Littelfuse’s (LFUS) “Hold” Rating Reaffirmed at Stifel Nicolaus
Stifel Nicolaus reissued their hold rating on shares of Littelfuse, Inc. (NASDAQ:LFUS) in a research note released on Friday. Stifel Nicolaus currently has a $185.00 price target on the technology company’s stock.
Several other equities research analysts also recently weighed in on LFUS. Zacks Investment Research downgraded Littelfuse from a buy rating to a hold rating in a research report on Wednesday. BidaskClub raised Littelfuse from a strong sell rating to a sell rating in a research report on Friday, June 30th. Oppenheimer Holdings, Inc. upped their target price on Littelfuse from $185.00 to $200.00 and gave the stock an outperform rating in a research report on Wednesday, July 19th. Finally, Robert W. Baird reaffirmed a positive rating and issued a $195.00 target price (up previously from $187.00) on shares of Littelfuse in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $197.00.
Littelfuse (NASDAQ:LFUS) traded up 2.02% during midday trading on Friday, reaching $204.10. The company’s stock had a trading volume of 241,437 shares. The company has a 50 day moving average of $186.93 and a 200-day moving average of $171.29. The company has a market capitalization of $4.64 billion, a P/E ratio of 32.12 and a beta of 0.95. Littelfuse has a 1-year low of $124.32 and a 1-year high of $204.40.
Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.10. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The company had revenue of $313.36 million during the quarter, compared to the consensus estimate of $312.97 million. During the same quarter in the prior year, the business earned $1.44 earnings per share. The company’s revenue was up 15.2% compared to the same quarter last year. Equities research analysts anticipate that Littelfuse will post $7.74 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th were paid a dividend of $0.37 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $1.48 annualized dividend and a yield of 0.72%. This is a boost from Littelfuse’s previous quarterly dividend of $0.33. Littelfuse’s dividend payout ratio is presently 23.34%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its stake in Littelfuse by 9.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 117,937 shares of the technology company’s stock valued at $18,860,000 after buying an additional 10,632 shares in the last quarter. Bank of America Corp DE raised its stake in Littelfuse by 4.9% during the first quarter. Bank of America Corp DE now owns 115,241 shares of the technology company’s stock valued at $18,428,000 after buying an additional 5,366 shares in the last quarter. Century Capital Management LLC acquired a new stake in Littelfuse during the second quarter valued at approximately $1,854,000. KAMES CAPITAL plc acquired a new stake in Littelfuse during the second quarter valued at approximately $26,593,000. Finally, Liberty Mutual Group Asset Management Inc. raised its stake in Littelfuse by 2.0% during the first quarter. Liberty Mutual Group Asset Management Inc. now owns 10,207 shares of the technology company’s stock valued at $1,632,000 after buying an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 95.57% of the company’s stock.
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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