns 215,944 shares of the technology company’s stock worth $52,334,000 after purchasing an additional 46,361 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

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.