Littelfuse, Inc. (NASDAQ:LFUS) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $199.00.
A number of analysts recently commented on the company. ValuEngine upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research raised shares of Littelfuse from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. BidaskClub cut shares of Littelfuse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Oppenheimer downgraded shares of Littelfuse from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 31st. Finally, Cowen cut their price objective on shares of Littelfuse from $200.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st.
Shares of NASDAQ LFUS traded up $5.31 during trading on Friday, reaching $182.48. The company had a trading volume of 1,332 shares, compared to its average volume of 116,865. Littelfuse has a 52 week low of $149.80 and a 52 week high of $206.00. The business’s 50 day moving average price is $182.85 and its 200-day moving average price is $173.38. The stock has a market cap of $4.42 billion, a PE ratio of 19.29, a PEG ratio of 2.43 and a beta of 1.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.09 and a current ratio of 4.05.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Wednesday, November 20th. Littelfuse’s dividend payout ratio (DPR) is currently 20.34%.
In other news, CFO Meenal Sethna sold 1,729 shares of Littelfuse stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $180.00, for a total transaction of $311,220.00. Following the transaction, the chief financial officer now directly owns 13,530 shares of the company’s stock, valued at $2,435,400. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Michael P. Rutz sold 200 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $182.56, for a total transaction of $36,512.00. Following the completion of the transaction, the senior vice president now directly owns 6,246 shares of the company’s stock, valued at approximately $1,140,269.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,385 shares of company stock worth $982,838. Company insiders own 3.50% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. FMR LLC increased its holdings in shares of Littelfuse by 12,836.6% in the first quarter. FMR LLC now owns 26,520 shares of the technology company’s stock worth $4,839,000 after acquiring an additional 26,315 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of Littelfuse by 8.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 25,995 shares of the technology company’s stock worth $4,743,000 after acquiring an additional 2,085 shares in the last quarter. FDx Advisors Inc. raised its holdings in shares of Littelfuse by 9.2% during the second quarter. FDx Advisors Inc. now owns 1,220 shares of the technology company’s stock worth $216,000 after acquiring an additional 103 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of Littelfuse during the second quarter worth $8,846,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in Littelfuse in the 2nd quarter valued at $372,000. 96.97% of the stock is currently owned by institutional investors and hedge funds.
Littelfuse Company Profile
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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