Brokerages Set Littelfuse, Inc. (NASDAQ:LFUS) PT at $220.75
Shares of Littelfuse, Inc. (NASDAQ:LFUS) have earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $220.75.
LFUS has been the topic of several recent analyst reports. Longbow Research downgraded shares of Littelfuse from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 17th. Zacks Investment Research raised shares of Littelfuse from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Cowen initiated coverage on shares of Littelfuse in a research report on Tuesday, May 21st. They set an “outperform” rating and a $210.00 price objective on the stock. BidaskClub downgraded shares of Littelfuse from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Finally, Oppenheimer cut their price objective 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.
In other news, SVP Deepak Nayar sold 3,947 shares of the firm’s 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 sale, the senior vice president now owns 3,502 shares of the company’s stock, valued at approximately $657,465.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Nathan Zommer sold 7,500 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $200.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the director now owns 393,286 shares in the company, valued at approximately $78,657,200. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,433 shares of company stock worth $2,404,479. Insiders own 3.50% of the company’s stock.
LFUS stock traded down $1.30 during trading on Friday, hitting $172.02. 3,314 shares of the stock traded hands, compared to its average volume of 154,613. Littelfuse has a 1 year low of $155.15 and a 1 year high of $238.10. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.85 and a current ratio of 3.82.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.04. Littelfuse had a net margin of 9.70% and a return on equity of 15.27%. The company had revenue of $405.50 million for the quarter, compared to the consensus estimate of $407.53 million. During the same period in the prior year, the firm posted $2.39 EPS. Littelfuse’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, research analysts predict that Littelfuse will post 8.71 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Wednesday, May 22nd. Littelfuse’s payout ratio is presently 18.22%.
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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