Analysts Set Littelfuse, Inc. (NASDAQ:LFUS) Price Target at $285.00

Shares of Littelfuse, Inc. (NASDAQ:LFUS) have been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $285.00.

Several brokerages have recently commented on LFUS. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Robert W. Baird lifted their target price on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Finally, Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a report on Thursday, October 17th.

Institutional Investors Weigh In On Littelfuse

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank raised its position in shares of Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after buying an additional 64 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Littelfuse in the third quarter valued at about $27,000. CWM LLC raised its stake in shares of Littelfuse by 410.7% during the second quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after acquiring an additional 115 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Littelfuse by 70.2% during the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after purchasing an additional 59 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in Littelfuse during the 3rd quarter valued at about $53,000. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Stock Performance

NASDAQ LFUS opened at $246.30 on Thursday. The firm has a 50-day moving average of $251.16 and a 200-day moving average of $255.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The stock has a market cap of $6.11 billion, a PE ratio of 31.66, a P/E/G ratio of 2.48 and a beta of 1.26. Littelfuse has a 52-week low of $222.91 and a 52-week high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.09 by $0.62. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The business had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. During the same period in the prior year, the company posted $2.97 earnings per share. Littelfuse’s revenue was down 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Littelfuse will post 8.47 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.70 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.14%. Littelfuse’s payout ratio is 35.99%.

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.