Littelfuse (NASDAQ:LFUS) Upgraded to “Hold” at BidaskClub
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Littelfuse from a sell rating to a hold rating in a research report on Thursday, May 2nd. Longbow Research downgraded shares of Littelfuse from a buy rating to a neutral rating in a research report on Wednesday, April 17th. Cowen started coverage on shares of Littelfuse in a research note on Tuesday, May 21st. They set an outperform rating and a $210.00 target price for the company. Barrington Research reaffirmed a hold rating on shares of Littelfuse in a research note on Wednesday, May 29th. Finally, Oppenheimer cut their target price on shares of Littelfuse from $215.00 to $210.00 and set an outperform rating for the company in a research note on Thursday, May 2nd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $223.33.
Shares of LFUS stock opened at $175.89 on Friday. The company has a market cap of $4.35 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. Littelfuse has a one year low of $155.15 and a one year high of $235.37. The company’s fifty day moving average price is $171.74. The company has a quick ratio of 2.85, a current ratio of 3.82 and a debt-to-equity ratio of 0.45.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were paid a dividend of $0.43 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $1.72 annualized dividend and a yield of 0.98%. Littelfuse’s payout ratio is 18.22%.
In related news, Director Nathan Zommer sold 7,500 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were 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 directly owns 393,286 shares of the company’s stock, valued at $78,657,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ian Highley sold 986 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were 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 of the company’s stock, valued at $304,887.81. The disclosure for this sale can be found here. Insiders have sold 12,433 shares of company stock valued at $2,404,479 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Channing Capital Management LLC grew its stake in shares of Littelfuse by 5.2% in the 4th quarter. Channing Capital Management LLC now owns 233,875 shares of the technology company’s stock worth $40,105,000 after buying an additional 11,599 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Littelfuse by 5.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 14,517 shares of the technology company’s stock worth $2,650,000 after buying an additional 685 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Littelfuse in the 4th quarter worth $3,087,000. Dimensional Fund Advisors LP grew its stake in shares of Littelfuse by 14.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 256,818 shares of the technology company’s stock worth $44,037,000 after buying an additional 31,963 shares in the last quarter. Finally, GYL Financial Synergies LLC purchased a new position in shares of Littelfuse in the 1st quarter worth $1,583,000. 98.75% of the stock is 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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